Market Info

USD/JPY Testing Former 99.50 Resistance (June 4, 2013)

USD/JPY kept selling off in the past few trading days as the Nikkei stock index posted sharp declines. This was enough to push USD/JPY back down from the 103.75 area to 99.50.

Forex Major Currencies Outlook (June 3, 2013)

USD

There are a lot of red flags on the U.S. calendar this week, which could determine if markets are really shifting their stance on the U.S. dollar or just making huge corrections before trends resume. 

USD/CAD Range Setup (June 3, 2013)

USD/CAD is one of the best currency pairs to trade in a ranging market environment. 

Forex Major Currencies Outlook (May 30, 2013)

USD

The US dollar continued to slide against its major counterparts in yesterday’s trading sessions as markets seemed to show exhaustion from its recent rallies. 

USD/CHF Head and Shoulders Pattern (May 30, 2013)

On its 4-hour time frame, USD/CHF seems to have formed a head and shoulders pattern, indicating a potential reversal from the pair’s rallies earlier this year.

Forex Major Currencies Outlook (May 29, 2013)

USD

The U.S. dollar was supported by stronger than expected consumer confidence data in yesterday’s New York session. The CB consumer sentiment figure came in higher than the estimate as it jumped from an upwardly revised 69.0 to 76.2, beating the consensus at 70.7. 

USD/CAD Resistance at Rising Channel (May 29, 2013)

USD/CAD’s uptrend is still very strong as the rising channel on its shorter-term time frame is still holding. The pair recently found support at the bottom, which is near 1.0350, and bounced right back up when the U.S. printed strong consumer confidence data yesterday.

Major Forex Currencies Outlook (May 28, 2013)

USD

U.S. traders are back in the grind today, after taking a day off in honor of Memorial Day. The U.S. will be printing its CB consumer confidence report for May and possibly show a strong rise in optimism. 

AUD/USD Testing .9600 Weekly Support (May 28, 2013)

AUD/USD is once more sitting at a key inflection point, which has been an established support level on longer-term time frames. 

Forex Major Currencies Outlook (May 27, 2013)

USD

The dollar had a mixed trading day on Friday as it lost ground to the Japanese yen and euro but managed to pocket some gains against its other major counterparts.