Market Info

Forex Major Currencies Outlook (Dec 27, 2016)

USD

Since most markets were still closed for the holidays, dollar action was relatively subdued throughout Monday. 

NZDJPY Major Correction (Dec 27, 2016)

NZDJPY broke past the long-term resistance at the 78.00 handle a couple of months back before staging a steady ascent to 83.50. 

Forex Major Currencies Outlook (Dec 26, 2016)

USD

The dollar advanced steadily against its peers as the week drew to a close, as economic data from the US was slightly stronger than expected.

AUDNZD Descending Triangle (Dec 26, 2016)

AUDNZD formed lower highs and found support at the 1.0400 major psychological level, creating a descending triangle visible on its 1-hour chart.

Forex Major Currencies Outlook (Dec 19, 2016)

USD

The US dollar returned some of its recent wins on Friday as traders booked profits before the end of the week. 

EURAUD Range Setup (Dec 19, 2016)

EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark. 

Forex Major Currencies Outlook (Dec 16, 2016)

USD

The US dollar continued to reign supreme against its counterparts as traders incorporated expectations of three more rate hikes next year.

GBPJPY Short-Term Uptrend (Dec 16, 2016)

GBPJPY is still trending higher, moving above a rising trend line on its 1-hour chart and getting ready for another test of support. 

Forex Major Currencies Outlook (Dec 15, 2016)

USD

The US dollar staged a strong rally after the Fed hiked interest rates and signaled room for three more tightening moves next year, an increase from their September forecast of just two hikes.

AUDUSD Breakdown and Correction (Dec 15, 2016)

AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing.