Market Info

Forex Major Currencies Outlook (Apr 05, 2017)

USD

The US dollar had a mixed performance as it weakened to the yen but consolidated against most of its counterparts.

USDCAD Resistance Turned Support (Apr 05, 2017)

USDCAD recently broke out of its range and reached the 1.3450 minor psychological resistance before pulling back down to the broken resistance.

Forex Major Currencies Outlook (Apr 04, 2017)

USD

The US dollar was mostly confined to ranges at the start of the week but gave up ground to the yen on weaker bond yields.

USDCAD Short-Term Range (Apr 04, 2017)

USDCAD has been moving sideways on its 1-hour time frame, bouncing off support at the 1.3285 area and resistance at 1.3400.

Forex Major Currencies Outlook (Apr 03, 2017)

USD

The US dollar returned most of its recent gains to its forex counterparts as economic data turned out mixed.

EURJPY Long-Term Downtrend? (Apr 03, 2017)

EURJPY failed in its last few attempts to break past the 123.00 area, creating a double top formation on its 4-hour chart.

Forex Major Currencies Outlook (Mar 31, 2017)

USD

The US dollar regained a lot of ground after the final Q4 GDP reading was upgraded from 2.0% to 2.1% on stronger consumer spending and a couple more FOMC members supported the likelihood of seeing three rate hikes this year, allowing the Nasdaq to hit a record high as well.

EURUSD Long-Term Channel (Mar 31, 2017)

EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame.

Forex Major Currencies Outlook (Mar 30, 2017)

USD

Dollar pairs were moving mostly sideways in the past few trading session as traders were on edge with the Brexit developments in Europe.

GBPJPY Descending Channel (Mar 30, 2017)

GBPJPY continues to trend lower and is moving inside a descending channel on its 4-hour chart.