Market Info

NZDUSD Range Setup (Dec 3, 2014)

NZDUSD is testing the bottom of the range forming on its 1-hour time frame, as price is finding a floor at the.

Forex Major Currencies Outlook (Dec 2, 2014)

USD

The US dollar returned some of its recent gains, mostly to the pound and the Japanese yen, even as the ISM manufacturing PMI showed stronger than expected results. 

USDJPY Uptrend to Resume? (Dec 2, 2014)

USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. 

Forex Major Currencies Outlook (Dec 1, 2014)

USD 

The US dollar regained ground to most of its forex counterparts on Friday, as traders booked profits ahead of the weekend. 

USDCHF Ascending Triangle Pattern (Dec 1, 2014)

The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. 

Forex Major Currencies Outlook (Nov 28, 2014)

USD

The US dollar regained ground to most of its major counterparts even as there were no reports out of the US economy during the Thanksgiving day holiday

USDJPY Triangle Breakout (Nov 28, 2014)

USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session. 

Forex Major Currencies Outlook (Nov 27, 2014)

USD

The US dollar didn’t fare so well in recent trading, as data from the economy came in mostly weaker than expected. 

AUDUSD Descending Trend Line (Nov 27, 2014)

AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action. 

Forex Major Currencies Outlook (Nov 26, 2014)

USD

The US dollar barely benefitted from the upgraded Q3 GDP reading from 3.5% to 3.9%, as forex pairs seemed to react to risk appetite.