Market Info

Forex Major Currencies Outlook (May 11, 2016)

USD

The US dollar gave up ground to the commodity currencies but was able to hold steady against the euro and the yen. 

NZDUSD Trend Line Correction (May 11, 2016)

NZDUSD recently broke below a long-term rising trend line, indicating that the previous uptrend might already be over. 

Forex Major Currencies Outlook (May 10, 2016)

USD

The US dollar was slightly higher against its peers, as traders flocked back to the US currency when Japanese officials began jawboning again. US labor market conditions index improved from -2.1 to -0.9. US JOLTS job openings and wholesale inventories are up for release today.

NZDUSD Reversal Confirmation (May 10, 2016)

NZDUSD has formed a double top pattern on its 4-hour chart, signaling that a reversal from the previous uptrend might take place.

Forex Major Currencies Outlook (May 09, 2016)

USD

The US dollar lost some ground to its forex counterparts on Friday when the NFP reading missed expectations.

AUDUSD Major Correction (May 09, 2016)

AUDUSD has been selling off in the past weeks but is currently finding support at the 50% Fibonacci retracement level on the 4-hour time frame.

Forex Major Currencies Outlook (May 06, 2016)

USD

Dollar pairs were mostly stuck in consolidation in the US trading session as traders probably lightened their positions ahead of the NFP release

GBPAUD Trend Line Test (May 06, 2016)

GBPAUD has been trending lower on the 4-hour time frame, moving below a descending trend line connecting the latest highs of price action.

Forex Major Currencies Outlook (May 05, 2016)

USD

The US dollar was able to regain ground in recent sessions, even though data from the US came in mixed

GBPUSD Uptrend Correction (May 05, 2016)

GBPUSD has been trending higher recently, moving above a rising trend line on its 4-hour time frame