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Market Info

USD/CAD: Trading the Canadian Retail Sales Report (March 21, 2013)

The falling trend line on USD/CAD’s 1-hour time frame is holding for now but the pair is consolidating into what appears to be a symmetrical triangle. 

EUR/USD: Potential Retracement (March 20, 2013)

After Cypriot officials and the Troika unveiled a bailout proposal to save Cyprus’ troubled banks, the parliament rejected the plan since it involved a one-time tax levy on deposits.

Forex Major Currencies Outlook (March 20, 2013)

USD: Neutral

Most dollar pairs could be in for a lot of tight consolidation during today’s trading sessions as traders sit on their hands prior to the FOMC monetary policy statement. 

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. 

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 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.

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. 

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