Market Info

Forex Major Currencies Outlook (May 03, 2017)

USD

The US dollar chalked up a mixed performance on the lack of top-tier data from the US. 

EURJPY Potential Breakout (May 03, 2017)

EURJPY has formed higher lows and higher highs, creating a rising wedge formation on its 1-hour time frame. 

Forex Major Currencies Outlook (May 02, 2017)

USD

The US dollar was unable to establish a clear direction in recent trading as the latest batch of reports fell short of estimates.

GBPAUD Double Bottom Breakout (May 02, 2017)

GBPAUD recently broke to the upside from a symmetrical triangle formation and is now breaking past a double bottom neckline around 1.7100. 

Forex Major Currencies Outlook (May 01, 2017)

USD

The US dollar was mostly stronger against its rivals on Friday even after the US advanced GDP reading turned out weaker than expected.

EURAUD Countertrend Setup (May 01, 2017)

EURAUD has been trending higher recently but profit-taking could happen as the pair is testing the top of its ascending channel on the 4-hour chart.

Forex Major Currencies Outlook (Apr 28, 2017)

USD

The dollar had a mixed performance as it mostly reacted to currency-specific events.

USDJPY Downtrend Pullback (Apr 28, 2017)

USDJPY has been on a climb recently but zooming out to the longer-term charts shows that it's still on a downtrend.

Forex Major Currencies Outlook (Apr 27, 2017)

USD

The dollar had a volatile run during the release of the Trump administration's tax reform plan but ended the day mostly unchanged.

USDCAD Uptrend Pullback (Apr 27, 2017)

USDCAD has formed higher lows on its 4-hour time frame, moving above a new ascending trend line connecting the lows since mid-February.