Market Info

AUD/JPY Double Bottom Breakout (September 4, 2013)

AUD/JPY is showing signs of a reversal from its recent downtrend as it made an upside breakout from the neckline of its double bottom pattern on the daily time frame.

Forex Major Currencies Outlook (September 3, 2013)

USD

The dollar still managed to gain against most of its major counterparts although the recent rallies seem weaker. USD/JPY broke to the upside of the symmetrical triangle on the 4-hour time frame but the pair is stalling at the previous week highs. 

USD/CHF Approaching .9400 Resistance (September 3, 2013)

Dollar strength is still dominating price action but the move might be overdone on USD/CHF pretty soon. The 4-hour time frame shows that a resistance level is just around the corner and close to the .9400 major psychological level.

Forex Major Currencies Outlook (September 2, 2013)

USD

The dollar is still reigning supreme in the markets as talks of a US military strike are still on the table. 

USDJPY Triangle Breakout (September 2, 2013)

USD/JPY has been consolidating inside a symmetrical triangle for the past few months, as seen on the 4-hour time frame. The pair just made an upside breakout earlier today, as Abe got the approval to increase corporate taxes.

Forex Major Currencies Outlook (August 30, 2013)

USD

The dollar continued to flex its muscles in yesterday’s trading, as strong US GDP was responsible for boosting the safe-haven Greenback. 

Symmetrical Triangle on USD/JPY (August 30, 2013)

On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. 

Forex Major Currencies Outlook (August 29, 2013)

USD

The dollar had a mixed performance in yesterday’s trading, although it did manage to store some gains against most of its counterparts. EUR/USD dipped to the 1.3305 area while GBP/USD traded below the 1.5500 handle briefly. 

EUR/USD Channel Breakdown (August 29, 2013)

EUR/USD’s uptrend seems to be exhausted already as the pair broke below the rising channel support on its 4-hour time frame. The strong red candle close below the 1.3300 major psychological level signifies a possible reversal, probably back to 1.3000.

Forex Major Currencies Outlook (August 28, 2013)

USD

The US dollar was still ahead of the pack in yesterday’s trading, as risk aversion stayed in the markets.