Market Info

AUD/JPY Uptrend to Resume? (May 23, 2014)

AUD/JPY has been forming a rising channel on its daily time frame, indicating that the longer-term uptrend is still valid. The pair is even finding support at the middle of the channel and might be headed back for the top around the 97.00 levels.

Forex Major Currencies Outlook (May 22, 2014)

USD

The US dollar barely reacted to the minutes of the latest FOMC meeting, as the report revealed nothing new.

NZD/USD Support at .8550 (May 22, 2014)

After that strong selloff in the past few trading days, NZD/USD is now finding support at the .8550 minor psychological level. This has acted as a floor for price drops in the past and might hold again.

Forex Major Currencies Outlook (May 21, 2014)

USD

The US dollar drew support from risk aversion in yesterday’s trading sessions, as the declaration of martial law in Thailand brought geopolitical risk back in the mix.

GBP/AUD Double Bottom (May 21, 2014)

GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at the pattern’s neckline around 1.8250.

Forex Major Currencies Outlook (May 20, 2014)

USD

 The US dollar showed signs of strength in the past few trading hours as risk aversion gripped the financial markets once more.

AUD/USD Ready for Trend Line Break? (May 20, 2014)

AUD/USD has been on a steady uptrend, as seen on the 4-hour time frame, but it appears that the rally is slowing down. The pair has formed lower highs from April to May, indicating that sellers are becoming more aggressive.

Forex Major Currencies Outlook (May 19, 2014)

USD

The US dollar had a mixed performance on Friday, as the lower-yielding currency simply reacted to currency-specific events.

USD/JPY Long-Term Triangle Pattern (May 19, 2014)

USD/JPY has been consolidating tighter and tighter inside a descending triangle chart pattern on its daily time frame. This suggests that sellers are trying to push the pair lower but that buyers just won’t let up.

Forex Major Currencies Outlook (May 16, 2014)

USD

Data from the US economy came in mixed yesterday, with manufacturing indices printing stronger than expected results and industrial production data coming in short.