Market Info

Forex Major Currencies Outlook (Oct 05, 2016)

USD 

The US dollar continued to advance against its peers even though there were no major reports out of the US economy. 

USDJPY Triangle Breakout (Oct 05, 2016)

USDJPY seems to be establishing bullish momentum as price started to break above the descending triangle resistance visible on its 4-hour chart. 

Forex Major Currencies Outlook (Oct 04, 2016)

USD

The US dollar was able to get a boost from upbeat ISM manufacturing PMI data, as the reading rose from 49.4 to 51.5 to reflect a return to industry expansion. 

GBPJPY Triangle Support (Oct 04, 2016)

GBPJPY has been selling off recently but is currently testing support at the descending triangle pattern visible on its 4-hour chart. 

Forex Major Currencies Outlook (Oct 03, 2016)

USD

The US dollar struggled to find a clear direction on Friday and took a bit of a hit on profit-taking at the end of the month and quarter.

NZDUSD Descending Triangle (Oct 03, 2016)

NZDUSD has formed lower highs and found support at the .7240 area, creating a descending triangle on its 4-hour time frame. 

Forex Major Currencies Outlook (Sep 30, 2016)

USD

The US dollar had a mixed performance, although it was mostly stronger across the board when risk aversion picked up.

EURAUD Channel Break Correction (Sep 30, 2016)

EURAUD was previously trading inside an ascending channel on its 4-hour time frame before breaking lower and showing that a reversal is due.

Forex Major Currencies Outlook (Sep 29, 2016)

USD

The US dollar had a mixed performance as the slightly stronger than expected durable goods orders figures weren't enough to trigger a strong boost. 

USDCAD Reversal Pattern (Sep 29, 2016)

USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark.