GBP/JPY at Crossroads
GBP/JPY is in a collision course between an uptrend and a downtrend. As both the pound and the yen are losing to the dollar due to each country’s internal problems, the technicals will speak. GBP/JPY uptrends and downtrends. Click to enlarge: GBP/JPY was trading in an uptrend during February and it traded around 143.50 at [...]
EUR/USD – Edging Up Before the Plunge?
Looking at the hourly charts, EUR/USD is trading in an uptrend channel since the end of February. The near past tells us that the drop is near. The charts can speak for themselves.
GBP/USD – Trend lines on a Collision Course
The Pound is trading in a narrow range, and it’s getting narrower. The trend lines are about to collide – meaning that an explosion is underway. There are a few upcoming events that will determine the direction of explosion. GBP/USD is bound by two trend lines that aren’t parallel. Using the hourly chart, I’ve drawn [...]
Range Trading
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this range signal that the long-term fall of the dollar is about to change? EUR/USD, the world’s favorite pair, is trading between 1.48 [...]
EUR/USD Outlook – September 14-18 2009
It finally happened – EUR/USD broke out of range and closed the week significantly higher. This week’s German ZEW Economic Sentiment and 6 other figures will impact the Euro. Here’s an outlook for this week’s key events in Europe, and an updated technical analysis for EUR/USD. EUR/USD forex graph. Last week, the Euro moved mostly [...]
EUR/USD Outlook – September 7-11 2009
Range trading was the name of the game this week. EUR/USD that closed the week in the same place as last week. Here’s an outlook for this week’s events, and a technical analysis for EUR/USD. Will it break the range this week? EUR/USD forex graph with uptrend channels Last week’s rate decision didn’t surprise anybody. [...]
EUR/USD Outlook – August 31 – September 4 2009
EUR/USD traded up and down this week, closing at the same place. This week’s rate decision is the peak of 11 important European releases. Here’s a review of the European indicators and an updated technical analysis for EUR/USD. EUR/USD forex chart with the uptrend channels marked: Last week’s consumer surveys showed strength, and the so [...]
EUR/USD Outlook – August 24-28 2009
EUR/USD managed to close the week higher, sticking to the uptrend channel. This week’s German Ifo Business Climate as well as 8 other indicators will set the direction of the Euro. Here’s an outlook for the Euro zone’s important events and an updated technical analysis for EUR/USD. EUR/USD forex chart, with the uptrend channels marked: Friday’s [...]
EUR/USD Outlook – August 17-21 2009
Growth in the continent’s largest economies didn’t help the Euro to make serious gains. It’s still trading in uptrend channels, but these are narrowing. 5 important events will determine EUR/USD’s direction this week. Here’s an outlook on the key events and a technical analysis for EUR/USD. EUR/USD Graph – with the uptrend channels highlighted: EUR/USD, [...]
CAD/JPY Going Wild
When most currency pairs are trading in narrow ranges, the Canadian dollar and the Japanese Yen are standing out with exceptional strength. This makes the CAD/JPY very interesting. EUR/USD, GBP/USD and USD/CHF have been consolidating for a long time. No one knows when they will “explode”. For example, EUR/USD is trading sideways between 1.3750 and [...]
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