Market Info

Forex Major Currencies Outlook (Aug 31, 2016)

USD

The US dollar regained ground against its forex rivals in recent trading as data beat expectations. 

USDCAD Countertrend Setup (Aug 31, 2016)

USDCAD is still moving inside an ascending channel on its daily and 4-hour time frame, but price is nearing the top of the formation so a selloff might be due.

Forex Major Currencies Outlook (Aug 30, 2016)

USD

The US dollar retreated as traders booked profits off their recent long positions after Yellen's Jackson Hole testimony.

AUDUSD Short-Term Channel (Aug 30, 2016)

AUDUSD recently broke below the bottom of a longer-term ascending channel visible on its daily and 4-hour chart.

Forex Major Currencies Outlook (Aug 29, 2016)

USD

The US dollar enjoyed a strong boost on Friday when Fed Chairperson Yellen made her speech and confirmed that a rate hike could still be in play before the end of the year. 

AUDUSD Channel Breakdown (Aug 29, 2016)

AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. 

Forex Major Currencies Outlook (Aug 26, 2016)

USD

The US dollar continued to rake in gains earlier in the day but wound up retreating on profit-taking.

EURUSD Uptrend Pullback (Aug 26, 2016)

EURUSD has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and currently testing resistance.

Forex Major Currencies Outlook (Aug 25, 2016)

USD

The US dollar advanced against most of its forex peers despite downbeat housing data, as traders seem to be reacting to market sentiment. 

AUDUSD Descending Channel (Aug 25, 2016)

AUDUSD has been trending lower on its 1-hour time frame, moving inside a descending channel formation.