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Forex Major Currencies Outlook (May 23, 2017)


The US dollar moved slightly lower against most of its peers, particularly the Kiwi.

GBPAUD Descending Triangle (May 23, 2017)

GBPAUD has formed lower highs and found support at the 1.7375 area, creating a descending triangle formation on its 1-hour time frame.

Forex Major Currencies Outlook (May 22, 2017)


Dollar weakness stayed in play for Friday as traders continued to worry about the repercussions of the investigation on Trump's intelligence information leak to Russia.

EURJPY Broken Trend Line Retest (May 22, 2017)

EURJPY recently broke below its short-term ascending trend line to indicate that a reversal from the uptrend is in order.

Forex Major Currencies Outlook (May 19, 2017)


The dollar recovered against its peers on strong medium-tier data and indications that former FBI director Comey was not pressured to stop his investigation into alleged information leaks to Russia.

GBPUSD Short-Term Channel (May 19, 2017)

GBPUSD enjoyed additional volatility recently but is still trading safely inside its ascending channel on the 1-hour time frame.

Forex Major Currencies Outlook (May 18, 2017)


The dollar was barely able to benefit from risk-off flows as concerns about the Trump administration remained in the spotlight.

GBPUSD Countertrend Setup (May 18, 2017)

GBPUSD has been trending higher recently, moving inside an ascending channel visible on its 1-hour and 4-hour charts.

Forex Major Currencies Outlook (May 17, 2017)


The US dollar gave up some ground to its peers as equity indices and bond yields slid lower on national security issues with the Trump administration.

EURJPY Uptrend Correction (May 17, 2017)

EURJPY is still trending higher and has recently broken past the resistance at the 124.50 minor psychological level.

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