Market Info

EURUSD has been forming lower highs and higher lows, creating a triangle pattern on its 1-hour forex time frame.  At the moment, price is testing the top of the consolidation pattern and may be due for a move lower. Stochastic is heading down anyway,...

USD The US dollar regained ground when risk aversion returned to the financial markets after the Greek debt talks failed to produce a deal. There have been no reports released from the US then, as banks were on a President’s Day holiday. There are s...

EURGBP is moving inside a descending channel on its 1-hour time frame, indicating that the pair might be in for more losses.  At the moment, price is testing support at the mid-channel area of interest and may make its way down to the channel support....

USD The US dollar lost a lot of ground on Friday when risk appetite surged on the heels of improving geopolitical situations.  Data from the US economy was weaker than expected, as the preliminary consumer sentiment index from the University of...

USDCAD has formed lower highs and found support at the 1.2400 major psychological level, creating a descending triangle chart pattern on its 1-hour forex chart.  For now, price is hovering around the formation’s bottom, while stochastic is edging t...

USD The US dollar gave up a lot of ground when the economy saw weaker than expected retail sales figures for January, casting doubts on the Fed’s projected rate hike for the year.  Core retail sales fell by 0.9% versus the projected 0.4% drop w...

AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart.  As you can see, price bounced a couple of times off the .7700 major psychological support and is on its way to test...

USD The US dollar regained ground against its major counterparts when risk aversion popped its head back in the financial markets.  Talks of a Greek exit have somehow weighed on sentiment, favoring the lower-yielding dollar. There were no major...

AUDJPY broke below its ascending triangle support on the 1-hour time frame, indicating that further losses are possible for the pair.  Price could fall by as much as 200 pips, which is roughly the same height as the chart pattern. With that, a move...

USD The US dollar had a mixed performance in recent trading, as the lack of top-tier reports from the economy kept it as a counter currency.  There are still no major reports lined up from the US economy today, which suggests that risk aversion...