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Forex Major Currencies Outlook (March 19, 2013)

USD: Bullish

Weekend gaps on most dollar pairs seem to have been filled at the moment, except for the large one on EUR/USD. 

Pennant on GBP/USD (March 19, 2013)

After its strong rally towards the end of last week, GBP/USD consolidated tightly in a pennant formation during yesterday’s trading. 

Forex Major Currencies Outlook (March 18, 2013)

USD: Bearish

Several weekend gaps were made after the short squeeze took place last week as most major currency pairs opened right where they were prior to the profit-taking on Thursday and Friday. 

EUR/USD Weekend Gap Play

EUR/USD made a huge gap down from the 1.3100 area to below 1.3000 over the weekend. 

Forex Major Currencies Outlook (March 15, 2013)

USD: Neutral

The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD.

EUR/USD: 4-hour Falling Channel Holding? (March 15, 2013)

After yesterday’s short squeeze on EUR/USD, which pushed the pair back above the 1.3000 major psychological support level, many are wondering if the rally of this pair would actually last. 

Forex Major Currencies Outlook (March 14, 2013)

USD: Bullish

The U.S. dollar once again found support from stronger than expected economic data during yesterday’s trading. 

NZD/USD Breaks Below .8200 Level (March 14, 2013)

NZD/USD got sold off strongly after the RBNZ announced its interest rate decision during today’s Asian session. 

Forex Major Currencies Outlook (March 13, 2013)

USD: Bullish

The U.S. is set to release its retail sales report for February at 1:30 pm GMT today. The headline figure could show a 0.5% increase while the core version of the report could also show a 0.5% uptick as well. 

GBP/USD: Break and Retest of 1.5000? (March 13, 2013)

GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. 

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