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Contact us:

phone: +1 849 9370815

email: [email protected]

Market Info

Forex Major Currencies Outlook (Aug 02, 2017)

USD   The dollar recovered slightly against its peers when a bit of risk aversion returned to the markets and US data came in mostly in line with estimates. The core PCE price index posted another 0.1% as expected while personal spending ticked...

USDCAD Short-Term Reversal (Aug 02, 2017)

USDCAD failed in its last two attempts to break below the 1.2400 area, creating a double bottom formation on its 1-hour time frame. Price has yet to break past the neckline at 1.2575 before confirming the potential reversal.  The chart pattern is...

Forex Major Currencies Outlook (Aug 01, 2017)

USD   The Greenback was under pressure due to internal chaos in the White House and brewing tensions with North Korea. According to two intelligence officials, the latest successful ICBM test signals that the hermit nation could hit most of the...

GBPUSD Countertrend Play (Aug 01, 2017)

GBPUSD has been trending higher and moving inside an ascending channel on its daily time frame. Price is making its way to the top of the channel and could be due for a bounce off the 1.3300 major psychological mark. Stochastic is nearing the overbought...

Forex Major Currencies Outlook (July 31, 2017)

USD The US dollar regained some ground to its peers on Friday when GDP data beat expectations.  The advanced reading for Q2 showed a 2.6% growth figure versus the projected 2.5% expansion. However, the price index and employment cost index both...

EURCAD Descending Channel (July 31, 2017)

EURCAD has been trending lower, moving inside a descending channel on its 4-hour chart.  Price has bounced off support and has made its way towards resistance at the 1.4650 minor psychological level, which might continue to keep gains in check....

Forex Major Currencies Outlook (July 28, 2017)

USD   The US dollar bounced back from its FOMC tumble when some medium-tier reports beat expectations. Headline durable goods orders jumped 6.5% versus the projected 3.5% increase while core durable goods was slightly weaker at 0.2% versus 0.4%....

AUDNZD Resistance Turned Support (July 28, 2017)

AUDNZD recently broke past the resistance at the 1.0550 minor psychological level then zoomed up to the 1.0800 levels before pulling back. Applying the Fib tool on the latest swing low and high on the 4-hour time frame shows that the 61.8% level lines...

Forex Major Currencies Outlook (July 27, 2017)

USD   The US dollar advanced on positive expectations for the FOMC but soon gave up its gains and more when the statement disappointed. Instead of giving more details on their balance sheet reinvestment, the Fed simply said that the runoff would...

USDCAD Short-Term Channel (July 27, 2017)

USDCAD continues to trend lower and is moving inside a descending channel visible on the 1-hour time frame. Price is currently testing support and could be due for a pullback to the resistance once more.  Stochastic is pulling up from the oversold...