Market Info

Area of Interest on GBP/USD (August 28, 2013)

GBP/USD has sold off in the past few trading days, signaling that a longer-term downtrend is starting to unfold. Before that happens though, GBP/USD could still pull back to an area of interest seen on the 1-hour time frame.

Forex Major Currencies Outlook (August 27, 2013)

USD

Dollar pair movement was mostly calm at the start of trading on Monday, as there were hardly any major catalysts save for the US durable goods orders data. 

EUR/USD Uptrend Still Holding (August 27, 2013)

The ascending channel on EUR/USD’s 4-hour time frame is still pretty solid for now, as the pair just bounced off the bottom recently and is trading around the middle.

Forex Major Currencies Outlook (August 23, 2013)

USD

It’s the last day of the trading week and, with the recent price swings, it could be time for most traders to book profits at the end of the week and avoid potential weekend gaps. 

USD/CAD: Long-term Ascending Trend Line (August 23, 2013)

Despite the rise in oil prices, the Loonie is having trouble pushing past the rising trend line on its daily time frame.

Forex Major Currencies Outlook (August 22, 2013)

USD

As expected, the release of the FOMC meeting minutes did cause some waves among dollar pairs but the contents of the report didn’t contain a lot of surprises. 

GBP/JPY: Moving Sideways (August 22, 2013)

GBP/JPY’s longer-term range is still holding for now, as the pair is having trouble breaking past resistance right below the 154.00 major psychological level. Stochastic has shown a bearish divergence, hinting at a move down south.

Forex Major Currencies Outlook (August 21, 2013)

USD 

Today is a big day for the U.S. dollar as the FOMC meeting minutes are up for release. 

NZD/USD: Range Still Intact (August 21, 2013)

NZD/USD is still moving sideways lately, as resistance at the top of the range or at the .8100 major psychological level still held this week. 

Forex Major Currencies Outlook (August 20, 2013)

USD

The US dollar was off to a strong start in this Asian session, as traders booked profits off key resistance and support levels on the medium-term time frames.