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Market Info

Forex Major Currencies Outlook (October 11, 2013)

USD

The dollar carried on with its recovery on Thursday, as risk remained off but traders started pricing the possibility that Washington will come up with a budget deal over the weekend. 

USD/JPY Trend Line Retest (October 11, 2013)

USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over.

Forex Major Currencies Outlook (October 10, 2013)

USD

The U.S. dollar was able to bounce back to action yesterday, but it remains to be seen whether this is just a temporary pullback. 

Long-Term Range on GBP/AUD (October 10, 2013)

GBP/AUD has been moving sideways on its 4-hour chart, as it found support at 1.6900 and resistance at 1.7400.

Forex Major Currencies Outlook (October 9, 2013)

USD

The US dollar was able to make a quick bounce in the Asian session but gave up its intraday gains back to its major counterparts, as the lawmakers in Washington still haven’t reached a deal on the budget. 

CAD/JPY Downtrend Line (October 9, 2013)

CAD/JPY’s downtrend is still very much intact, as the falling trend line connecting the price’s highs is still holding on the 1-hour time frame. 

Forex Major Currencies Outlook (October 8, 2013)

USD

The US dollar struggled to hold its ground at the start of the week as the continued government shutdown discouraged traders from taking long dollar positions. 

AUD/USD Triangle Formation (October 8, 2013)

AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level.

Forex Major Currencies Outlook (October 7, 2013)

USD

The US dollar recovered some of its recent losses for the previous week on Friday, as risk aversion popped its head in the markets. It also helped that a lot of traders booked profits at the end of the week. 

GBP/USD Long-Term Uptrend (October 7, 2013)

GBP/USD suffered a sharp selloff on Friday but it appears that the longer-term uptrend is still intact, as evidenced by the rising channel on the 4-hour time frame.

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