Market Info

Forex Major Currencies Outlook (May 31, 2017)

USD

The US dollar scored a few gains when the core PCE price index printed a larger than expected 0.2% gain versus the projected 0.1% uptick.

GBPNZD Retracement Setup (May 31, 2017)

GBPNZD has sold off quite sharply recently but this dive could come to a halt as price nears an area of interest.

Forex Major Currencies Outlook (May 30, 2017)

USD

The US dollar was barely moving in recent trading sessions as traders were out enjoying Memorial Day.

EURGBP Channel Resistance (May 30, 2017)

EURGBP has been trending lower on the daily time frame and is currently testing the resistance of its descending channel.

Forex Major Currencies Outlook (May 29, 2017)

USD

The US dollar gained some support from mostly stronger than expected economic reports. 

USDCAD Retracement Setup (May 29, 2017)

USDCAD has pulled back from its rally to the 1.3785 area to test the Fibonacci retracement levels visible on its daily chart.

Forex Major Currencies Outlook (May 26, 2017)

USD

The US dollar barely established a clear direction in recent trading sessions as medium-tier reports were mixed.

Short-term Reversal on GBPAUD (May 26, 2017)

GBPAUD failed in its last two attempts to break below support around 1.7275, creating a double bottom pattern with the neckline at 1.7415.

Forex Major Currencies Outlook (May 25, 2017)

USD

The US dollar gave up ground after the May FOMC meeting minutes didn't seem as hawkish as expected.

EURAUD Ascending Channel (May 25, 2017)

EURAUD is still moving safely inside its short-term ascending channel and has recently pulled back to support again.