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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (Aug 16, 2017)

USD   The US dollar got a bit of a boost from stronger than expected July retail sales figures, along with positive revisions for the June report. The Empire State manufacturing index also posted a strong rise from 9.8 to 25.2, higher than the projected...

EURUSD Short-Term Downtrend (Aug 16, 2017)

EURUSD is starting to trend lower and move inside a descending channel formation. Price is bouncing off support and might be due for a test of the resistance at the 1.1800 major psychological level.  The 100 SMA is below the longer-term 200 SMA...

Forex Major Currencies Outlook (Aug 15, 2017)

USD   The US dollar recovered from its downbeat performance late last week, thanks to upbeat remarks from Fed official Dudley and a positive close for equities. Although it has been reported that Kim Jong Un has been briefed about the missile strike...

GBPNZD Ascending Triangle (Aug 15, 2017)

GBPNZD has formed higher lows and found resistance around the 1.7900 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is still hovering around the triangle support near the 1.7750 mark, still deciding...

Forex Major Currencies Outlook (Aug 14, 2017)

USD   US CPI figures came in weaker than expected as the headline and core readings came in at 0.1% versus the projected 0.2% pickup, further dampening September rate hike expectations. There are no major reports lined up from the US today so dollar...

Another NZDJPY Correction (Aug 14, 2017)

NZDJPY continues to trend lower as its moves below a descending trend line visible on the 1-hour and 4-hour time frame. Price could be due for another pullback to the trend line, which lines up with the 61.8% Fibonacci retracement level.  The 100...

Forex Major Currencies Outlook (Aug 11, 2017)

USD   The US dollar was in a weak spot against its peers, weighed down by weak PPI, downbeat Fed rhetoric, and threats from North Korea. US equity indices chalked up large losses for the day as investors are starting to get worried about an actual...

EURGBP Countertrend Setup (Aug 11, 2017)

EURGBP is still trending higher as it tests the top of the ascending channel resistance visible on the 4-hour time frame. Stochastic is moving up to signal that there's still some bullish pressure left but the oscillator is also closing in on the overbought...

Forex Major Currencies Outlook (Aug 10, 2017)

USD   The US dollar raked in some gains on risk-off flows but returned some of these when markets calmed down. Data indicated that wage pressures could remain subdued as unit labor costs posted a weaker than expected 0.6% uptick versus the projected...

NZDJPY Trend Pullback (Aug 10, 2017)

NZDJPY has been trending lower on its short-term time frames after recently bouncing off a long-term ceiling. Price is forming a descending trend line and a correction is underway.  Applying the Fib retracement tool on the latest swing low and high...