Market Info

Forex Major Currencies Outlook (July 31, 2015)

USD

The US dollar gave up some of its gains when the US advanced GDP reading missed expectations. 

AUDUSD Downtrend Reversal (July 31, 2015)

AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff.

Forex Major Currencies Outlook (July 30, 2015)

USD

The US dollar had a volatile time during the FOMC statement but generally ended higher against its currency counterparts. 

EURCHF Breakout Correction (July 30, 2015)

 EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support. 

Forex Major Currencies Outlook (July 29, 2015)

USD

The dollar was hit by profit-taking activity in yesterday’s US trading session, with traders closing off their long positions ahead of the FOMC statement today. 

EURAUD Uptrend Line (July 29, 2015)

EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows. 

Forex Major Currencies Outlook (July 28, 2015)

USD

The US dollar was in a weak spot recently, despite stronger than expected data from the economy. 

GBPAUD Correction Setup (July 28, 2015)

GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart. 

Forex Major Currencies Outlook (July 27, 2015)

USD

The US dollar was in for a weak start this week since traders seem to be reducing their exposure ahead of the top-tier events later on.

USDCAD Short-Term Pullback (July 27, 2015)

USDCAD recently made a strong rally past a key resistance area around 1.3000 and is currently retreating to that level at the start of the week.