http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-15.htmlMany 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  Sun, 15 Nov 2009 20:56:42 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-09.htmlLong term trends by their nature don't turn easily. The last two weeks we have seen counter trends and we have reversed to about half of the original gain by the USD. There are many arguments to be made for both a weak and/or a strong Dollar going forward. What I do know is that this trend has lasted surprisingly long and should at least correct in a reasonable period of time. USD Index- The bottom is not assured yet and the risk to both directions is about equal. What I would say is a new lowMon, 09 Nov 2009 05:30:24 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-02.htmlThe markets are definitely moving towards a break-out or reversal as daily volatility has returned. As the long-term trend has been quite one-sided it stands to reason that this could signal a larger reverse. I will caution that there is always a chance the trend will end with a bang and a further push to new highs and lows on some currencies pairs is possible. The other consideration of course is that a strong pull back in wave 2 on the Index is also a possibility. However I think the bottomMon, 02 Nov 2009 01:34:36 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-11-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-26.htmlThis may be a USD bottom but I am still using caution until we see more evidence a turn has started in earnest. USD Index - The trend is still intact. 75.00 may prove to be the psychological barrier however a true break has not yet occurred.   EUR/USD - I am still cautious due to the nature of the pull back from the top of 1.5059. The shape is not what I would like to see from an Elliott Wave view. However I have been wrong before about initial wave structures and I still seeMon, 26 Oct 2009 04:44:22 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-19.htmlMon, 19 Oct 2009 02:27:28 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-11.htmlLast week the dollar gained as the week ended with a significant move back to the resisting trend-line on the USD Index. I would say that price action above 77.45 is what could signal a change in trend. So expect further dollar strength in the next day or two and longer term if the price breaks out above 77.45.  USD Index - Bottoming EUR/USD - Follow through to the downside is expected GBP/USD - Some follow through tot the downside is expected USD/JPY - Bullish engulfing candle wouldSun, 11 Oct 2009 23:19:38 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-05.htmlLast week we saw continued USD strength albeit choppy at times and not all currencies saw big moves. The GBP was one currency that held up fairly well for the week. What happens this week could determine the overall long-term trend. At this point it looks like the week could start with Dollar weakness. There is still a lack of evidence that suggests a run towards the USD is underway, so use caution and look more for range trading rather than break-outs.   USD Index - Will theMon, 05 Oct 2009 03:45:35 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-10-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-28.htmlI'm not convinced quite yet that the Dollars gains are going to hold without at least a strong pull-back or even new tops and bottoms on many currency pairs. The USD Index itself has yet to cross over its long-term trend-line started back in March and the current move of dollar strength has yet to display real signs of impulsive characteristics. When I teach Elliott Wave, I always stress the following: The most important thing to remember when trying to determine the generalMon, 28 Sep 2009 00:23:22 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-21.v02.htmlI've been looking for a sign that a bottom is in place on the USD (EUR/USD top), while also making note that we should not expect a strong downside move as long as long-term trend-lines are in place. This still seems to be the case. The Dollar index does appear to forming an ending diagonal but it is difficult to say a terminus is in place. In fact what what looks likely is a correction and further downside over the next few weeks. So a correction is possible however I still caution a longerMon, 21 Sep 2009 03:35:42 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-21.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-12.htmlIn last week's report, I suggested the USD was likely to weaken further for at least the beginning of the week. Indeed the theme for almost the entire week was Dollar weakness almost across the board. However this coming week is looking a little different with most currencies somewhat overbought against the USD. Potential for some continued weakness is still possible however I do think we are close to the Rubicon. Friday's volatility marks the typical struggle between bulls and bears nearSat, 12 Sep 2009 04:15:12 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-06.htmlThe USD is still not strengthening overall and is for the most part range bound. So long-term trends for the most part, are still holding. Break-outs loom on some currencies but I would be leery of a sudden reversal in them such as the AUD and NZD.  