Market Info

Forex Major Currencies Outlook (Dec 15, 2015)

USD

The US dollar had a mixed performance, although it was generally weaker against most of its peers with traders lightening up on their long positions ahead of the FOMC statement later on.

GBPUSD Rising Wedge Pattern (Dec 15, 2015)

GBPUSD has been slowly trending higher, moving inside a rising wedge pattern visible on its 4-hour time frame.

Forex Major Currencies Outlook (Dec 11. 2015)

USD

Data from the US economy came in mixed today, as the initial jobless claims report posted a downside surprise of 282K in claimants while import prices indicated a smaller than expected 0.4% drop versus the projected 0.8% decline.

AUDUSD Broken Trend Line Retest (Dec 11. 2015)

AUDUSD recently made a strong downside break from its ascending trend line connecting the recent lows on the 4-hour time frame.

Forex Major Currencies Outlook (Dec 10, 2015)

USD

The US dollar had a mixed performance, as it gave up ground to the yen, euro, pound and Kiwi but managed to stay strong against its other rivals.

USDJPY Range Breakdown (Dec 10, 2015)

After being stuck inside a range for quite some time, USDJPY finally picked a direction and broke to the downside.

Forex Major Currencies Outlook (Dec 9, 2015)

USD

The US dollar was slightly weaker on the day, possibly due to the JOLTS job openings decline.

EURGBP Long-Term Range (Dec 9, 2015)

EURGBP recently made a strong bounce off the bottom of its long-term range at the .7000 major psychological level and appears to have enough momentum to make it back to the top.

Forex Major Currencies Outlook (Dec 8, 2015)

USD

The US dollar was able to recover at the start of the week, thanks to the downturn in commodity prices and the return in risk aversion

NZDUSD Resistance Turned Support (Dec 8, 2015)

NZDUSD has recently broken past a key resistance level at the .6600 major psychological mark then zoomed up close to the .6800 handle before showing signs of a pullback.