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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (July 21, 2015)

USD The US dollar had a mixed performance as it gave up some ground to the commodity currencies but advanced against the yen and franc.  There have been no major reports released from the US at the start of the trading week and there are still...

NZDJPY Potential Reversal (July 21, 2015)

NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible.  Price found support at the 81.00 major psychological mark and resistance at the 83.00 major psychological level, which is the...

Forex Major Currencies Outlook (July 20, 2015)

USD The US dollar ended the previous week on a strong note, thanks to upbeat data from the economy.  Headline CPI came in line with expectations of a 0.3% gain while the core version of the report met the consensus of a 0.2% uptick. Building permits...

NZDUSD Potential Pullback (July 20, 2015)

NZDUSD could be in for a correction early this week, as the pair bounced off its recent lows around the .6500 major psychological level.  Applying the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up...

Forex Major Currencies Outlook (July 17, 2015)

USD The dollar had a mixed performance, as some traders already booked profits off their long USD positions. Data from the US economy came in mixed, with the initial jobless claims coming in line with expectations and the Philly Fed index falling short...

EURAUD Short-Term Reversal (July 17, 2015)

EURAUD formed a head and shoulders pattern on its 1-hour time frame, indicating that a reversal from the previous uptrend might be seen. Price is already breaking below the neckline support at the 1.4700 major psychological level and could be in for...

Forex Major Currencies Outlook (July 16, 2015)

USD The US dollar regained ground against its forex rivals when risk aversion returned to the markets. Fed Chairperson Yellen’s positive remarks on the US economy was also reassuring for dollar bulls, reminding market watchers that a rate hike is s...

USDCAD Bullish Continuation (July 16, 2015)

After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation. After all, the BOC decided to cut interest rates from 0.75% to 0.50% and lowered their growth...

Forex Major Currencies Outlook (July 15, 2015)

USD The US dollar returned most of its recent wins when the US retail sales figures fell short of expectations. The headline figure showed a 0.3% decline while the core version of the report showed a 0.1% dip when analysts were expecting to see a 0.2%...

AUDUSD Short-Term Reversal (July 15, 2015)

AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month and seems ready to test the neckline around the .7500...