Market Info

GBP/AUD Momentum Play to Range Resistance (June 13, 2014)

Thanks to BOE Governor Carney’s hints that the UK central bank is looking to hike interest rates earlier than markets expect, GBP/AUD has made a strong convincing bounce off the range support visible on its 4-hour forex chart.

Forex Major Currencies Outlook (June 12, 2014)

USD

The US dollar struggled to extend its rallies in the latest trading sessions, as data from the US economy simply came in line with expectations.

AUD/USD Simple Range Play (June 12, 2014)

AUD/USD is finding resistance at the top of its range, visible on the 4-hour forex time frame. At the same time, stochastic is moving down, which means that there’s enough selling pressure to push price down.

Forex Major Currencies Outlook (June 11, 2014)

USD

The US dollar dominated in recent forex trading sessions, particularly against the euro and the pound.

USD/CAD Selling Momentum (June 11, 2014)

USDCAD is still trading inside the rising channel on its 1-hour time frame and may be ready to resume the climb if it finds support at the bottom of the channel near the 1.0850 minor psychological level.

Forex Major Currencies Outlook (June 10, 2014)

USD
The US dollar regained strength against the euro and Swiss franc in yesterday’s trading sessions but it lost ground to the yen and Aussie then consolidated to the pound.

GBP/JPY Range Setup (June 10, 2014)

GBP/JPY has been moving inside a range for more than a couple of months already and it looks like the pair is gearing up for a test of resistance at the 173.00 major psychological handle. A strong selloff from this area could lead to a test of support at the 170.00 mark.

Forex Major Currencies Outlook (June 9, 2014)

USD

The US non-farm payrolls figure came in close to expectations as it posted a 217,000 gain in hiring versus the estimated 214,000 increase.

USD/CHF Channel Break and Retest? (June 9, 2014)

USD/CHF has been trading inside a rising channel for nearly a month before the ECB rate decision last week triggered a sharp break lower. Since then price has made a decent correction close to the bottom of the channel.

Forex Major Currencies Outlook (June 6, 2014)

USD

The US dollar had a mixed performance as it had a volatile day against the euro but managed to make some corrections in its movement against the rest of the major currencies.