http://www.fxstreet.com/technical/analysis-reports/currency-brief/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/05/14/We are probably countertrend, but EurGbp has provided a very important feedback in the last couple of years, especially from the technical point of view. The monthly bearish engulfing pattern of March was followed in April by a hanging man, without having a closure above the bearish down trend line in place since 2008. A clear sign of strength that does not seem to support the idea of a re-start of the bull market, at least in the short term. Of course, if the long term trend remains bullishTue, 14 May 2013 09:07:58 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/05/14/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/05/07/During the week, a bearish reversal figure known as the hanging man occurred, and actually it should represent an ideal springboard that could push the Kiwi quite lower in the second half of 2013. This analysis is also confirmed by the cyclical analysis that we have been carrying on for years and which in fact would indicate a cyclical top in June 2013 for NzdUsd. Every 50 months, in fact, the Kiwi alternates between primary tops and lows, doing so with a precision that makes the signal ratherTue, 07 May 2013 09:54:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/05/07/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/30/The Cot report last week showed the Canadian dollar as a currency on which the feelings of the operators are decidedly negative, really too much not to recall the contrarian on the market. Looking at the graph, we can see how, in fact, not only the net short positions of the Cad reached a record as in 2007, but the percentage on the open interest has dropped below  -20% (we even got to -44%), a value that has usually intercepted the primary top of UsdCad. For those who want to betTue, 30 Apr 2013 10:13:26 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/30/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/22/UsdMxn is falling in an oversold territory, a rather rare event that occurred in 2008 and 2011. It’s quite easy to see what happened next. In 2008 some hesitations on the lows and then the explosion of the volatility. In 2011 the same event. Probably the market is trying to build a base around 12, but in fact this is a cross that a trader should take into account to try some profitable bets. On the sidelines, we remember the particularly favorable seasonality for UsdMxn in the months of May andMon, 22 Apr 2013 09:27:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/22/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/16/The tsunami of liquidity in Japan is pushing desperate investors searching for yield to do carry trade with the so-called high yield currencies. Among these, we can find many commodity currencies, but in this moment, the business cycle is not interesting to markets, while the rate of interest at which utilize cash is much more important. This is why we have built a basket that puts the Dollar against six currencies (Aud, Nzd, Mxn, Brl, Zar and Try). The tendency of these currencies was bearishTue, 16 Apr 2013 08:34:19 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/16/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/07/From a fundamental point of view, EurUsd has entered a very special area that could allow the greenback to rise to the top. Over the past 10 years, infact, in terms of purchasing power parity, when the underestimation of the dollar against the euro has come to touch a percentage of at least 12%, a peak for the greenback was in the air. With the exception of 2005, when  the underestimation of the dollar compared to the theoretical purchasing power parity came to -6%,in all other followingSun, 07 Apr 2013 18:40:29 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/04/07/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/24/If the events in Cyprus will be solved, then it should be easier for the Euro to start rising again, also due to the support of 1.29, the 200-days moving average. The feeling we have observing the market dynamics is that a change is occurring, due to the cut in interest rates by the ECB or, alternatively, to a new measurement like LTRO in support of the interbank liquidity. The first graph we propose is quite explanatory. EurUsd follows faithfully the evolution of the ratio generated by the FedSun, 24 Mar 2013 14:49:26 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/24/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/12/This week we want to analyze EurSek to reiterate once again the lack of attractiveness of the currency in the short term. First of all, we can quote the seasonality aspect. In March, EurSek rose in 9 cases of the last 10 years. Then,  there is the key issue. Looking at the graph, we can clearly see that the EurSek trend (here on reverse scale) is diverging sharply from the Swedish exports. In practice, the strength of the Swedish Krona, from 2011 to nowadays, is quickly deteriorating theTue, 12 Mar 2013 09:26:20 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/12/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/04/The month of February in the last 10 years has represented a real workhorse for AUD/USD, with a rise in 9 out of 10 cases. In 2013, however, as happened in 2006, this seasonality has failed and this element could actually tell us that the top of AUD/USD has been reached in 2011 at 1.108 with a downward turn already begun that should close in 2015-2016 with a cyclic primary low. As we can see from the graph, every 90 months AUD/USD realizes a bottom that usually lasts for several years, and,Mon, 04 Mar 2013 10:12:56 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/03/04/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/25/The Canadian Dollar (a.k.a. "loonie") is going to face some troubles against the major currencies soon. The already announced 16 quarter cycle give pressure to the UsdCad ratio and it is gradually starting to show its effects. Every 16 quarters, UsdCad realizes a primary low and the one at the beginning of 2012 might be part of this category. Even if the return above the parity of UsdCad with the Dollar in the short term might reach even 1.025 (transit zone of the down trend line started inMon, 25 Feb 2013 10:18:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/25/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/19/It’s not really a good moment for the Pound, and it might get even worse. This is confirmed by the traditional technical analysis but also by the exposure of the hedge funds on the futures market. From a graphical point of view, the market seems to have broken area 1.565, or the dynamic support ruled by the bullish trend line that joins the increasing lows from 2009 onwards and that represents the bottom base of the triangle. The long-term bearish signal is generated by the bearish engulfingTue, 19 Feb 2013 09:59:24 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/19/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/11/A long term bullish signal was going to start on EurGbp, but Draghi's words have postponed the trigger. This is confirmed by the graphical analysis based on the Ichimoku cloud, and, considering that the previous signal has involved UsdJpy and EurJpy with an incredible success, it has not to be underestimated. The two charts attached offer a very interesting perspective that had already been anticipated by the movement of 14 month RSI. The down trend line that connects the highs of 2008 andMon, 11 Feb 2013 10:42:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/11/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/04/It's been a year since we reported an investment opportunity with a "secular" potential. Starting from that moment, the cross CNY/JPY began to rise, first softly and then violently, as shown in the graph. This was positive for those who followed that advice, but now we are facing a new "secular" theme that involves the Chinese Renminbi (who knows why?). We are talking about the exchange ratio AUD/CNY. As we can see from the long-term graph, AUD/CNY peaked at 7.13 in mid-2011, exactly on theMon, 04 Feb 2013 10:49:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/02/04/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/28/Starting from October 2011 (top 1.0659), UsdCad has started a correction that has stopped closed to area 0.96.This trend, with two corrective waves A and C that matched in wideness and the support of 78.6% of Fibonacci retracement to act like a defence, is technically perfect. As the rebound started with a classic reversal figure (Engulfing Bar),the rise started with another bullish figure (Pin Bar or Hammer). In case we are not wrong, we should now be in the first phase of a new rise. In fact,Mon, 28 Jan 2013 11:14:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/28/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/23/The closure of the 65 days temporal cycle was a first good reason to predict last week a top of the market on EurUsd, but a new event is coming: theEuro-China Economic Summit, which compares every six months two of the most important economic areas in the world. We are interested in the effects on the exchange rate and the chart clearly shows how each event represents a turning point for the cross, so be careful to how EurUsd will reach this appointment, as the resistance might be strong inWed, 23 Jan 2013 14:31:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/23/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/14/GBP/JPY is an excellent tool to study the Yen trend and its medium/long term signals. The long time series and its huge market liquidity are the best elements of this cross. As we can see from the chart, we have adopted an effective model that provides the primary signals based on the moving averages, to be precise the average at 65 and 105 weeks, respectively positioned at 126.30 and 127.50 at the moment. Although the canonical delay that characterizes the signals offered by the movingMon, 14 Jan 2013 09:55:15 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/14/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/07/The precision of our forecasting model based on the existing positive correlation between the basket of the Eastern European currencies (Czk, Huf, Pln) against Euro and the Chinese stock market is amazing. In November 2011 the ratio between Euro and the Eastern European currencies had successfully intercepted the top of the Shanghai Composite 16 weeks in advance; therefore, in August, the exchange ratio anticipated the bottom under 2000 of the Chinese stock market. At the moment, the twoMon, 07 Jan 2013 09:33:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2013/01/07/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/18/The CLP/USD cross rate (Chilean peso against U.S. Dollar) tends to move together with the DJ UBS Metal for a long time and this is due to the obvious considerations connected to the mineral wealth of this Latin American country. Obviously there are periods of divergence as the resounding one in 2007 or the one in the middle 2012, but the trends remain aligned in the long term. The DJ UBS Metals has refused, for the umpteenth time, to fall below the bottom of 2010, and now threatens the downTue, 18 Dec 2012 08:08:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/18/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/10/The coming week is going to be a very important one for the Swedish Krona. In fact Sweden will publish the data on inflation and unemployment on December 13th. EURSEK comes to this appointment with a very intriguing technical situation. The cross has tried several times to force the 200-day moving average of 8.69, but without success so far. Graphically there are two possible scenarios. Either a bullish head and shoulder would be formalized with the breaking of 8.69 and 8.90 would be the firstMon, 10 Dec 2012 09:03:23 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/10/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/05/Clearly there is an intermarket logic behind (India's largest consumer of gold) but the correlation  between the exchange rate Dollar  / Rupee (here on reverse scale) and the XAU Index (gold stocks) seems to be very interesting. It's easy to note that in September the relationship has come to be close to  -0.80 (it is calculated XAU against USDINR), a very high value for two different markets. Anyway, the movements are in line with the renewed weakness of the Rupee, whichWed, 05 Dec 2012 09:45:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/12/05/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/26/We know this is a very delicate moment for the Brazilian Real. The upward movement of USDBRL of the last two weeks has brought the change above 2.07, the upper wall of the continuation triangular pattern started in May after the maximum of 2.095. We know that this is a wave 4 and that the current movement could be the fifth wave of the bull market started in the middle of 2011, however we believe  that a new violent upward ripping will unlikely happen in the short term. The RSI hasMon, 26 Nov 2012 09:19:07 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/26/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/19/The analysis model that we use in our weekly report (named Forex Strategist), based on the hedge fund long / short exposure on the futures market, has enabled us, once again, to consider in the best way the Mexican currency exposure. For weeks, it was practically impossible finding a speculator who had open short positions of MXN; this is a sentiment condition that  suggests to stay away from the Mexican Peso from a different point of view. At the end of September we had reported how theMon, 19 Nov 2012 11:14:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/19/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/12/Following the analysis of the leading ability of AUD/NZD on Oil prices, there have been some events in the last few weeks that are worth noting. AUD/NZD tried breaking downward the bullish trend line in place since 2009, but for now this seems to be a false signal, considering the rapid and violent rise of the cross above 1.2580. While the exchange ratio of this movement could be an important sign of relative strength for the Aussie on the Kiwi, the matter about the oil it is very interesting.Mon, 12 Nov 2012 10:12:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/12/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/07/GBP / CHF is characterized by a secular 33 quarters cycle, which has absolutely respected the expectations of the last quarter of 2011; its historical low of 1,147 has given the strength to restart the market until the current 1.50. However, if we consider the short term analysis, we can see a new positive time window for those who want to ride this secular trend. Starting from the low of last December, GBP / CHF (long Sterling short Franc) has realized with a great precision a primary lowWed, 07 Nov 2012 09:32:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/11/07/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/29/USD / JPY is above the psychological threshold of 80, and it seems to be in earnest. The bullish movement started at the end of September from 77.41 has gone above the 65 week moving average; this is quite a good indicator, able to contain any attempt of bearish trend reversal (which goes on from 2008), except for the period from March to May 2012. USD / JPY has now reached the overbought threshold (Rsi at 13 days above 70 points), but as we can see from chart number 1, in terms of 15 week RateMon, 29 Oct 2012 10:07:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/29/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/22/A good forecasting tool used to predict the performance of the emerging currencies is the Food Price Index compiled by the United Nations. Looking at the graph we can see a close correlation between the index of world food prices and the JPM Emerging Currency Index. When the Food Index is above the 10 month moving average, the bull market of the emerging currencies is guaranteed (as happened in 2002-2008 and 2009-2011), vice versa when the Food Index goes below the reference moving average, theMon, 22 Oct 2012 09:53:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/22/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/16/The Rand weakness movement has pushed back the currency by 6% in a month, a very interesting move for those looking for efficiency and lower currency risk for their investments. The good news is that, as the Turkish lira in the past year, we believe that the Rand will provide an excellent opportunity to enter in the most messy phase of the decline, while the bad news is that, according to our technical vision, entering now is premature. Let’s observe the chart: the average at 200 days (8.03) ofTue, 16 Oct 2012 08:44:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/16/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/01/It does not sound like a good time to buy Polish Zloty at the moment. The angry reaction of area 4 against Euro is based on a number of technical support projections that left not so many doubts on the occurrence of at least one rebound. On a weekly scale we have a bullish engulfing pattern that is able to close its corrective wave C started from 4.44 in June. In area 4.00, C matches A (i.e. the movement of 4.60 - 4.08 December 2011 - March 2012); still at 4 the bullish movement started in 2011Mon, 01 Oct 2012 08:42:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/10/01/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/25/From 2008 onwards the correlation between the gold mining stock index (XAU) and EUR / AUD (here on reverse scale) has been quite strong and this is also evident in graphical terms. In practice, when the golden stocks go upward, the Australian ones strengthens and EUR / AUD falls. From the beginning of August, however, the two variables are completely unrelated; the strong rebound of the XAU has been  accompanied by a reverse movement of EUR/AUD and by the weakness of Aussie generated inTue, 25 Sep 2012 