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Market Info

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.

Major Forex Currencies Outlook (May 28, 2013)


U.S. traders are back in the grind today, after taking a day off in honor of Memorial Day. The U.S. will be printing its CB consumer confidence report for May and possibly show a strong rise in optimism. 

AUD/USD Testing .9600 Weekly Support (May 28, 2013)

AUD/USD is once more sitting at a key inflection point, which has been an established support level on longer-term time frames. 

Forex Major Currencies Outlook (May 27, 2013)


The dollar had a mixed trading day on Friday as it lost ground to the Japanese yen and euro but managed to pocket some gains against its other major counterparts. 

USD/JPY Long-Term Retracement (May 27, 2013)

After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction.

Forex Major Currencies Outlook (May 24, 2013)


Despite the recent wave of strong U.S. data, the dollar still lost ground to its major counterparts, particularly the yen in yesterday’s trading. 

GBP/USD Retracement Scenario (May 24, 2013)

The recent correction in GBP/USD is giving pound bears a chance to hop in the ongoing selloff at a better price.

Forex Major Currencies Outlook (May 22, 2013)


The U.S. dollar lost ground to most of its major counterparts as some Fed officials talked about the low likelihood that the Fed will reduce its stimulus program soon. 

EUR/USD Ready for a Major Correction? (May 22, 2013)

EUR/USD seems to be rebounding from its recent lows nicely as the pair is edged back abve the 1.2900 major psychological level. 

Forex Major Currencies Outlook (May 21, 2013)


The US dollar continued to retreat against its major counterparts, as traders booked profits from key support and resistance levels on the major currency pairs.

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