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Forex Major Currencies Outlook (May 15, 2013)


The U.S. dollar continued to advance against its major currency counterparts in yesterday’s trading session as the upbeat monetary policy expectations from the Fed provide support for the Greenback. 

EUR/USD Daily Reversal Chart Patterns (May 15, 2013)

Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and daily charts.

Forex Major Currencies Outlook (May 14, 2013)


Dollar strength is still in vogue today as the latest U.S. retail sales release somewhat came in line with consensus

NZD/USD Retracement to Former Support (May 14, 2013)

NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market. 

Forex Major Currencies Outlook (May 13, 2013)


The US dollar got a strong boost from the Fed’s announcement of their concrete plans to exit their open-ended asset purchase program. 

GBP/USD Rising Channel Still Intact (May 13, 2013)

GBP/USD had a strong selloff towards the end of the previous week when the U.S. 

Forex Major Currencies Outlook (May 10, 2013)


The U.S. dollar gained a lot of ground against its major counterparts in yesterday’s trading, despite the lack of top-tier data from most major economies.

AUD/USD Breaks Key 1.0200 Support (May 10, 2013)

After several failed attempts in the past few months, AUD/USD finally made a convincing break below the 1.0200 major psychological level in yesterday’s trading.

Forex Major Currencies Outlook (May 9, 2013)


The Greenback weakened against most of its major currency counterparts in yesterday’s trading as risk appetite generally improved. 

NZD/USD: Break and Retest Scenario (May 9, 2013)

NZD/USD just broke below the .8500 major psychological support level recently, mostly because of the downturn in risk appetite. 

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