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Forex Major Currencies Outlook (July 3, 2014)

USD

The US dollar found its legs in yesterday’s trading session when US data came in mostly in line with expectations.

USD/CHF Trend Correction (July 3, 2014)

USD/CHF has been in a sharp selloff for the past couple of weeks, mostly due to US dollar weakness. However price has started pulling up after dipping close to the .8850 minor psychological support.

Forex Major Currencies Outlook (July 2, 2014)

USD

The US dollar had another weak run in the latest trading session, as risk appetite picked up at the start of the new trading month and quarter.

AUD/USD Channel Bounce? (July 2, 2014)

The rising channel on AUD/USD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel. At the same time, stochastic is moving down from the overbought zone, indicating enough selling momentum to take the pair lower in the short-term.

Forex Major Currencies Outlook (July 1, 2014)

USD

The US dollar lost a lot of ground to its forex counterparts at the end of the month and quarter, despite mixed economic data.

EUR/AUD Trend Line Test (July 1, 2014)

The downtrend of EUR/AUD is still intact, as the pair is trading below a falling trend line on its 4-hour time frame. However, the upcoming events this week could be crucial in determining whether this trend will carry on or not.

Forex Major Currencies Outlook (June 30, 2014)

USD

The US dollar had a strong run on Friday, as data from the US economy came in mostly better than expected and traders booked profits off their dollar short positions.

GBP/AUD Descending Triangle Pattern (June 30, 2014)

GBP/AUD is consolidating inside a descending triangle pattern, showing a potential range play for short-term traders or a possible breakout and longer-term bias for swing traders.

Forex Major Currencies Outlook (June 26, 2014)

USD

The US dollar suffered huge losses to most of its major counterparts in recent trading, as the GDP reading was downgraded to show a 2.9% contraction.

USD/JPY Symmetrical Triangle Breakout (June 26, 2014)

USD/JPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair. However, the bleak US GDP release has resulted in a sharp downside break from triangle support and indicated that the next trend could be downward.

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