Market Info

Forex Major Currencies Outlook (May 10, 2017)

USD

The dollar gained a bit of support even with a couple of weaker than expected medium-tier data.

NZDUSD Potential Breakout (May 10, 2017)

NZDUSD has formed lower highs and higher lows on its 1-hour chart, creating a symmetrical triangle pattern.

Forex Major Currencies Outlook (May 09, 2017)

USD

The US dollar regained ground as the Fed labor market conditions index saw an upgrade for the March report while traders turned their attention to Wall Street reform. 

NZDUSD Double Bottom (May 09, 2017)

NZDUSD could be in for a reversal from its selloff as the pair formed a double bottom pattern on its 1-hour chart.

Forex Major Currencies Outlook (May 08, 2017)

USD

The Greenback didn't post much gains on Friday even after economic data turned out stronger than expected. The NFP report indicated a 211K increase in hiring versus the projected 194K figure.

USDCAD Channel Support (May 08, 2017)

USDCAD has been trading inside an ascending channel on its long-term time frames and is currently testing resistance. If this holds, price could make a correction to support and the nearby Fib levels. In particular, the 61.8% retracement level coincides with the 1.3450 minor psychological mark and a former resistance area.

Forex Major Currencies Outlook (May 05, 2017)

USD

The US dollar had a mixed performance as it gave back some of its post-FOMC gains to the European currencies but managed to stay afloat against the comdolls. 

AUDUSD Descending Triangle Breakdown (May 05, 2017)

AUDUSD formed lower highs and found support at the .7500 major psychological level, creating a descending triangle chart pattern. 

Forex Major Currencies Outlook (May 04, 2017)

USD

Dollar bulls were back in the game, thanks to strong leading jobs indicators and an upbeat FOMC statement. 

GBPUSD Range Breakout Correction (May 04, 2017)

GBPUSD recently broke past its range resistance around the 1.2700 handle and found resistance at 1.2950.