Market Info

Forex Major Currencies Outlook (Aug 14, 2015)

USD

The US dollar regained ground in recent trading, as risk aversion seemed to set in the financial markets. 

GBPCAD Trend Line Bounce (Aug 14, 2015)

GBPCAD is currently on a strong uptrend and has just pulled back to the rising trend line support visible on the 4-hour time frame. 

Forex Major Currencies Outlook (Aug 13, 2015)

USD

The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements. 

USDCHF Rising Channel (Aug 13, 2015)

USDCHF is still trending higher on its 4-hour chart, as the price dropped to the bottom of the rising channel then bounced off support. 

Forex Major Currencies Outlook (Aug 12, 2015)

USD 

The US dollar took advantage of the run in risk aversion in recent trading sessions, after the Chinese central bank announced a devaluation of its currency. 

NZDUSD Triangle Breakdown (Aug 12, 2015)

NZDUSD broke below the triangle support on its 1-hour forex time frame, indicating that further losses are possible. 

Forex Major Currencies Outlook (Aug 11, 2015)

USD

The US dollar gave up ground in yesterday’s trading sessions when the labor market index fell from 1.4 to 1.1, leading some traders to pare expectations on a Fed rate hike this September. 

AUDCAD Retracement Setup (Aug 11, 2015)

AUDCAD recently broke past a consolidation pattern on its long-term time frames and is currently making a pullback. 

Forex Major Currencies Outlook (Aug 10, 2015)

USD

The US dollar had a volatile trading run on Friday, as the NFP report came in slightly weaker than expected. 

AUDUSD Inverse Head and Shoulders (Aug 10, 2015)

AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame.