Market Info

Forex Major Currencies Outlook (May 17, 2017)

USD

The US dollar gave up some ground to its peers as equity indices and bond yields slid lower on national security issues with the Trump administration.

EURJPY Uptrend Correction (May 17, 2017)

EURJPY is still trending higher and has recently broken past the resistance at the 124.50 minor psychological level.

Forex Major Currencies Outlook (May 16, 2017)

USD

The dollar was slightly weaker for the day after the Empire State manufacturing index slid from 5.2 to -1.0 instead of improving to 7.2.

NZDUSD Shallow Channel (May 16, 2017)

NZDUSD has been gaining ground recently but could be due to resume its drop as it approaches the channel resistance.

Forex Major Currencies Outlook (May 15, 2017)

USD

The dollar gave back some of its gains earlier in the week when Friday's set of reports turned out disappointing. 

AUDUSD Descending Channel (May 15, 2017)

AUDUSD has been trending lower recently and is now moving inside a descending channel on its 4-hour chart. 

Forex Major Currencies Outlook (May 12, 2017)

USD

The dollar chalked up a few wins earlier in the day but gave these back in the US session even with upbeat reports.

GBPAUD Channel Retracement (May 12, 2017)

GBPAUD is moving inside an ascending channel connecting its highs and lows since mid-April.

Forex Major Currencies Outlook (May 11, 2017)

USD

The Greenback remained mostly supported by upbeat medium-tier US data and a bit of risk aversion.

NZDUSD Long-Term Breakdown? (May 11, 2017)

NZDUSD has been trading inside what appears to be a falling wedge pattern on its daily chart. Price is currently testing support and seems to be pushing for a break lower, indicating that a steeper selloff is about to happen.