Market Info

Forex Major Currencies Outlook (Nov 23, 2015)

USD 

The US dollar rebounded against its forex rivals on Friday, recovering back to its weekly highs against most of its counterparts.

GBPJPY Ascending Channel (Nov 23, 2015)

GBPJPY has been moving on an uptrend on its 4-hour time frame, with an ascending channel connecting the latest highs and lows of price action.

Forex Major Currencies Outlook (Nov 20, 2015)

USD

The US dollar continued to give up ground to its peers even though the FOMC minutes pretty much sealed the deal for a December liftoff.

NZDUSD Retracement Setup (Nov 20, 2015)

NZDUSD has been trending lower across most time frames but is showing signs of a large pullback from its latest drop.

Forex Major Currencies Outlook (Nov 19, 2015)

USD

The FOMC minutes confirmed the likelihood of a Fed rate hike in December but the dollar barely advanced after the release, as expectations have been priced in for quite some time already.

EURUSD Signs of Retracement (Nov 19, 2015)

EURUSD has been on a steady downtrend, barely showing any signs of a pullback until recently.

Forex Major Currencies Outlook (Nov 18, 2015)

USD

The US dollar was directionless in recent trading sessions, as mixed reports and the looming release of the FOMC minutes prevented traders from taking on large positions. 

AUDUSD Descending Channel (Nov 18, 2015)

AUDUSD has been trending lower on its 1-hour forex chart, moving inside a descending channel connecting the highs and lows of price action since last month. 

Forex Major Currencies Outlook (Nov 17, 2015)

USD

The US dollar was off to a slow start in the week but soon regained ground as risk aversion set in. US equities were able to recover from their Friday slump, adding further support for the US currency. 

GBPUSD Consolidation Ahead of CPI (Nov 17, 2015)

GBPUSD is consolidating tightly in a symmetrical triangle pattern visible on a short-term time frame, just below an area of interest indicated on the 4-hour time frame.