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Market Info

Forex Major Currencies Outlook (June 5, 2013)


The U.S. dollar had a mixed day in the markets, as it managed to rally against the commodity currencies and the yen but held steady against most European currencies. 

CAD/JPY Rising Channel (June 5, 2013)

The uptrend of CAD/JPY still seems to be intact as the pair is testing the bottom of the ascending channel on the 4-hour time frame. This area is also around the 96.00 major psychological support.

Forex Major Currencies Outlook (June 4, 2013)


The U.S. dollar suffered a sharp selloff in yesterday’s trading when the ISM manufacturing PMI came in worse than expected. 

USD/JPY Testing Former 99.50 Resistance (June 4, 2013)

USD/JPY kept selling off in the past few trading days as the Nikkei stock index posted sharp declines. This was enough to push USD/JPY back down from the 103.75 area to 99.50.

Forex Major Currencies Outlook (June 3, 2013)


There are a lot of red flags on the U.S. calendar this week, which could determine if markets are really shifting their stance on the U.S. dollar or just making huge corrections before trends resume. 

USD/CAD Range Setup (June 3, 2013)

USD/CAD is one of the best currency pairs to trade in a ranging market environment. 

Forex Major Currencies Outlook (May 30, 2013)


The US dollar continued to slide against its major counterparts in yesterday’s trading sessions as markets seemed to show exhaustion from its recent rallies. 

USD/CHF Head and Shoulders Pattern (May 30, 2013)

On its 4-hour time frame, USD/CHF seems to have formed a head and shoulders pattern, indicating a potential reversal from the pair’s rallies earlier this year.

Forex Major Currencies Outlook (May 29, 2013)


The U.S. dollar was supported by stronger than expected consumer confidence data in yesterday’s New York session. The CB consumer sentiment figure came in higher than the estimate as it jumped from an upwardly revised 69.0 to 76.2, beating the consensus at 70.7. 

USD/CAD Resistance at Rising Channel (May 29, 2013)

USD/CAD’s uptrend is still very strong as the rising channel on its shorter-term time frame is still holding. The pair recently found support at the bottom, which is near 1.0350, and bounced right back up when the U.S. printed strong consumer confidence data yesterday.

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