Market Info

GBP/USD Break and Retest (May 9, 2014)

After making a strong break past the 1.6800 major psychological resistance earlier in the week, GBP/USD might need to make a quick pullback before pushing for more gains. After all, the BOE interest rate decision turned out to be a non-event, with traders waiting for the minutes of the meeting before pushing the pair much higher.

Forex Major Currencies Outlook (May 8, 2014)

USD

The US dollar regained ground to most of its major counterparts in recent forex trading, as risk appetite waned.

USD/CHF Bearish Divergence (May 8, 2014)

USD/CHF has recently broken below a support zone visible on the 1-hour time frame, indicating that further losses might be in the cards. After dipping to a low of .8720, the pair has shown signs of retracing, which might offer the chance to jump in the downtrend at a better price.

Forex Major Currencies Outlook (May 7, 2014)

USD

The US dollar gave up ground to most of its major counterparts right when the London session opened yesterday and risk appetite picked up.

NZD/USD Break and Retest Setup (May 7, 2014)

NZD/USD made a strong upside break from the top of its range, which is around the .8700 major psychological resistance. This level could act as support moving forward, as it is close to the 38.2% Fibonacci retracement level.

Forex Major Currencies Outlook (May 6, 2014)

USD

The US dollar barely reacted to stronger than expected ISM non-manufacturing PMI yesterday. The index jumped from 53.1 to 55.2, surpassing the consensus at 54.3 and indicating a much stronger expansion in the services industry.

USD/CHF Countertrend Day Trade (May 6, 2014)

USD/CHF has been moving inside a falling trend channel for the past week, as dollar demand has remained weak while Swiss economic data have shown improvements. The pair just came off a test of the channel resistance and underwent a sharp selloff to the channel support.

Forex Major Currencies Outlook (May 5, 2014)

USD

The US dollar had a volatile day on Friday when the non-farm payrolls report came in stronger than expected.

NZD/USD Range Resistance Play (May 5, 2014)

NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though.

Forex Major Currencies Outlook (May 2, 2014)

USD

The US dollar failed to draw support from upbeat data in recent trading. US ISM manufacturing PMI posted a stronger than expected expansion in the industry, as the index surged from 53.7 to 54.9, outpacing the consensus at 54.3.