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Market Info

Has EUR/AUD Topped Out? (September 5, 2013)

A double top chart pattern has formed on EUR/AUD’s daily time frame and it appears the pair is revving up for a reversal from its recent climb. The neckline around the 1.4500 handle seems to be broken already and the selloff is underway.

Forex Major Currencies Outlook (September 4, 2013)


The US dollar continued to assert its dominance on the charts in yesterday’s trading, although it lost some ground to the Aussie and Kiwi. 

AUD/JPY Double Bottom Breakout (September 4, 2013)

AUD/JPY is showing signs of a reversal from its recent downtrend as it made an upside breakout from the neckline of its double bottom pattern on the daily time frame.

Forex Major Currencies Outlook (September 3, 2013)


The dollar still managed to gain against most of its major counterparts although the recent rallies seem weaker. USD/JPY broke to the upside of the symmetrical triangle on the 4-hour time frame but the pair is stalling at the previous week highs. 

USD/CHF Approaching .9400 Resistance (September 3, 2013)

Dollar strength is still dominating price action but the move might be overdone on USD/CHF pretty soon. The 4-hour time frame shows that a resistance level is just around the corner and close to the .9400 major psychological level.

Forex Major Currencies Outlook (September 2, 2013)


The dollar is still reigning supreme in the markets as talks of a US military strike are still on the table. 

USDJPY Triangle Breakout (September 2, 2013)

USD/JPY has been consolidating inside a symmetrical triangle for the past few months, as seen on the 4-hour time frame. The pair just made an upside breakout earlier today, as Abe got the approval to increase corporate taxes.

Forex Major Currencies Outlook (August 30, 2013)


The dollar continued to flex its muscles in yesterday’s trading, as strong US GDP was responsible for boosting the safe-haven Greenback. 

Symmetrical Triangle on USD/JPY (August 30, 2013)

On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. 

Forex Major Currencies Outlook (August 29, 2013)


The dollar had a mixed performance in yesterday’s trading, although it did manage to store some gains against most of its counterparts. EUR/USD dipped to the 1.3305 area while GBP/USD traded below the 1.5500 handle briefly. 

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