Market Info

Forex Major Currencies Outlook (October 9, 2013)

USD

The US dollar was able to make a quick bounce in the Asian session but gave up its intraday gains back to its major counterparts, as the lawmakers in Washington still haven’t reached a deal on the budget. 

CAD/JPY Downtrend Line (October 9, 2013)

CAD/JPY’s downtrend is still very much intact, as the falling trend line connecting the price’s highs is still holding on the 1-hour time frame. 

Forex Major Currencies Outlook (October 8, 2013)

USD

The US dollar struggled to hold its ground at the start of the week as the continued government shutdown discouraged traders from taking long dollar positions. 

AUD/USD Triangle Formation (October 8, 2013)

AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level.

Forex Major Currencies Outlook (October 7, 2013)

USD

The US dollar recovered some of its recent losses for the previous week on Friday, as risk aversion popped its head in the markets. It also helped that a lot of traders booked profits at the end of the week. 

GBP/USD Long-Term Uptrend (October 7, 2013)

GBP/USD suffered a sharp selloff on Friday but it appears that the longer-term uptrend is still intact, as evidenced by the rising channel on the 4-hour time frame.

Forex Major Currencies Outlook (October 4, 2013)

USD 

The US dollar had a mixed day as it lost to the euro, franc, and yen but caught some gains against the Aussie, Kiwi, and pound. 

GBP/USD: Potential Reversal? (October 4, 2013)

A double top pattern has formed on GBP/USD’s short term time frame, which means that a possible reversal from the current uptrend could happen.

Forex Major Currencies Outlook (October 3, 2013)

USD

The US dollar gave up its gains to its major counterparts, as the US government shutdown extended for another day. 

AUD/JPY Double Bottom (October 3, 2013)

AUD/JPY is making a reversal pattern on its 1-hour time frame, which means that the current downtrend could be turning.