USDindex - New bottom still possible (Almost expected) EUR/USD - Could be forming either a triangle or ending diagonal GBP/USD - Did not break key support at 1.60 USD/CHF - No clear break yet USD/CAD - Could be forming a triangle andSun, 06 Sep 2009 17:44:10 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-09-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-31.htmlIt seems like we are waiting forever for the larger turn. Well there is mounting evidence that one is at hand albeit not quite started in earnest. I'm showing "Weekly" charts this week as the candle patterns are valuable.  USD/Index - No clear pattern EUR/USD - Some evidence of a top forming/formed GBP/USD - reversal form top is sharp and has crossed the support trend-line AUD/USD - Forming a top? topped? NZD/USD - Topped/topping? USD/CAD - Bottoming/bottomed? USD/CHF - Tough call -Mon, 31 Aug 2009 11:58:41 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-31.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-24.htmlThe wild price action on Friday suggests that we may yet see one last push to the highs and maybe even a few new tops. The question remains what happens once we reach the tops again? I have been trading Forex for more than 5 years and it doesn't surprise me when it seems to take forever to change a trend. I continue to point out, there are important key trend-lines that are holding. As long as they are, the risk to the upside remains. Going into the last week of the month, I would expect a lotMon, 24 Aug 2009 03:48:59 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-16.htmlIndeed 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 interestingSun, 16 Aug 2009 22:52:08 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-09.htmlIndeed closing the week with such a strong move could indicate a bottom is in place in on the USD (EUR/USD and GBP/USD tops) however I'm not quite ready to call it yet. I do think that for the week to come the overall potential is for USD strength but I would suggest that further evidence of a break-out would be in order by way of breaking the the six month old major trends-lines.Sun, 09 Aug 2009 20:49:14 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-03.htmlThe USD is breaking down. And I expect a little more USD weakness But... This puts all dollar traded currency pairs back into severely overbought territory. I am a bit of a contrarian. I would ask the question this week of; When is too much just simply "Too Much"? I would not be surprised if we see a blow off and reversal some time this week or next. Good trading.   USDIndx - Watch for action around this triple bottom. EUR/USD - Will this pair triple top? or break out? GBP/USD - SearchingMon, 03 Aug 2009 05:00:19 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-08-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-27.htmlThis week it is a difficult to determine which way the trend might go. All but the USD/CAD reversed on Thursday and all those pairs retraced the majority of those moves on Friday. With this in mind a rejection or break of Friday's high's might well be the best way to determine how to trade this week.   Cheers and good trading. EUR/USD - Still forming a potential triangle as the pattern expands GBP/USD - Lower high may be in place for now... USD/CAD - Bottom or at least aMon, 27 Jul 2009 00:50:27 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-20.htmlBoth the EUR/USD and GBP/USD moved up as anticipated last week. Although lines were breached reversals occurred and the overall patterns held. Where we go from here will dictate the price action for the rest of the month. EUR/USD - The triangle pattern is still in play - A sudden reversal took place on Friday to return the price back below the trend-line. So... Will the top hold or will there be more upside? GBP/USD - I still maintain the potential of an ending diagonal in formation, however IMon, 20 Jul 2009 15:24:34 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-13.htmlI've presented Elliott Wave Counts on both pairs this week that still suggests new tops are possible. However I would say my confidence is at best 60% towards this outcome. Right now I suggest short to medium term trades until this range is properly broken.Mon, 13 Jul 2009 01:04:20 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-05.htmlThe Dollar index is not giving any clues this week on where it may be headed. The EUR and GBP however have made temporary tops so it will be interesting to see if these levels now become more permanent turning points. I'm showing the weekly charts this week as the candles/bars may be very relevant.  USDindex - No real directional bias EUR/USD - Will last week's top hold? GBP/USD - Indication of at least a potential temporary top USD/CAD - Reversal still in vogue EUR/JPY - last weeksSun, 05 Jul 2009 23:59:19 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-07-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-29.htmlPrice action on most pairs has been range bound for the month of June to the noticeable exception of the USD/CAD. With June coming to an end as the second quarter just prior to the 4th of July weekend, high volatility is certainly expected. Most traders and fund managers will be taking profit or cutting losses to close out the first half of the year on all markets. Bear in mind that the stock markets have put in an incredible performance in this second quarter and profit taking may trigger aMon, 29 Jun 2009 15:47:17 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-22.htmlLast 