FX Weekly Report

4

0
USD in range − Patterns unclear
Mon, Jun 22 2009, 02:06 GMT
by Pierre Charlebois
Trading Metro
Last week I wrote how the patterns are unclear and it is still very
difficult to gauge which way the bias should be on the USD. Indeed we
saw the USD loose some of the ground it recently made up.
This
week is no different. Overall I still favor USD strength in the longer
term, however in the short to medium term, momentum could shift either
way.
Virtually all USD pairs have been moving in a choppy
manner. In such cases this can equally signal the beginning of a trend
or simply a final correction prior to a terminal thrust.
The last 10 days of the month should provide either a final thrust up or an accelerated continuation.
What I have attempted to do in this week's report is; identify where the reversal/break-outs should occur.
Cheers and good trading this week.





Published on
Mon, Jun 22 2009, 02:11 GMT
Archive
- 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
- Dollar could gain more this week - Critical juncture on Index
Published On Sun, Oct 11 2009, 23:19 GMT
- USD on cusp of break-out - But will it happen in earnest?
Published On Mon, Oct 5 2009, 03:45 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
US: employment, not as bad as it looks by Danske Bank A/S
Fri, Nov 6 2009, 18:50 GMT
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
US Employment: Skills and Policy Issues—Beyond Stimulus by Wells Fargo Investments, LLC
Fri, Nov 6 2009, 15:25 GMT
Canadian employment: A part-time youths story in October by National Bank of Canada
Fri, Nov 6 2009, 14:03 GMT
indicator, usd
View All
Related content
Yen surges against Pound and Euro on weak U.S. employment data
FXstreet.com | Fri, Nov 6 2009, 14:06 GMT
Forex: USD/CHF jumps to test 1.0200 following Non-Farm payrolls data
FXstreet.com | Fri, Nov 6 2009, 14:04 GMT
Forex: GBP/USD: Pound plunges from 1.6585 to 1.6525 on weak payrolls data
FXstreet.com | Fri, Nov 6 2009, 13:51 GMT
Forex: USD/JPY tumbles to 90.05 after NFP
FXstreet.com | Fri, Nov 6 2009, 13:50 GMT
Forex: USD/CAD rises to 1.0740 after the NFP data
FXstreet.com | Fri, Nov 6 2009, 13:50 GMT
indicator, usd
View All
The Advisor Weblog » Starting the day
Fri, Nov 6 2009, 10:59 GMT
The Trader’s Edge » EUR/USD Non-Farm Payroll Analysis
Fri, Nov 6 2009, 08:23 GMT
The Disciplined Trader » USD gains reversed… Will this challenge old highs and lows?
Thu, Nov 5 2009, 01:29 GMT
FX Path » Gold - Hitting New Highs
Thu, Nov 5 2009, 01:28 GMT
1st on Forex » The Week Ahead:NFP - FOMC - CIT and Familiar Chart Patterns
Mon, Nov 2 2009, 08:32 GMT
indicator, usd
View All
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 29th Edition
Wayne McDonell | Fri, Oct 3 2008, 11:30 GMT
Back to Basics: RSI
Adam Rosen | Mon, Oct 13 2008, 13:00 GMT
Dan Blystone's Daily Briefing
Dan Blystone | Wed, Oct 15 2008, 16:00 GMT
Dan Blystone's Daily Briefing - Free Access Day
Dan Blystone | Thu, Oct 16 2008, 16:00 GMT
Back to Basics: MACD
Adam Rosen | Wed, Oct 22 2008, 14:00 GMT
indicator, usd
View All