Market Info

Forex Major Currencies Outlook (Feb 18, 2015)

USD

The US dollar returned some of its recent gains as traders booked profits ahead of the Chinese New Year holidays. 

EURUSD Consolidation Ahead of Greek Ultimatum (Feb 18, 2015)

EURUSD has been forming lower highs and higher lows, creating a triangle pattern on its 1-hour forex time frame. 

Forex Major Currencies Outlook (Feb 17, 2015)

USD

The US dollar regained ground when risk aversion returned to the financial markets after the Greek debt talks failed to produce a deal.

EURGBP Descending Channel (Feb 17, 2015)

EURGBP is moving inside a descending channel on its 1-hour time frame, indicating that the pair might be in for more losses. 

Forex Major Currencies Outlook (Feb 16, 2015)

USD

The US dollar lost a lot of ground on Friday when risk appetite surged on the heels of improving geopolitical situations. 

USDCAD Descending Triangle Pattern (Feb 16, 2014)

USDCAD has formed lower highs and found support at the 1.2400 major psychological level, creating a descending triangle chart pattern on its 1-hour forex chart. 

Forex Major Currencies Outlook (Feb 13, 2015)

USD

The US dollar gave up a lot of ground when the economy saw weaker than expected retail sales figures for January, casting doubts on the Fed’s projected rate hike for the year. 

AUDUSD Double Bottom (Feb 13, 2015)

AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. 

Forex Major Currencies Outlook (Feb 12, 2015)

USD

The US dollar regained ground against its major counterparts when risk aversion popped its head back in the financial markets. 

AUDJPY Ascending Triangle Breakdown (Feb 12, 2015)

AUDJPY broke below its ascending triangle support on the 1-hour time frame, indicating that further losses are possible for the pair.