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Forex Major Currencies Outlook (February 22, 2013)

USD: Bullish 

While some traders booked profits after the FOMC sparked a strong dollar selloff, it seems that most of the anti-dollar rallies that took place yesterday were mere retracements. 

Trade Setup for the Day: GBP/USD Short (February 22, 2013)

There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. 

Forex Major Currencies Outlook (February 21, 2013)

USD: Bullish

The minutes of the latest FOMC meeting caused quite a ruckus in the currency market as policymakers showed signs of hawkishness for the U.S. economy.

Trade Setup of the Day: Short GBP/USD (February 21, 2013)

GBP/USD just broke below the long-term support at 1.5350 and the next area of support is around 1.5000 then at 1.4300. 

Trade Setup for the Day: Long NZD/USD (February 20, 2013)

NZD/USD’s uptrend is still intact as the rising channel on the 4-hour chart seems to be holding.

Trade Setup of the Day: Straddle EUR/USD (February 19, 2013)

EUR/USD has been trading cautiously so far as the pair is currently consolidating into a pennant on the 4-hour time frame. 

Trade Setup for the Day: Short GBP/USD (February 18, 2013)

Weak fundamentals have been weighing on the pound for the past few days as the odds are tilted towards further monetary policy easing from the BOE.

Forex Major Currencies Outlook (February 15, 2013)

USD: Bullish

The U.S. dollar seems to be emerging as a safe-haven currency once more as traders are seeking a more stable currency while the G20 Summit is going on. 

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