Market Info

Forex Major Currencies Outlook (Oct 16, 2015)

USD

The US dollar bounced back against its forex counterparts yesterday, thanks to upbeat CPI data. 

USDJPY Correction Setup (Oct 16, 2015)

USDJPY previously made a downside break from a tight consolidation pattern, signaling further downside momentum. 

Forex Major Currencies Outlook (Oct 15, 2015)

USD

The US dollar gave up a lot of ground to its forex counterparts in recent trading sessions, spurred mostly by disappointing retail sales data.

EURGBP Rising Wedge (Oct 15, 2015)

EURGBP has been moving steadily higher but is still inside a rising wedge consolidation pattern.

Forex Major Currencies Outlook (Oct 14, 2015)

USD

The US dollar had a mixed performance as it acted mostly as a counter currency in recent trading sessions. 

EURJPY Symmetrical Triangle (Oct 14, 2015)

EURJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour chart. 

Forex Major Currencies Outlook (Oct 13, 2015)

USD

The absence of US traders kept the dollar on weak footing, as traders continued to price in weaker odds of a Fed liftoff before the end of the year. 

CHFJPY Trend Setup (Oct 13, 2015)

CHF has slowly been trending higher on its 1-hour chart, as the recent lows of price action can be connected by an ascending trend line.

Forex Major Currencies Outlook (Oct 12, 2015)

USD

The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy. 

USDCHF Channel Support (Oct 12, 2015)

USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support.