Market Info

Forex Major Currencies Outlook (Feb 4, 2016)

USD

The US dollar suffered a sharp selloff during the New York session as data came in mixed and Fed official Dudley said that the currency's appreciation might be damaging to the economy. 

EURGBP Range Retracement (Feb 4, 2016)

EURGBP recently broke to the upside of its long-term range pattern visible on the daily time frame then zoomed up to the .7750 minor psychological level before showing signs of a pullback. 

Forex Major Currencies Outlook (Feb 3, 2016)

USD

The US dollar had a mixed performance in recent trading sessions, as it advanced to the commodity currencies but retreated to the yen and European currencies. 

EURUSD Potential Breakout (Feb 3, 2016)

EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame. 

Forex Major Currencies Outlook (Feb 2, 2016)

USD

The US dollar was weighed down by weak data and dovish Fed rhetoric. US personal spending was flat in December even while personal income rose by 0.3%. 

EURGBP Descending Triangle (Feb 2, 2016)

EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame. 

Forex Major Currencies Outlook (Feb 01, 2016)

USD

The US dollar had a mixed performance as it advanced to the yen, euro, and pound but gave up ground to the commodity currencies. 

GBPUSD Trend Line Pullback (Feb 01, 2016)

GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame. 

Forex Major Currencies Outlook (Jan 29, 2016)

USD

The US dollar gave up more ground to its peers when US data came in mostly weaker than expected.

NZDUSD Triangle Formation (Jan 29, 2016)

NZDUSD has formed higher lows and lower highs on its 1-hour time frame, creating a symmetrical triangle formation.