Market Info

GBP/USD Trend Line Break and Retest (May 17, 2013)

GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.

Forex Major Currencies Outlook (May 16, 2013)

USD

The U.S. dollar retreated against most of its major counterparts in yesterday’s New York session, as weak economic figures put a cap on its recent rallies. 

USD/JPY: Chance to Join the Rally? (May 16, 2013)

USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78.

Forex Major Currencies Outlook (May 15, 2013)

USD 

The U.S. dollar continued to advance against its major currency counterparts in yesterday’s trading session as the upbeat monetary policy expectations from the Fed provide support for the Greenback. 

EUR/USD Daily Reversal Chart Patterns (May 15, 2013)

Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and daily charts.

Forex Major Currencies Outlook (May 14, 2013)

USD

Dollar strength is still in vogue today as the latest U.S. retail sales release somewhat came in line with consensus

NZD/USD Retracement to Former Support (May 14, 2013)

NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market. 

Forex Major Currencies Outlook (May 13, 2013)

USD

The US dollar got a strong boost from the Fed’s announcement of their concrete plans to exit their open-ended asset purchase program. 

GBP/USD Rising Channel Still Intact (May 13, 2013)

GBP/USD had a strong selloff towards the end of the previous week when the U.S. 

Forex Major Currencies Outlook (May 10, 2013)

USD

The U.S. dollar gained a lot of ground against its major counterparts in yesterday’s trading, despite the lack of top-tier data from most major economies.