Market Info

GBP/JPY Double Bottom Pattern (March 21, 2014)

The short-term selloff on GBP/JPY may soon be over, as a classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame. A double bottom can be seen after the pair tested the support around 167.75 a couple of times then found resistance near 169.50.

Forex Major Currencies Outlook (March 20, 2014)

USD

The US dollar scored huge gains against its counterparts in the latest US session when Fed Chairperson Yellen took center stage.

EUR/USD Uptrend Line Bounce (March 20, 2014)

EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone.

Forex Major Currencies Outlook (March 12, 2014)

USD

The US dollar had another mixed performance in recent trading, as major pairs were mostly driven by country-specific events and couldn’t establish a clear direction because of the lack of US reports and major catalysts.

USD/JPY Resistance Turned Support (March 12, 2014)

USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month.

Forex Major Currencies Outlook (March 11, 2014)

USD

The US dollar had a mixed performance to its major currency counterparts recently as data was light in the US session. In fact, there were no major economic releases from the US.

NZD/USD Uptrend to Continue? (March 11, 2014)

NZD/USD is in a strong uptrend on its short-term time frame, boosted by rate hike expectations in this week’s RBNZ interest rate decision. Earlier today, New Zealand Prime Minister John Key remarked that rates need to return to normal levels sooner or later.

Forex Major Currencies Outlook (March 10, 2014)

USD

The US dollar gained ground against most of its major counterparts in recent trading, thanks to a stronger than expected NFP release.

USD/CAD Range Setup (March 10, 2014)

USD/CAD has been bouncing back and forth inside a 200-pip range on its short-term time frame. The pair has just tested support near the 1.1000 major psychological level and is en route to test resistance at the 1.1200 major psychological handle. Stochastic is in the overbought zone, hinting that a selloff might take place soon.

Forex Major Currencies Outlook (February 20, 2014)

USD

The US dollar made a quick rebound against most of its major currency rivals in recent trading, as the FOMC minutes showed the Fed’s commitment to carry on with their taper plans.