Market Info

Forex Major Currencies Outlook (June 3, 2015)

USD

The US dollar gave up a lot of ground in yesterday’s trading sessions when risk appetite picked up on news that the EU and IMF have come up with a debt deal for Greece. 

EURUSD Market Correction (June 3, 2015)

EURUSD recently pulled up from its sharp dive below the 1.1150 minor psychological level onto the 1.0800 area, creating a corrective wave on its 4-hour forex chart. 

Forex Major Currencies Outlook (June 2, 2015)

USD

The US dollar continued to advance against most of its currency counterparts when risk aversion popped its head in the financial markets at the start of the week. 

EURAUD Long-Term Reversal (June 2, 2015)

EURAUD seems to be completing a complex double bottom pattern on its daily chart, with price currently testing the neckline around the 1.4400 major psychological mark. 

Forex Major Currencies Outlook (June 1, 2015)

USD

The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month. 

GBPUSD Short-Term Trend Channel (June 1, 2015)

The US dollar continued to advance against its forex counterparts at the end of the week, despite the profit-taking activity that occurred towards the end of the month

Forex Major Currencies Outlook (May 29)

USD

The US dollar returned some of its recent gains when data from the economy came in mixed yesterday. 

GBPNZD Rising Wedge (May 29, 2015)

GBPNZD has been treading higher on its short-term time frames, creating a rising wedge pattern on its 1-hour chart. 

Forex Major Currencies Outlook (May 28, 2015)

USD

The US dollar continued to advance against its currency counterparts, most notably the yen and the Canadian dollar, even though there were no economic reports released from the US. 

USDCAD Support Turned Resistance (May 28, 2015)

USDCAD has been climbing since the middle of the month but may be due to head south again, as the pair is hitting an area of interest.