Market Info

Forex Major Currencies Outlook (Nov 16, 2016)

USD

The dollar extended its gains across the board on stronger than expected US retail sales. 

USDCAD Short-Term Pullback (Nov 16, 2016)

USDCAD recently broke past the 1.3500 major psychological resistance and climbed close to the 1.3600 mark before pulling back.

Forex Major Currencies Outlook (Nov 15, 2016)

USD

The US dollar continued to advance against its peers but its gains were limited, suggesting that it may have already peaked. 

USDJPY Major Correction (Nov 15, 2016)

USDJPY has completed its correction to the broken long-term trend line extending all the way back to 1998 so the reversal could resume from here. 

Forex Major Currencies Outlook (Nov 14, 2016)

USD

The US dollar closed the week on a strong note as traders continued to focus on the silver lining to Trump's election win. 

NZDUSD Long-Term Reversal? (Nov 14, 2016)

NZDUSD has been trading inside an ascending channel pattern on its daily time frame and is currently testing support at the .7100 major psychological level. 

Forex Major Currencies Outlook (Nov 11, 2016)

USD

The US dollar continued to advance against its peers as traders tried to stay optimistic about the Trump presidency. 

GBPJPY Descending Channel (Nov 11, 2016)

GBPJPY has staged a strong rally recently but is currently hitting the ceiling at the top of its descending channel pattern visible on the 4-hour chart. 

Forex Major Currencies Outlook (Nov 10, 2016)

USD 

The US dollar was off to a poor start when Trump's victory became apparent but pulled off a strong comeback during the US session as equities recovered. 

NZDUSD Uptrend Correction (Nov 10, 2016)

NZDUSD has sold off recently but appears to be approaching a rising trend line that's just forming on its 1-hour time frame.