Market Info

Forex Major Currencies Outlook (Jan 21, 2016)

USD

The US dollar had a pretty volatile day, as it benefitted from risk aversion in the earlier trading sessions but gave up most of its gains later on. 

GBPJPY Retracement Setup (Jan 21, 2016)

GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action.

Forex Major Currencies Outlook (Jan 20, 2016)

USD

The US dollar was off to a weak start when risk-taking took place but soon regained the top spot when the market mood turned sour. 

GBPAUD Breakdown and Pullback (Jan 20, 2016)

GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower. 

Forex Major Currencies Outlook (Jan 19, 2016)

USD 

The US dollar had a pretty quiet trading day since there were no major reports released and traders were off on a holiday. 

GBPAUD Symmetrical Triangle (Jan 19, 2016)

GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame. 

Forex Major Currencies Outlook (Jan 18, 2016)

USD

US economic data came in mixed last Friday, although the numbers were mostly weaker than expected. 

AUDUSD Simple Correction (Jan 18, 2016)

AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000. 

Forex Major Currencies Outlook (Jan 15, 2016)

USD

The US dollar had a generally stronger performance throughout the day, especially after US equities kicked off the session with a strong start.

EURGBP Ascending Channel (Jan 15, 2016)

EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play.