Market Info

Forex Major Currencies Outlook (Jan 14, 2015)

USD

The US dollar stayed supported by risk aversion throughout the trading day as geopolitical tension and falling commodity prices kept risk-taking in check. 

NZDJPY Ascending Triangle Break (Jan 14, 2015)

NZDJPY has shown increased downside momentum, as price broke below the bottom of the ascending triangle on its 4-hour time frame. 

Forex Major Currencies Outlook (Jan 13, 2015)

USD 

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

AUDUSD Resistance Turned Support (Jan 13, 2015)

AUDUSD broke past a resistance area on its 1-hour time frame and rallied to a high of .8250 before retreating. 

Forex Major Currencies Outlook (Jan 12, 2015)

USD

The US reported a strong NFP reading for December, as the economy added 252K jobs versus the estimated 241K gain. 

GBPUSD Major Correction (Jan 12, 2015)

GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. 

Forex Major Currencies Outlook (Jan 9, 2015)

USD

The US dollar continued to advance against the European currencies while showing more weakness to the commodity currencies as traders position themselves ahead of today’s NFP release. 

AUDJPY Double Bottom Formation (Jan 9, 2015)

AUDJPY’s recent downtrend might be over, as price formed a double bottom pattern on its 4-hour time frame

Forex Major Currencies Outlook (Jan 8, 2015)

USD

The US dollar had a mixed performance following the release of the FOMC minutes, although the safe-haven currency generally ended stronger. 

AUDUSD Reversal Pattern (Jan 8, 2015)

AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame.