Market Info

Forex Major Currencies Outlook (Feb 22, 2017)

USD

The US dollar was mostly stuck in consolidation against its peers as downbeat medium-tier data cast doubts on a March rate hike.

EURGBP Head and Shoulders (Feb 22, 2017)

EURGBP formed a long-term reversal pattern visible on its daily time frame, signaling that price is done with its climb and that a selloff could be due. 

Forex Major Currencies Outlook (Feb 21, 2017)

USD

The US dollar was able to rake in some gains even though traders were out on a Presidents' Day holiday yesterday. 

GBPUSD Descending Triangle (Feb 21, 2017)

GBPUSD formed lower highs and found support at the 1.2400 major psychological level recently, creating a descending triangle chart pattern. 

Forex Major Currencies Outlook (Feb 20, 2017)

USD 

The US dollar was mostly stronger on Friday but it gave up ground to the Japanese yen. 

USDJPY Broken Channel Correction (Feb 20, 2017)

USDJPY recently broke above its descending channel visible on the 1-hour time frame, indicating that it's done with its downtrend. 

Forex Major Currencies Outlook (Feb 17, 2017)

USD 

The US dollar was still mostly weaker against its peers but it managed to advance against commodity currencies.

EURAUD Downtrend Pullback (Feb 17, 2017)

EURAUD has been trending lower and has recently broken below support around the 1.3800-1.3850 area. 

Forex Major Currencies Outlook (Feb 16, 2017)

USD

The US dollar gave back some of its recent gains when Fed head Yellen sounded less upbeat in her second testimony. 

AUDUSD Countertrend Play (Feb 16, 2017)

AUDUSd has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart.