Market Info

Forex Major Currencies Outlook (May 25, 2016)

USD

The US dollar returned some of its recent gains to the higher-yielding currencies when risk appetite improved. 

USDCAD Short-Term Pullback (May 25, 2016)

USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. 

Forex Major Currencies Outlook (May 24, 2016)

USD

The US dollar had a mixed performance as it reacted mostly to country-specific events. 

EURAUD Descending Triangle Resistance (May 24, 2016)

EURAUD has been climbing recently but these rallies could hit a barrier around the top of the descending triangle on its daily time frame. 

Forex Major Currencies Outlook (May 23, 2016)

USD

The US dollar stalled from its rallies earlier in the week, as traders likely lightened up on their holdings ahead of the weekend. 

EURGBP Downtrend Correction (May 23, 2016)

EURGBP recently made a break below the head and shoulders neckline support then dipped to a low of .7650.

Forex Major Currencies Outlook (May 20, 2016)

USD

The US dollar seemed tired from its climb as it barely scored gains after some FOMC members reiterated their hawkish stance.

GBPAUD Strong Uptrend (May 20, 2016)

GBPAUD has been trending higher on the 1-hour time frame, moving above an ascending trend line connecting the latest lows of price action.

Forex Major Currencies Outlook (May 19, 2016)

USD

The US dollar chalked up larger gains against its forex rivals when the FOMC minutes confirmed that some members were more optimistic about economic prospects.

GBPJPY Ascending Triangle (May 19, 2016)

GBPJPY has formed higher lows and found resistance at the 162.00 major psychological level, creating an ascending triangle pattern on its 4-hour time frame.