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Forex Major Currencies Outlook (July 06, 2016)

USD

The US dollar was a big winner in yesterday's London and US sessions thanks to the run in risk aversion. 

EURGBP Rising Wedge Breakout (July 06, 2016)

EURGBP was recently consolidating inside a rising wedge formation then recently broke to the upside, indicating that buyers are gaining strength. 

Forex Major Currencies Outlook (July 05, 2016)

USD

The US dollar was stuck in consolidation against most of its forex counterparts since US banks were closed for the Fourth of July holiday. 

EURUSD Broken Trend Line Pullback (July 05, 2016)

EURUSD recently broke below a rising trend line on its daily time frame, signaling that the uptrend is over. 

Forex Major Currencies Outlook (July 04, 2016)

USD

The US dollar was mostly weaker than expected last Friday despite stronger than expected ISM manufacturing PMI data. 

AUDJPY Pullback Setup (July 04, 2016)

AUDJPY recently broke below a long-term support area in its sharp dive to a low of 72.40 before pulling back up. 

Forex Major Currencies Outlook (July 01, 2016)

USD

The US dollar regained a bit of ground in the latter part of the US session as data came in mostly stronger than expected.

NZDJPY Pullback to Broken Support (July 01, 2016)

NZDJPY has been edging higher recently, pulling up from its sharp dive.

Forex Major Currencies Outlook (June 30, 2016)

USD

The US dollar gave up some ground but managed to pare some of its losses as risk appetite stayed in the markets.

USDCAD Symmetrical Triangle (June 30, 2016)

USDCAD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its daily time frame.