Market Info

EUR/USD Retracement Setup (June 25, 2013)

There’s a potential retracement on EUR/USD’s 4-hour time frame prior to the release of US data in today’s New York session. 

Forex Major Currencies Outlook (June 24, 2013)

Dollar bulls kept charging until the end of the week, spurred by the Fed’s recent announcement regarding its plan to reduce bond purchases by the end of the year. 

USD/CHF Inverse Head and Shoulders (June 24, 2013)

After breaking above the falling trend line on its 1-hour and 4-hour time frames, USD/CHF has made another signal that a reversal could take place.

Forex Major Currencies Outlook (June 21, 2013)

USD

The U.S. dollar continued its winning streak against its major currency rivals, as the U.S. data came in mostly better than consensus. 

USD/CAD Potential Breakout (June 21, 2013)

On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. 

Forex Major Currencies Outlook (June 20, 2013)

USD

The U.S. dollar was the king of the hill in yesterday’s trading as it rallied strongly against its major counterparts. 

Forex Major Currencies Outlook (June 5, 2013)

USD

The U.S. dollar had a mixed day in the markets, as it managed to rally against the commodity currencies and the yen but held steady against most European currencies. 

CAD/JPY Rising Channel (June 5, 2013)

The uptrend of CAD/JPY still seems to be intact as the pair is testing the bottom of the ascending channel on the 4-hour time frame. This area is also around the 96.00 major psychological support.

Forex Major Currencies Outlook (June 4, 2013)

USD

The U.S. dollar suffered a sharp selloff in yesterday’s trading when the ISM manufacturing PMI came in worse than expected. 

USD/JPY Testing Former 99.50 Resistance (June 4, 2013)

USD/JPY kept selling off in the past few trading days as the Nikkei stock index posted sharp declines. This was enough to push USD/JPY back down from the 103.75 area to 99.50.