Market Info

EURNZD Bearish Divergence (Jan 21, 2015)

EURNZD has been trading in a downtrend and is currently testing the descending trend line on its 4-hour forex chart. 

Forex Major Currencies Outlook (Jan 20, 2015)

USD

Not even the lack of top-tier data or the lower liquidity during the Martin Luther King holiday was enough to stop the Greenback from moving around the charts, as traders started positioning ahead of the major events this week. 

EURCHF Straddle Setup (Jan 20, 2015)

Last week’s SNB decision to remove the franc peg resulted to a massive rally for the Swiss currency and a 2000-pip selloff for EURCHF. 

Forex Major Currencies Outlook (Jan 19)

USD

The US dollar was in for a bit of consolidation towards the end of the week, as CPI reports came in weaker than expected. 

AUDJPY Descending Trend Line (Jan 19)

AUDJPY has been trading in a downtrend, as a descending trend line can be drawn to connect the pair’s recent highs. 

Forex Major Currencies Outlook (Jan 16, 2015)

USD

The US dollar had a volatile New York trading session as central bank announcements rocked the markets. 

NZDUSD Range Resistance (Jan 16, 2015)

NZDUSD is testing the top of the range on its 4-hour forex chart, indicating that selling pressure might return sooner or later. 

Forex Major Currencies Outlook (Jan 15, 2015)

USD

The US dollar had a mixed performance as it advanced to the yen but gave up ground to the pound. 

NZDJPY Pullback Setup (Jan 15, 2015)

NZDJPY recently broke below the bottom of the descending triangle pattern on its 4-hour time frame and is showing signs of a pullback. 

Forex Major Currencies Outlook (Jan 14, 2015)

USD

The US dollar stayed supported by risk aversion throughout the trading day as geopolitical tension and falling commodity prices kept risk-taking in check.