Market Info

Forex Major Currencies Outlook (July 29, 2014)

USD

Data from the US economy was weaker than expected yesterday, as the flash services PMI held steady at 61.0 instead of improving to the expected 62.3 reading.

CAD/JPY Long-Term Selloff (July 29, 2014)

CAD/JPY has been moving inside a descending triangle pattern on its daily forex time frame, as price made lower highs and found support at the 92.00 major psychological level.

Forex Major Currencies Outlook (July 28, 2014)

USD

Economic data from the US was mostly stronger than expected last Friday, allowing the dollar to keep rallying against its major counterparts.

AUD/USD Ascending Triangle Setup (July 28, 2014)

AUD/USD has been making higher lows and finding resistance at the .9460 area, creating an ascending triangle on its 4-hour time frame. The pair just found resistance at the top of the triangle and is on its way to test the bottom, which might continue to hold as support.

Forex Major Currencies Outlook (July 3, 2014)

USD

The US dollar found its legs in yesterday’s trading session when US data came in mostly in line with expectations.

USD/CHF Trend Correction (July 3, 2014)

USD/CHF has been in a sharp selloff for the past couple of weeks, mostly due to US dollar weakness. However price has started pulling up after dipping close to the .8850 minor psychological support.

Forex Major Currencies Outlook (July 2, 2014)

USD

The US dollar had another weak run in the latest trading session, as risk appetite picked up at the start of the new trading month and quarter.

AUD/USD Channel Bounce? (July 2, 2014)

The rising channel on AUD/USD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel. At the same time, stochastic is moving down from the overbought zone, indicating enough selling momentum to take the pair lower in the short-term.

Forex Major Currencies Outlook (July 1, 2014)

USD

The US dollar lost a lot of ground to its forex counterparts at the end of the month and quarter, despite mixed economic data.

EUR/AUD Trend Line Test (July 1, 2014)

The downtrend of EUR/AUD is still intact, as the pair is trading below a falling trend line on its 4-hour time frame. However, the upcoming events this week could be crucial in determining whether this trend will carry on or not.