10:06:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/25/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/17/The answers coming from the crucial moments of the market are used to set new strategies with optimal risk-return relationships. Sentiment and oscillators have easily allowed us to intercept the current rebound of EUR / USD. At this point we can find the two standard deviations of the linear regression line, but in this same point the spread between U.S. and German CDS offers a remarkable resistance and equal to -15 basis points. Let’s dwell on this. As we can see, before the outbreak of theMon, 17 Sep 2012 10:25:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/17/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/10/Mon, 10 Sep 2012 10:39:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/09/10/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/08/20/With a 4% of appreciation during the last month, the Swedish Krona is the best performer in the currency market against the Euro with a performance at 1 year even higher than +13%. It seems now quite clear that the strong movement of reinforcement that has gained strength since May 2012 after the test on the average at 100 weeks of 8.9 (supported by the formalization of the bearish head and shoulder in late June), has as its target the lowest level from the birth of the single currency of 8.05Mon, 20 Aug 2012 09:13:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/08/20/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/08/13/The correlation between the CHF/HUF cross and the European Stoxx 600 Banking Index offers the investors at least the ability to understand whether the financial sector still has room for improvement and if we are facing significant technical events. The strength of the Swiss franc against the Hungarian Forint (CHF/HUF) has always meant, from 2008 onwards, a weakness in the banking sector and, graphically, we can see that the correlation between two variables is very high. In the last few weeksMon, 13 Aug 2012 13:33:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/08/13/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/30/There are some technical indications that deserve respect, especially when they really might realize. The short USD/CHF seems to be one of those. Let’s observe the chart: the bearish trend in place since 2000 is coming close to the two standard deviations of the bearish regression straight line (1029). The moving average reference (48 months and equal to 1.00) is now under pressure and in 2005, in 2008, in 2010, despite some marginal slippage, has always provided an excellent opportunity toMon, 30 Jul 2012 09:17:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/30/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/22/Probably few people know the Israeli currency, the Shekel, and much less expect to find in the exchange rate between U.S. Dollar and Shekel (USD / ILS) interesting intermarket relationship. This cross rate is worth mentioning for two reasons: the first one is connected to a break of a bearish trend in favor of the Israeli currency that had been going on since 2006; the second one is linked to movements in sync that USD / ILS and WTI Oil have had over the last 5 years (WTI is shown graphicallySun, 22 Jul 2012 13:24:24 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/22/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/09/Gold just cannot break away from the support band at 1500/1600 $ per ounce, and among the causes we can identify for this lack of thrust of the yellow metal, there is obviously the inverse correlation that ties it to USD / JPY. As shown in the upper graph (USD / JPY is on reverse scale), since 2007, gold and USD / JPY move in harmony, the gold rises if USD / JPY falls and vice versa. No coincidence that since March 2011, month of the Japanese earthquake and minimum of  72.25 for USDJPYMon, 09 Jul 2012 08:23:28 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/09/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/01/Gold just cannot break away from the support band at 1500/1600 $ per ounce, and between the causes we can identify for this lack of thrust of the yellow metal: there is obviously the inverse correlation that ties it to USD / JPY. As shown in the upper chart (USD / JPY scale is reversed), since 2007, gold and USD / JPY move in lockstep, as the gold rises if USD / JPY falls and vice versa. No wonder that since March 2011, month of the Japanese earthquake and minimum of 72.25 for USDJPY (laterSun, 01 Jul 2012 07:07:03 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/07/01/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/25/Bearish signals are multiplying on the Dollar and this week, following the 4th June article " EURUSD fall is going to stop, agree to PPP theory ",  we want to strengthen further the idea that the Dollar Index  will shortly meet the down trend. The graph shows at the top the spot price of the Dollar Index, at the bottom the Roc at 1 year and in the central part the hedge funds long-short position and the relationship of this with the open interest. The black dashed vertical barsMon, 25 Jun 2012 08:30:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/25/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/18/It seems that both the Australian Dollar and the New Zealand one are ready for a new showing of strength of the oceanic currencies, or weakness of the dollar when viewed from the opposite side. Obviously with the premise that this analysis has to exclude a scenario of financial meltdown as in 2008, the ultimate technical indicator we use to evaluate the best timing of entry of long NzdUsd, that is the difference between spot price and average at 200 days, has reached an optimal levels. As weMon, 18 Jun 2012 08:56:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/18/http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/10/Sun, 10 Jun 2012 13:48:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@ageitalia.net (AGE Italia)http://www.fxstreet.com/technical/analysis-reports/currency-brief/2012/06/10/