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Riding the GBP/USD Uptrend (July 19, 2013)

The uptrend for Cable is still going on the 1-hour time frame, as the pair is trading inside a channel with higher lows and higher highs. The pair is currently sitting around the middle of the channel, picking a direction to go.

Forex Major Currencies Outlook (July 18, 2013)


The US dollar experienced a lot of volatility during the US session, as Ben Bernanke’s speech had a confusing impact on dollar pairs.

USD/CAD Double Bottom Formation (July 18, 2013)

USD/CAD seems ready to bounce back from its recent selloffs, as the pair formed a reversal pattern on its 1-hour time frame.

Forex Major Currencies Outlook (July 17, 2013)


The US dollar had a mixed performance yesterday, as it lost ground to some counterparts but managed to advance against others. US CPI was mostly in line with expectations, as the core figure printed the estimated 0.2% uptick while the headline CPI showed a higher than expected 0.5% increase. 

AUD/USD Falling Channel (July 17, 2013)

AUD/USD’s rally might soon be over as the pair is finding resistance at the top of the falling channel on the 1-hour time frame. Stochastic just crossed down from the overbought region and is pointing down, suggesting heavy selling pressure up ahead.

Forex Major Currencies Outlook (July 16, 2013)


The US dollar lost its legs in yesterday’s trading as it was weighed down by weaker than expected US retail sales. 

GBP/USD: Asian Box Setup (July 16, 2013)

GBP/USD is making a tight consolidation pattern on its shorter-term time frames (1-hour and 15-minute charts), as traders await the release of the UK CPI data.

Forex Major Currencies Outlook (July 12, 2013)


The US dollar had a mixed performance in yesterday’s trading as it lost ground to the euro and pound, but managed to score gains against the Australian dollar and New Zealand dollar. 

USD/CAD Resistance Turned Support (July 12, 2013)

The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. 

Forex Major Currencies Outlook (July 11, 2013)


The US dollar was sold off heavily in yesterday’s US session, as the minutes of the FOMC meeting showed that there was a lot of dissent surrounding the proposed stimulus taper schedule. 

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