Market Info

USDJPY Potential Reversal (Oct 8, 2014)

USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. 

Forex Major Currencies Outlook (Oct 7, 2014)

USD

The US dollar gave back some of its latest wins, as traders took profits off their long dollar positions yesterday. 

EURUSD Descending Trend Line (Oct 7, 2014)

EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.

Forex Major Currencies Outlook (Oct 6, 2014)

USD

The US dollar had a strong rally on Friday, as the September NFP report churned out stronger than expected results. 

GBPUSD Consolidation Pattern (October 6, 2014)

GBPUSD has been in a steady downtrend in the past weeks, more so last Friday when the US released a strong NFP reading. 

Forex Major Currencies Outlook (Oct 1, 2014)

USD

The US dollar continued to advance against its forex counterparts, especially to the euro and the yen. 

EURJPY Moving Averages Support (Oct 1, 2014)

EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame. 

Forex Major Currencies Outlook (Sept 30, 2014)

USD

The US dollar seemed to have trouble extending its gains in the latter trading sessions, as traders started to book profits off their long positions at the end of this month and quarter. 

USDJPY Short-Term Pullback (Sept 30, 2014)

USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. 

Forex Major Currencies Outlook (Sept 29, 2014)

USD

The US dollar continued to advance against most of its major counterparts, as data from the US economy came in line with expectations.