Market Info

Forex Major Currencies Outlook (Feb 25, 2016)

USD

The US dollar was in a weak spot due to a pickup in risk appetite and weaker than expected US data.

USDJPY Descending Trend Line (Feb 25, 2016)

USDJPY has been trending lower recently, moving below a descending trend line connecting the latest highs of price action on the 1-hour chart.

Forex Major Currencies Outlook (Feb 24, 2016)

USD

The US dollar was able to recover against the higher-yielding currencies yesterday as risk-off flows were seen.

EURAUD Channel Breakout (Feb 24, 2016)

EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows.

Forex Major Currencies Outlook (Feb 23, 2016)

USD

The US dollar gave up ground against the commodity currencies and the yen but advanced to the euro and pound.

NZDUSD Triangle Breakout (Feb 23, 2016)

NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart.

Forex Major Currencies Outlook (Feb 22, 2016)

USD

The US dollar drew some support from upbeat CPI readings but was hardly able to recover against the comdolls.

USDCAD Descending Triangle (Feb 22, 2016)

USDCAD has formed lower highs on its 1-hour chart and has been finding support at the 1.3650-1.3700 area, creating a descending triangle chart pattern.

Forex Major Currencies Outlook (Feb 19, 2016)

USD  

The US dollar took advantage of the return in risk aversion in recent trading sessions, advancing against the commodity currencies.

GBPAUD Downtrend Pullback (Feb 19, 2016)

GBPAUD has been trending lower, moving below a descending trend line connecting the latest highs of price action.