Market Info

Forex Major Currencies Outlook (Oct 19, 2017)

USD 

The US dollar was able to brush off downbeat housing market data as traders were already aware that these were skewed by the recent hurricanes.

EURAUD Triangle Break and Retest (Oct 19, 2017)

EURAUD recently broke out of its symmetrical triangle formation on the daily time frame to indicate that bullish momentum is getting stronger.

Forex Major Currencies Outlook (Oct 18, 2017)

USD 

The US dollar managed to stay afloat thanks to mostly upbeat medium-tier data and positive Fed rhetoric.

USDCAD Reversal Pattern (Oct 18, 2017)

USDCAD previously broke below its ascending channel formation then pulled up for a retest, creating a head and shoulders pattern visible on the 4-hour time frame.

Forex Major Currencies Outlook (Oct 17, 2017)

USD 

The US dollar got a bit of reprieve when it was reported that Trump was impressed by his meeting with John Taylor, another potential candidate for Fed Chairmanship.

EURUSD Potential Reversal Formation (Oct 17, 2017)

EURUSD is in the process of forming a head and shoulders pattern on its daily time frame as it completes the right shoulder.

Forex Major Currencies Outlook (October 16, 2017)

USD

The US dollar took a huge hit on Friday when economic data came in mostly weaker than expected. 

NZDUSD Neckline Retest (October 16, 2017)

NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. 

Forex Major Currencies Outlook (Oct 13, 2017)

USD 

The US dollar was barely able to establish a clear direction even as data was mostly stronger than expected.

EURJPY Short-Term Correction Setup (Oct 13, 2017)

EURJPY previously broke past the resistance at the 132.50 to 133.00 levels then zoomed up to a high of 133.46.