FX Weekly Report
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USD has started strengthening − Is the trend changing?
Sun, Aug 16 2009, 22:52 GMT
by Pierre Charlebois
Trading Metro | View company's profile
Indeed it is always difficult and dangerous to try and pick key reversals in
any market. So it is with caution that I am viewing the lasted
strengthening moves by the USD. Having said that however, more evidence is
showing up to suggest that more USD strength is at hand.
I am posting an Elliott Wave count on the Dollar index that I put together
last Thursday and as I always say: "If correct", it suggests a larger turn is at
hand.
The next few days, weeks and months could be quite interesting in all
markets.
Dollar Index - Due for a some strength?

EUR/USD - The week ahead for this pair is quite important in establishing the
trend

GBP/USD - This pair is also sitting at a pivot point

USD/CHF - This pair is a difficult read

USD/CAD - Is the bottom in place?

AUD/USD - Interesting candle formation

NZD/USD - Another reversal candle pattern on the daily

USD/JPY - This pair has good break-out points defined

EUR/JPY - Again a pair that is in the middle of a range but has a defined
break-out line

Published on
Sun, Aug 16 2009, 23:01 GMT
Archive
- USD - From Zero to Hero
Published On Mon, Dec 21 2009, 16:24 GMT
- USD strengthening - Will this continue?
Published On Mon, Dec 14 2009, 05:45 GMT
- Volatility hits 6 month high in many Forex pairs - What does this signal?
Published On Mon, Dec 7 2009, 02:23 GMT
- Volatility remains high as the US Dollar continues to try and reverse its fortunes
Published On Mon, Nov 30 2009, 05:05 GMT
- Dollar could be reaching the Rubicon
Published On Mon, Nov 23 2009, 02:09 GMT
[ View All ]
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