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 finalMon, 22 Jun 2009 02:06:22 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-14.htmlStaying focused on the USD index as it is the proxy for virtually all other currency pairs we can see that there are two very distinct scenarios playing out. I have posted two potential counts and am not bias either way as I believe both are equally possible at this time. And in fact, counts could require updating as the move up is still not clearly a reversal and may still be some sort of correction before a return to new lows. What I do believe is that if the alternate count is playedSun, 14 Jun 2009 23:28:20 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-07.htmlLast week I focused solely on the Dollar Index as it was due for a hard and fast turn. Indeed the flip happened and we saw an unprecedented two day move towards USD strength, the likes of which we have not seen for several months. So... is this now the turn? As always, I see things as probabilities as no one has a crystal ball. Having said that; the move is very strong which is a good piece of evidence to consider. The channel resistance has also been broken so this adds to the possibility.Sun, 07 Jun 2009 21:55:58 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-06-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-31.htmlThis week I'm fully focused on the USD Index. From many perspectives it is entering oversold territory. Potential Elliott Wave count suggests we are in the last 5 wave cycle Trend is over-extending at the bottom of the channel Indicators suggest oversold COT (Commitment of Traders) at extremes Trends are time mature There is a likelihood of continued bear action to begin the week however evidence continues to mount that the current cycles are due for a sharp flip. My thought is once theSun, 31 May 2009 20:12:29 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-31.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-25.htmlThe Dollar index is at an important barrier and oversold. Will this be the pivot point for a turn or will there be some downside still before a larger turn. I do think risk is moving towards dollar strength but the only evidence currently is oversold indicators. EUR/USD Similar to the index... where will the turn come? GBP/USD After a sudden reversal and then dramatic new high this pair is also over-bought but resistance also difficult to identify. EUR/JPY Recent price action looks corrective,Mon, 25 May 2009 16:14:10 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-17.htmlObserving the charts this week it looks like there is opportunity for more dollar weakness but I also see some evidence where a thrust against the dollar could be the catalyst for a bottom. I would expect the week to begin with a little more dollar strength giving way once again to further weakness and then the potential formation of a longer term bottom.   USD/Index There is still room for weakness however the move is oversold. EUR/USD Has this topped? or is there one more top to come?Sun, 17 May 2009 21:16:50 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-11.htmlIt is interesting to see that the Dollar Index broke an important trend-line and price action now has only barriers for support. Most Dollar pairs are showing potential signs of  further reversal so it is difficult to access whether this is a trend change or just a pause in further USD weakness. I would suggest we may see prices struggle in a range for the beginning of the week and then the possibility of blow-off tops and bottoms on many pairs.   $Index The price actionMon, 11 May 2009 18:04:26 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-03.htmlFrankly I am a bit puzzled be the price action at the end of last week. The key technical factors that I tend to watch are somewhat contradictory at present. As much as we are due for some USD strength, there are signs that some further weakness may also be at hand. I think caution is called for and an expectation that a sudden swing in sentiment may be at hand in either direction. USDIndx Here where there is a technical gap and yet price action as seen in the last dailySun, 03 May 2009 21:33:04 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-05-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-26.htmlOverall it appears that there is still some taste for risk appetite. As much as I expect some re-tracement to start the week, the overall look of most daily charts suggest to me that we have a little more momentum towards USD weakness at this time. Early last week I posted in my blog an Elliott Wave count that may be playing out. Please visit:  http://blogs.fxstreet.com/disciplined/2009/04/20/possible-track-for-eurusd-longer-term/  Here are the charts for this week USD/IndexSun, 26 Apr 2009 19:16:17 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-19.htmlThe Dollar has been stuck in a range for the last few weeks and is reaching a potential break-out point. The larger picture fundamentally suggest we should see a stronger USD. Not because they are in such good shape but should the EURO be holding up as well as it has? is really the question. We are reaching an area where if broken, acceleration of USD strength could ensue. Having said that, we have not yet crossed over that point, however the break points should be strongly observed. I wouldSun, 19 Apr 2009 20:41:08 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-13.htmlfrom the look of the charts, I would expect more corrective action this week. In particular I am very curious to see what the Loonie does this week as it has been gaining on the USD faster than the other majors. The action around it's low on Friday should be watched closely.   