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phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (Mar 3, 2015)

USD The US dollar continued its advance against most of its major counterparts, as risk aversion stayed in the market at the start of the week.  Data from the US economy was actually weaker than expected, with the ISM manufacturing PMI falling...

EURCAD Retracement Setup (Mar 3, 2015)

EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level.  This lines up with the 38.2% Fibonacci retracement level on the latest swing high and low on the...

Forex Major Currencies Outlook (Mar 2, 2015)

USD The US dollar is off to a strong start this week after ending higher against most of its forex counterparts last week.  Risk aversion is still present in the financial markets, supporting the US dollar along with the renewal of the Fed’s h...

NZDUSD Corrective Wave (Mar 2, 2015)

NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart.  This lines up with a broken support level and is close to the .7600 major psychological handle. If...

Forex Major Currencies Outlook (Feb 27, 2015)

USD The US dollar staged a strong rally against its forex counterparts when a couple of Fed officials gave a hawkish bias in their recent testimonies.  Market watchers are back to pricing in the possibility of a Fed rate hike in June, although...

GBPUSD Ascending Channel (Feb 27, 2015)

GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range.  At the same time, a bullish divergence is playing out, after stochastic made lower lows while price drew higher...

Forex Major Currencies Outlook (Feb 26, 2015)

USD The US dollar struggled to hold its ground in recent trading, as data came in stronger than expected.  New home sales picked up by 481K versus the projected 471K gain. In her semi-annual testimony in front of Congress, Fed Chairperson Yellen...

AUDJPY Retracement Setup (Feb 26, 2015)

AUDJPY recently made a strong break past the 93.50 minor psychological resistance then zoomed up to the 94.00 handle.  From there, the pair retreated and started to make a forex correction to the Fib levels marked on the 1-hour time frame. The 38.2%...

Forex Major Currencies Outlook (Feb 25, 2015)

USD The US dollar suffered a sudden selloff in yesterday’s New York trading session, as Fed head Janet Yellen’s testimony forced market participants to push back rate hike expectations.  She pointed out that the Fed would change its forward gui...

GBPUSD Rising Channel Resistance (Feb 25, 2015)

GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart.  At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are in control of price action....