Market Info

Watching USD/JPY’s Channel During the NFP (April 4, 2014)

USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the previous 175K figure and enough to bring the jobless rate from 6.7% to 6.6%.

Forex Major Currencies Outlook (April 3, 2014)

USD

The US dollar had a pretty good run yesterday, as the ADP non-farm employment change figure came in line with expectations.

AUD/USD Double Top Pattern (April 3, 2014)

AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225 level though before confirming the potential downtrend.

Forex Major Currencies Outlook (April 2, 2014)

USD

The US dollar regained ground against its counterparts, as the ISM manufacturing PMI showed an improvement from 53.2 to 53.7.

NZD/USD Trend Line Test (April 2, 2014)

Despite the sharp selloff that took place in today’s Asian trading session and the double top pattern that formed on the short-term time frames, NZD/USD’s uptrend is still intact. The pair is currently testing the rising trend line on its 4-hour time frame, right around the .8600 major psychological support.

Forex Major Currencies Outlook (April 1, 2014)

USD

It was a mixed bag for the US dollar in Monday’s trading, as it gave up gains to some of its counterparts but locked in wins against others.

USD/JPY Rising Trend Channel (April 1, 2014)

USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising channel on its 4-hour time frame.

Forex Major Currencies Outlook (March 31, 2014)

USD

The US dollar took a breather from its latest declines, as traders booked profits off key levels last week.

USD/CHF Reversal Signals (March 31, 2014)

On its daily time frame, USD/CHF has retraced to an area of interest around the .8900 major psychological level. This area served as support in the past and might hold as resistance moving forward. Stochastic is already indicating overbought conditions and might be ready to cross down soon.

Forex Major Currencies Outlook (March 28, 2014)

USD

The US dollar continued to bleed to the pound and the commodity currencies, as data from the US failed to give the currency any support.