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Market Info

Forex Major Currencies Outlook (October 4, 2013)

USD 

The US dollar had a mixed day as it lost to the euro, franc, and yen but caught some gains against the Aussie, Kiwi, and pound. 

GBP/USD: Potential Reversal? (October 4, 2013)

A double top pattern has formed on GBP/USD’s short term time frame, which means that a possible reversal from the current uptrend could happen.

Forex Major Currencies Outlook (October 3, 2013)

USD

The US dollar gave up its gains to its major counterparts, as the US government shutdown extended for another day. 

AUD/JPY Double Bottom (October 3, 2013)

AUD/JPY is making a reversal pattern on its 1-hour time frame, which means that the current downtrend could be turning.

Forex Major Currencies Outlook (October 2, 2013)

USD

The U.S. dollar underwent a sharp selloff yesterday on the announcement of an official government shutdown. 

GBP/USD: 1.6150 Support? (October 2, 2013)

GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher.

Forex Major Currencies Outlook (October 1, 2013)

USD

The U.S. dollar experienced heavy selling pressure in yesterday’s trading, as the U.S. economy is currently facing a possible government shutdown. 

USD/JPY Channel Breakdown (October 1, 2013)

USD/JPY has been trading inside a rising channel for quite some time but the range broke earlier this week. This suggests that a downtrend might be in the works, possibly after a quick retest of the broken support.

Forex Major Currencies Outlook (September 30, 2013)

USD

The US dollar lost ground on Friday, mostly because of the weak economic data and the prospect of a government shutdown. Lawmakers only have a few hours left to come up with a plan to avoid default, and it appears that Republicans and Democrats still can’t see eye to eye. 

USD/CHF: Retest of .9100? (September 30, 2013)

USD/CHF just broke below the key .9100 handle on Friday’s dollar weakness, but the pair might be due for a quick pullback before heading any lower.

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