Market Info

Forex Major Currencies Outlook (Oct 9,2015)

USD

The US dollar gave up ground once more, as the FOMC minutes seemed less hawkish than expected.

GBPUSD Descending Channel (Oct 9, 2015)

GBPUSD is starting a downtrend on its short-term time frames, as a descending channel is forming on its 1-hour forex chart.

Forex Major Currencies Outlook (Oct 8,2015)

The US dollar had a mixed performance once more, as it gave up ground to most of its forex peers but advanced to the euro and the franc

EURUSD Rising Wedge Formation (Oct 8, 2015)

EURUSD is slowly grinding higher moving inside a rising wedge formation on its 1-hour time frame.

Forex Major Currencies Outlook (Oct 7, 2015)

USD

The US dollar reacted mostly to risk sentiment and continued to weaken against its forex rivals, as data from the economy simply came in line with expectations.

GBPJPY Long-Term Ascending Channel (Oct 7, 2015)

Even though GBPJPY suffered a sharp selloff in the past few weeks, the longer-term uptrend on its daily chart is still intact for now.

Forex Major Currencies Outlook (Oct 6, 2015)

USD

The dollar had a mixed performance against its peers, although it was generally weaker due to the downbeat NFP release last week.

EURCHF Symmetrical Triangle (Oct 6, 2015)

EURCHF has been forming lower highs and higher lows, creating a symmetrical triangle pattern o its 1-hour chart.

Forex Major Currencies Outlook (Oct 5, 2015)

USD

The US dollar sold off sharply against its forex rivals when the NFP report came in way below expectations. 

AUDUSD Rising Channel (Oct 5, 2015)

AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart.