12 Sep 10 EUR-USD Looking for Direction
The most liquid currency pair, the EUR-USD, has been sending many mixed signals lately. After reaching a high of 1.3330, this pair pulled back to 1.2600.
12 Sep 10 CAD/CHF Forming Possible Head and Shoulders
On Wednesday, the Bank of Canada boosted its interest rates to 1 percent from 0.75 percent, making it a third increase in a span of four month. In response, the Canadian Dollar rallied strongly against other currencies, including the Swiss Franc.
12 Sep 10 Cable- How Long Is This Ranging Going To Last?
Although cable seems to want to push back up again and continue the uptrend of July, having a look at the markets there seems to be not enough steam to move the pair forward. Positive news is helping some weak rebound but to soon again find resistance and fall back off, sometimes even at a [...]
12 Sep 10 Is USD/JPY Rebound For Real?
The major down trend in USD/JPY continues. Earlier in the week, this pair made another 15 year low at 83.34 and large-scale charts show no signs of a trend reversal yet. However, on smaller time frames the Dollar appears to be regaining some strength. Is it for real?
08 Sep 10 GBP/CHF Testing Bottom of a Trading Range
So far in 2010, the GBP/CHF has remained in wide trading range, between 1.5785 and 1.7105. This is best visible on weekly charts and gives this pair an appearance of non-action. However, this congestion zone is wide enough for trading opportunities on smaller time frame charts, including the daily graph.
08 Sep 10 AUD/USD Next To The Trendline
The AUD/USD is still in an uptrend, as judged on basis of technical analysis. The price is above the 100 SMA and the up trendline, too. Last week, this pair rebounded from a conjunction of both of these lines, finding a support at 0.8770.
08 Sep 10 USD/CAD and the Stochastic Indicator
Over last few months, the USD/CAD has been moving sideways. It has not made any meaningful high or low since late May, when it reached 1.0852. Since then, the price oscillated in a range between 1.0680 and 1.0105.
08 Sep 10 GBP/JPY in Holding Pattern
So far this week, the Japanese Yen, and all its crosses have been very volatile. They sold off significantly for 2 days following the emergency Bank of Japan policy meeting and recovered to some degree on Wednesday. This recovery ran into a stiff resistance though, and currently the JPY pairs are in a “no man’s [...]
08 Sep 10 Decision Time for AUD-JPY
Recently, currencies have been subjected to a series of wild swings in public sentiment. Seemingly, every few days the perception switches from a “flight to safety” to a “pursuit of risk”. One of the best examples of this wavering opinion is the AUD-JPY.
08 Sep 10 September 7th 2009: Weekly chart of CAD-JPY
Just like the other currencies, the Canadian Dollar has sold off considerably against the Japanese Yen lately
08 Sep 10 NZD/USD Testing Support
Since early July, the NZD/USD has been drifting lower, a move that gained momentum couple of weeks ago, and undercut the minor low of 0.7027. The price found support at 0.6996.
08 Sep 10 How High Will CAD/JPY Rebound?
On Tuesday, the Japanese Yen experienced a strong rally. All of JPY pairs broke through important supports and moved anywhere from 100 to 300 pips. During the New York session, this move ended and new supports were formed.
08 Sep 10 USD/JPY At Key Level
Finally, after couple of weeks of trying, the USD/JPY broke through the 84.70 support and made new 15 year low. It dropped 83.58 before a correction set in.
08 Sep 10 EUR/GBP Still Quiet, But For How Long?
One of the currency pair that has been lacking significant attention recently is the EUR/GBP. That could change soon.
05 Sep 10 Trading in Emerging / Exotic currencies increased
Trading in Emerging / Exotic currencies increased The long wait is over! The Bank for International Settlements (BIS) has just released the results of its Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, conducted in April 2010. The report contains a treasure trove of data, perhaps enough employs analysts, will be released [...]
