Market Info

Forex Major Currencies Outlook (July 27, 2016)

USD

The US dollar was off to a weak start in the day but it managed to recoup its losses during the US session, thanks to upbeat data.

USDCAD Breakout Correction (July 27, 2016)

USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action.

Forex Major Currencies Outlook (July 26, 2016)

USD

The US dollar was the big winner for the day, as it raked in gains across the board on risk aversion. 

USDCAD Triangle Breakout (July 26, 2016)

USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. 

Forex Major Currencies Outlook (July 25, 2016)

USD

The US dollar was the king of pips on Friday as risk aversion returned and data from the US beat expectations. 

USDJPY Descending Channel (July 25, 2016)

USDJPY has been trending lower on its longer-term time frames, moving inside a descending channel on its daily time frame. 

Forex Major Currencies Outlook (July 22, 2016)

USD

The US dollar gave up a bit of ground against its forex peers when risk appetite improved after the ECB statement.

USDCAD Countertrend Setup (July 22, 2016)

USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon.

Forex Major Currencies Outlook (July 21, 2016)

USD

The lack of top-tier data from the US economy left the Greenback reacting to country-specific data.

EURAUD Triangle Bounce (July 21, 2016)

EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame.