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phone: +1 849 9370815

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Market Info

USDJPY Short-Term Uptrend (July 05, 2017)

USDJPY has been trending higher recently, moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support near the 112.50 minor psychological level from here.  The 100 SMA...

Forex Major Currencies Outlook (July 04, 2017)

USD The US dollar staged a strong rebound against its peers when the ISM manufacturing PMI beat expectations. The reading climbed from 54.9 to 57.8 versus the projected 55.0 figure, buoyed by stronger hiring, new orders, and production. The index for...

EURUSD Retracement Setup (July 04, 2017)

EURUSD recently surged past the resistance at the 1.1250-1.1300 psychological levels then climbed close to the 1.1450 minor psychological resistance. Price retreated from here, indicating that a correction from the rally is happening.  Applying...

Forex Major Currencies Outlook (July 03, 2017)

USD The US dollar managed to chalk up some gains last Friday on profit-taking and strong US data. Personal income was stronger than expected at 0.4% versus 0.3% while personal spending came in line with expectations of a 0.1% uptick. The Chicago PMI...

USDJPY Double Bottom (July 03, 2017)

USDJPY looks ready for more gains as the pair has formed a double bottom on its daily time frame. Price failed in its last two attempts to break past the 108.00 support zone and is on its way to test the neckline at 114.00-114.50. A break past this resistance...

Forex Major Currencies Outlook (Jun 30, 2017)

USD The US dollar was mostly weaker against its peers even though the final GDP reading enjoyed an upgrade from 1.2% to 1.4% instead of staying unchanged as expected. Personal spending and income, along with the core PCE price index, are up for release...

GBPUSD Countertrend Play (Jun 30, 2017)

The ascending channel on Cable's daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move back to support at...

Forex Major Currencies Outlook (Jun 29, 2017)

USD   The dollar gave up more ground to its counterparts as pending home sales turned out weaker than expected. The report printed a 0.8% decline versus the estimated 0.9% increase while the earlier figure was downgraded to show a 1.7% slide. Initial...

EURGBP Short-Term Channel (Jun 29, 2017)

EURGBP continues to trend higher after breaking past a major range resistance visible on its longer-term charts. On the 1-hour time frame, it can be seen that the pair is moving inside an ascending channel formation and is testing support.  The...

Forex Major Currencies Outlook (Jun 28, 2017)

USD   The dollar barely reacted to Fed head Yellen's testimony since she merely repeated their statements during the FOMC decision and reiterated that inflation is running below the committee's long-run objective. FOMC members Harker and Kashkari...