Market Info

Forex Major Currencies Outlook (April 25, 2014)

USD

The US economy released mixed economic reports in yesterday’s New York trading session, printing stronger than expected durable goods orders figures while showing a weak initial jobless claims reading.

CAD/JPY Short-Term Channel Bounce (April 25, 2014)

CAD/JPY is in a short-term uptrend, as seen on the channel connecting the highs and lows of price action on the 1-hour time frame. In fact, the pair just came off a test of the channel support and bounced but it is finding resistance at the 93.00 major psychological level.

Forex Major Currencies Outlook (April 24, 2014)

USD

Despite weaker than expected US economic data, the US dollar managed to score gains against most of its major currency counterparts.

AUD/USD Rising Trend Line Bounce (April 24, 2014)

AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to connect the lows of the price since mid-January this year.

Forex Major Currencies Outlook (April 23, 2014)

USD

The US dollar lost a bit of ground to some of its major counterparts in recent trading as risk sentiment improved in the markets.

USD/CAD Trend Line Retest (April 23, 2014)

USD/CAD recently broke below a rising trend line on its 4-hour time frame, thanks to weak US non-farm payrolls data and a downbeat FOMC meeting minutes release. However, the pair is showing signs of exhaustion from the selloff and may be ready to make a quick retracement before resuming its drop.

Forex Major Currencies Outlook (April 22, 2014)

USD

Volatility is expected to pick up in today’s trading sessions, after the snoozer on Monday’s trading.

USD/JPY Rising Channel Pattern (April 22, 2014)

USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may indicate weakening buying momentum in the near term.

Forex Major Currencies Outlook (April 21, 2014)

USD

Trading among dollar pairs has been relatively subdued in the past days, as traders were off on a holiday.

AUD/NZD Reversal Chart Pattern (April 21, 2014)

A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break past the neckline of the formation around the 1.0900 major psychological resistance.