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Forex Major Currencies Outlook (Oct 25, 2016)


The US dollar managed to squeeze out a few gains after the US flash manufacturing PMI jumped from 51.5 to 53.2 to show a faster pace of expansion compared to the estimated rise to 51.6.

EURGBP Daily Uptrend Pullback (Oct 25, 2016)

EURGBP is still trending higher on its daily time frame, just slightly above the rising trend line connecting the recent lows of price action. 

Forex Major Currencies Outlook (Oct 24, 2016)


The US dollar was able to post gains against its counterparts on Friday even though there were no major US reports on deck.

EURJPY Channel Pullback (Oct 24, 2016)

EURJPY has been trending lower, moving inside a descending channel visible on its 1-hour time frame.

Forex Major Currencies Outlook (Oct 21, 2016)


Economic data from the US came in mixed, with initial jobless claims missing expectations and the existing home sales report printing upbeat results. 

USDCAD Countertrend Setup (Oct 21, 2016)

USDCAD bounced off the ascending channel support around the 1.3100 area recently and is on its way to test resistance at 1.3300-1.3350. 

Forex Major Currencies Outlook (Oct 20 ,2016)


The US dollar had a mixed performance as it reacted to country-specific events. 

USDCAD Short-Term Channel Bounce (Oct 20, 2016)

USDCAD is trending higher on its long-term and short-term charts, moving inside an ascending channel on its 1-hour time frame.

Forex Major Currencies Outlook (Oct 19, 2016)


The US dollar was in a weaker spot after US CPI reports failed to impress. 

GBPJPY Downtrend Pullback (Oct 19, 2016)

GBPJPY has been trending lower on its 1-hour time frame, moving below a descending trend line. 

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