FX Weekly Report

3

0
Which way is the trend now?
Sun, Nov 15 2009, 20:56 GMT
by Pierre Charlebois
Trading Metro
Many USD pairs are showing sings of potential retreat from their long term
trends. Evidence is mounting but of course, nothing is ever absolute. Let's see
if this week brings follow through on the turn or yet another new low on the
USD.
USD Index - The most obvious support now lies at 74.78, whereas the
resistance is now 76.81

EUR/USD - The last swing high did not actually break the trend high so anything
is still possible here

GBP/USD - There is still a key upward trend-line in place

USD/JPY - Price action still mid-channel. Bias is difficult to assess

USD/CHF - A revisit of Par (1.000) is not out of the question, however the
downward pressure seems to be waning.

USD/CAD - The Dollar/Loonie price action is stuck between two descending
trend-lines. They form potential support and resistance trigger points

AUD/USD - This pair's volatility has jumped in the last week or so - This
often signals a break. the question is which way. The long term trend-line has
yet to fail

NZD/USD - This is one pair that has broken its long term trend-line. However it
is now threatening a break back above the resistance

EUR/JPY - This pair is stuck in the middle of its range - Bias is very difficult
here

Published on
Sun, Nov 15 2009, 20:56 GMT
Archive
- Which way is the trend now?
Published On Sun, Nov 15 2009, 20:56 GMT
- Dollar trying to break-out. Will this be the week?
Published On Mon, Nov 9 2009, 05:30 GMT
- Daily volatility is increasing in all markets including Forex
Published On Mon, Nov 2 2009, 01:34 GMT
- More USD strength is likely but I still question the overall trend
Published On Mon, Oct 26 2009, 04:44 GMT
- Dollar strength still not a given... But
Published On Mon, Oct 19 2009, 02:27 GMT
[ View All ]
Trading Metro
| #310 - Dunsmuir Street. Vancouver, BC V6C 1N5
http://www.tradingmetro.com/ | admin@TradingMetro.com
Legal disclaimer and risk disclosure
High Risk Investment
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
The content provided in this site is put forward in good faith and believed to be accurate, however there are no implicit guarantees of accuracy. The reader accepts that by using this information, he or she will not hold Trading Post Financial Services, Inc., ('Trading Post') responsible for decisions based on information from this site.
This website may contain links to other websites. These links are provided as references to help you identify and locate other Internet resources that may be of interest. These other websites were independently developed by parties other than Trading Post Financial Services Inc. and Trading Post does not assume responsibility for the accuracy or appropriateness of the information contained at, or endorse the viewpoints expressed at, such websites.
Currency trading is risky, it involves substantial risk of loss, it is not appropriate for everyone, and therefore only risk capital should be used for trading.
Risk capital: money that a person can afford to lose. Past performance is no guarantee for future results. Actual trading results may vary.
Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
audusd, eurusd, usdcad, gbpusd, usdchf, nzdusd, usdjpy
View All
Related content
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
Canada Afternoon: C$ Ends Lower Amid Subdued Risk Sentiment
Dow Jones | Fri, Nov 20 2009, 21:12 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Forex: GBP/USD fails to hold above 1.6500
FXstreet.com | Fri, Nov 20 2009, 20:35 GMT
audusd, eurusd, usdcad, gbpusd, usdchf, nzdusd, usdjpy
View All
The Advisor Weblog » Eur/Usd technical perspective
Fri, Nov 20 2009, 12:14 GMT
The Advisor Weblog » Pound falling big
Fri, Nov 20 2009, 12:11 GMT
The Advisor Weblog » AUD/USD testing daily trendline
Fri, Nov 20 2009, 12:03 GMT
FX Market Readings » Expected market moves for week end
Fri, Nov 20 2009, 07:47 GMT
The Disciplined Trader » EUR/USD consolidation will lead to break out - The question is “which way”
Thu, Nov 19 2009, 15:58 GMT
audusd, eurusd, usdcad, gbpusd, usdchf, nzdusd, usdjpy
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
audusd, eurusd, usdcad, gbpusd, usdchf, nzdusd, usdjpy
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT
audusd, eurusd, usdcad, gbpusd, usdchf, nzdusd, usdjpy
View All