USD Index. Not much to go on. EUR/USD Friday's low has been rejected. A little upside to start the week perhaps GBP/USD Choppy price action suggest correction which (when complete) should give way to an upsideMon, 13 Apr 2009 12:15:08 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-06.htmlI'm not so sure of the current direction however there seems to be technical targets that suggest a little more Dollar weakness before the sentiment shifts. USD Index EUR/USD - My bias is to the upside but my conviction is not at all strong GBP/USD - With the break of the trend-line the upside possibility is strong. However some retracement may happen first. USD/CAD - It hard to tell if we will re-visit the lower trend-line however it seems to be the most reasonable assumptionMon, 06 Apr 2009 03:10:52 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-04-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-30.htmlWe are in the middle of a range now and it is difficult to establish an argument technically about where the currencies should move vis-a-vis the USD. My preference for now is to move to shorter term trading while waiting for the patterns to unfold this week. Dollar Index. Not at all clear on direction. EUR/USD A break from 1.3260 should provide direction GBP/USD Trend-line rejection seems strong USD/JPY I'm expecting one last thrust downward however I'm not clear if the pair has topped.Mon, 30 Mar 2009 03:12:48 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-23.htmlThe view of the Dollar index is quite different this week compared to last. The question now is will this move continue or will we reverse once again towards Dollar strength. My view is that the lower trend-line may be a reasonable target however the price action getting there could be very choppy. This week could prove to be a mostly corrective affair with the EUR and GBP entering into fairly choppy price action. USDIndx There is a barrier around 82.20 that could be resistance this weekMon, 23 Mar 2009 16:30:34 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-16.htmlThe focus over the last few weeks has been the USD index. The level at 87.35 is proving to be the place to watch for a break or re-tracement. As I prepared this post the price was right on that pivot point. I'm sure a very volatile move is about to take place in a retrace or break-out to the downside. The price action is not yet revealing which way this should go from here. So stay aware and vigilant to what will happen in the coming 24 hours. Cheers and good trading.Mon, 16 Mar 2009 04:56:49 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-09.htmlThis week my focus is the USD index. The index represents the general value of the USD as measured against several other currencies. It is a good indicator of the general trend for the USD when patterns may not be so clear on other pairs. Then, if the Index provides a strong signal you can look for entry and stop levels on the  EUR/USD and GBP/USD pairs. The current view offers the strong possibility that a top is in place and that we are headed down. The best place to consider becomingMon, 09 Mar 2009 04:02:18 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-03-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-28.htmlLast week I wrote about the double top on the USDIndx. We saw some dramatic moves around the highs and the price has come back to rest once again within pips of this important level. What is noteworthy is we briefly broke the old high and came back a market-close to rest just below this critical line of .8843. So although there is a lack of real clarity in the direction the moves at the beginning of the week, (maybe even Sunday at opening) will likely be fast and furious. Look for extremeSat, 28 Feb 2009 15:45:53 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-23.htmlThis week the focus for me is on whether or not the trend has changed. Many currency pairs have now had varying degrees of re-tracements and so the question becomes will these moves continue or are these just corrections that will suddenly reverse once again. Fundamentally it is hard to tell. The situation in Europe is such that the Euro really shouldn’t be seen at this time as a quality hold during difficult times. This is not to say things are much better in the US, however overall the USDMon, 23 Feb 2009 01:08:23 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-16.htmlI am just focusing on two pairs this week that are providing a glimpse into things to come. I often talk about fractals in the form of patterns that repeat themselves in a diminishing form moving to smaller and smaller patterns of similar shape. When this happens at the point where the pattern breaks down we see volatility return and a breakout ensues. I can't help but notice two pairs in particular that are displaying potential in this manner. Here' a look at those pairs and the levels toMon, 16 Feb 2009 14:17:28 GMThttp://www.fxstreet.com/technical/analysis-reports/admin@TradingMetro.com (Trading Metro)http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2009-02-16.html