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AUD/JPY Showing Momenutm (January 16, 2014)

Thanks to Australia’s weaker than expected jobs data, AUD/JPY finally broke below that short-term consolidation on the top of the falling channel on its 4-hour time frame. At the same time, the yen could continue to gain ground as risk aversion has been driving currency movements.

Forex Major Currencies Outlook (January 15, 2014)

USD

It was a mixed day for the US dollar in recent trading, despite stronger than expected retail sales data.

EUR/AUD Area of Interest (January 15, 2014)

EUR/AUD is pulling up to an area of interest seen on its 4-hour time frame while stochastic is moving up towards the overbought zone.

Forex Major Currencies Outlook (January 14, 2014)

USD

The US dollar gave up a lot of ground to its major counterparts as there were no reports to support the US currency yesterday.

GBP/AUD Pullback Play (January 14, 2014)

After its strong selloff in the past few days, GBP/AUD seems ready to make a retracement to an area of interest. On the 1-hour time frame, it can be seen that the broken support level is right in between the 38.2% and 50% Fibonacci retracement levels, making it a good sell area.

Forex Major Currencies Outlook (January 13, 2014)

USD

The US dollar was sold off sharply on Friday when the NFP report printed weaker than expected results.

Uptrend on GBP/USD (January 13, 2014)

GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently. The pair has just bounced off the bottom of the rising channel on the 1-hour time frame as indicating potential rallies.

Forex Major Currencies Outlook (January 10, 2014)

USD

The US dollar’s movement was relatively subdued yesterday, as there were no major reports released from the US.

AUD/USD: NFP Straddle Setup (January 10, 2014)

AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that area.

Forex Major Currencies Outlook (January 9, 2014)

USD

The US dollar gained ground against its major counterparts as the ADP employment report printed stronger than expected gains of 238K versus the estimate at 199K.