Market Info

AUDUSD Descending Trend Line (Feb 4, 2015)

Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD. 

Forex Major Currencies Outlook (Feb 3, 2015)

USD 

The US dollar had a mixed performance in recent trading, as traders are hesitating to take huge positions ahead of the top-tier releases this week. 

EURNZD Countertrend Setup (Feb 3, 2015)

EURNZD is forming a rising channel on its 1-hour time frame but seems prime for a countertrend play, as price is testing the range resistance. 

Forex Major Currencies Outlook (Feb 2, 2015)

USD

The US dollar returned some of its recent gains last Friday when the US advanced GDP reading came in below expectations. 

EURJPY Short-Term Range (Feb 2, 2015)

EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00. 

Forex Major Currencies Outlook (Jan 30, 2015)

USD

The US dollar was able to advance against most of its forex counterparts when risk aversion extended its stay in the currency market. 

USDJPY Long-Term Triangle (Jan 30, 2015)

USDJPY has been trading inside a descending triangle pattern on its 4-hour time frame, with price hovering around the resistance. 

Forex Major Currencies Outlook (Jan 29, 2015)

USD

The US dollar regained ground against its forex rivals when the FOMC sounded a little more upbeat than usual. 

EURNZD Inverse Head and Shoulders (Jan 29, 2015)

EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. 

Forex Major Currencies Outlook (Jan 28, 2015)

USD

The US dollar gave up ground to its major counterparts in recent trading, as traders booked profits off their trades ahead of the FOMC statement today.