Market Info

EURJPY Double Bottom Breakout (Oct 29, 2014)

The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00. 

Forex Major Currencies Outlook (October 28, 2014)

USD

The US dollar had a mixed performance recently, as it gained ground to the yen but gave up some gains to the pound and the euro. 

CADJPY Ascending Trend Channel Support (Oct 28, 2014)

CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows.

Forex Major Currencies Outlook (Oct 27, 2014)

USD

The US dollar gave back some of its recent gains on Friday as data from the US economy came in weaker than expected. 

USDCHF Retracement Play (Oct 27, 2014)

USDCHF has been in a strong climb recently, even breaking past a key resistance area around the .9500 handle. 

Forex Major Currencies Outlook (Oct 24, 2014)

USD

The US dollar moved sideways in recent trading, as major pairs were stuck at key levels. 

USDJPY Correction Over? (Oct 24, 2014)

USDJPY is stalling at an area of interest, which lines up with the 108.00 major psychological resistance level. 

Forex Major Currencies Outlook (Oct 23, 2014)

USD

The US dollar continued to assert its dominance in the forex market, as risk aversion stayed in the markets. 

NZDUSD Rising Channel Support (Oct 23, 2014)

NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. 

Forex Major Currencies Outlook (Oct 22, 2014)

USD 

The US dollar was able to bounce back against most of its forex counterparts in recent trading sessions, as US existing home sales printed stronger than expected results and risk aversion started to creep back in the markets.