Market Info

Forex Major Currencies Outlook (March 28, 2014)

USD

The US dollar continued to bleed to the pound and the commodity currencies, as data from the US failed to give the currency any support.

CAD/JPY Triple Bottom (March 28, 2014)

After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off the 91.00 major psychological support.

Forex Major Currencies Outlook (March 27, 2014)

USD

The US dollar was unable to benefit from stronger than expected US economic data, as the lower-yielding currency still lost ground despite the 2.2% jump in headline durable goods orders.

GBP/USD Long-Term Uptrend (March 27, 2014)

GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame. This suggests that bulls are back in action and are ready to push the pair back to its recent highs.

Forex Major Currencies Outlook (March 26, 2014)

USD

The US dollar had a mixed performance to its counterparts, as it failed to draw strong support from economic data.

USD/CAD Triangle Pullback (March 26, 2014)

USD/CAD recently broke above a triangle pattern on its 4-hour time frame, suggesting that the uptrend is ready to resume. This breakout was sparked by comments from BOC Governor Poloz, suggesting that a rate cut might be in the cards.

Forex Major Currencies Outlook (March 25, 2014)

USD

The US dollar gave up some ground to its major counterparts in recent trading, pushing EUR/USD back above the 1.3800 mark.

NZD/USD Uptrend To Resume? (March 25, 2014)

NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near term despite remarks from Finance Minister English regarding potential Kiwi depreciation.

Forex Major Currencies Outlook (March 24, 2014)

USD

The US dollar let go of some of its recent gains on Friday as most traders booked profits off key levels.

EUR/USD Channel Support Retest (March 24, 2014)

EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level. This could be indicative of more losses for the pair, but a quick retracement might take place before the selloff carries on.