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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (Aug 12, 2016)

USD The US dollar had a mixed performance, as it advanced to the European currencies and yen but gave up ground to the Canadian dollar.  Medium-tier US data beat expectations, as the initial jobless claims came in at 266K versus the 272K forecast...

EURAUD Short-Term Range (Aug 12, 2016)

EURAUD has been trading sideways recently, moving inside a range between support at the 1.4450 minor psychological level and resistance at the 1.4525 area.  Price seems to be on its way to test the top of the range from here.   The 100...

Forex Major Currencies Outlook  (Aug 11, 2016)

USD The US dollar was unable to make much headway against its counterparts despite stronger than expected jobs data. The JOLTS job openings report showed a 5.62 million figure, up from the earlier 5.51 million reading and the 5.52 million consensus....

USDCAD Reversal Pattern (Aug 11, 2016)

USDCAD seems to be tired from its uptrend, as a reversal pattern can be seen on its 4-hour time frame. Price is forming a head and shoulders formation and is gearing up to test the neckline at the 1.3000 major psychological level. A break below this...

Forex Major Currencies Outlook (Aug 10, 2016)

USD   The US dollar was off to a good start for the day but wound up erasing its wins when traders booked their post-NFP positions.  Preliminary non-farm productivity fell 0.5% versus the projected 0.5% increase while unit labor costs rose...

GBPUSD Support Turned Resistance (Aug 10, 2016)

GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around...

Forex Major Currencies Outlook (Aug 09, 2016)

USD The US dollar had a mixed performance since there were no major catalysts from the US economy yesterday. Only the Fed labor market conditions index was printed and it reflected the first positive reading for the year, assuring market watchers that...

EURAUD Descending Trend Line (Aug 09. 2016)

EURAUD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting its latest highs. Price is currently testing this resistance area, which lines up with the 61.8% Fibonacci retracement level on the latest swing...

Forex Major Currencies Outlook (Aug 08, 2016)

USD The US dollar popped higher on Friday, thanks to stronger than expected NFP data. The economy added 255K jobs in July versus the projected 180K increase. In addition, the June figure was upgraded from 287K to 292K but the jobless rate was unchanged...

USDCAD Ascending Channel (Aug 08, 2016)

USDCAD is still trending higher, moving inside the ascending channel on its 4-hour time frame. Price just bounced off support and could be due for another test of resistance once it moves past the mid-channel area of interest. The 100 SMA is above the...