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Market Info

Forex Major Currencies Outlook (June 27, 2013)

USD

The US dollar lost ground to some of its major counterparts in yesterday’s trading as the US Q1 2013 final GDP figure suffered a huge downward revision from 2.4% to just 1.8%. 

EUR/USD Short-term Trend Play (June 27, 2013)

There’s a potential short-term retracement on EUR/USD’s 1-hour time frame which could come into play today. 

Forex Major Currencies Outlook (June 26, 2013)

USD

The US dollar had some trouble sustaining its gains recently, despite stronger than expected data from the US. 

GBP/JPY Falling Channel (June 26, 2013)

GBP/JPY is on a short-term downtrend based on its 1-hour time frame. The pair has made lower lows and lower highs, forming a falling channel.

Forex Major Currencies Outlook (June 25, 2013)

USD

The US dollar had to take a breather from its recent rallies, as it ended the day mostly lower against its major counterparts. 

EUR/USD Retracement Setup (June 25, 2013)

There’s a potential retracement on EUR/USD’s 4-hour time frame prior to the release of US data in today’s New York session. 

Forex Major Currencies Outlook (June 24, 2013)

Dollar bulls kept charging until the end of the week, spurred by the Fed’s recent announcement regarding its plan to reduce bond purchases by the end of the year. 

USD/CHF Inverse Head and Shoulders (June 24, 2013)

After breaking above the falling trend line on its 1-hour and 4-hour time frames, USD/CHF has made another signal that a reversal could take place.

Forex Major Currencies Outlook (June 21, 2013)

USD

The U.S. dollar continued its winning streak against its major currency rivals, as the U.S. data came in mostly better than consensus. 

USD/CAD Potential Breakout (June 21, 2013)

On its shorter-term time frame, USD/CAD has been consolidating, as though getting ready for a break in either direction. 

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