http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-10-30.htmlWe've got a great Fibonacci pattern here, with divergence as well.  The first time we bounced up the resistance held.  Price touched the envelope and bounced up again after hitting the 127% extension at 1.0166 as well. We are once again moving up.   The 21 EMA is on it's way to meet us at the 0% Fib at 1.0782 where a third divergence forming as well. What happens next will depend on whether this level holds as resistance or breaks and becomes our new support.  If itFri, 30 Oct 2009 22:25:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-10-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-09-24.htmlThis past week brought some big breakthroughs for the EUR/USD pair, completing a long-term Fibonacci pattern which started back in March. After a break and retest of the 161.8 Fib level at 1.4661, the Euro began toclimb again to the 200 level at 1.4739.  It thenreturned to the 138.2 level where it found support at 1.4613, and climbed again above the 200level which has now has been broken and retested as the new support. If price now breaks the 261.8 level at 1.4865 level and retests itThu, 24 Sep 2009 01:22:10 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-09-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-03-16.html  We are approaching a key level for the Japanese Yen vs. the US Dollar, one which proved to be of significance back in March of 2008, and again in November.  If 98.50 holds as resistance, then we would likely head back to retest 95.74 as support (this also corresponds to the weekly 21 EMA). If price can stay north of that line, and eventually break 98.50 resistance to find some support there, the next likely targets would be 100.56 and 102.44   If, on the other hand 98.50Mon, 16 Mar 2009 20:04:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-03-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-01-13.html  The British Pound has been steadily declining against the US Dollar since reaching its high of 2.1160 in November of 2007.  Have we finally reached bottom, or are there further lows in store? To answer that question, we would first need to see price break out of its current range between 1.4481 and 1.5564, a range which has effectively been in place since early November of 2008. We currently find ourselves beneath a key Fibonacci level at 1.4738, and moving down quickly towards theTue, 13 Jan 2009 13:33:18 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2009-01-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-10-22.htmlThe AUD/USD pair has shed over 3500 pips in a dramatic sell-off which has lasted since July.  Have we finally found a bottom? Currently, the Aussie is ranging between the 161% Fibonacci level at 0.6537 and the 138% Fib level at 0.7019 - what happens next very much depends upon which side of this range price eventually chooses. If we break above 0.7019 and successfully re-test that level as support, then we may eventually see price rise to 0.7801 If, on the other hand, 0.6537 fails to holdWed, 22 Oct 2008 20:29:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-10-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-10-08.htmlThe Euro has fallen sharply against the US Dollar in recent weeks, finally finding a bottom a few days ago at 1.3332, which corresponds with a 61.8% Fibonacci retracement from the all-time high of 1.6037 Where do we go next from here? Currently, price is in the process of moving up to test the next Fib level at 1.3848, meanwhile the daily 21 exponential moving average is gradually working its way down from 1.4081 - what price does when it reaches that level will give some clues as to furtherWed, 08 Oct 2008 21:08:00 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-10-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-25.htmlThe Euro has spent the past few days ranging against the US Dollar, after completing a perfect 61% to 161% Fibonacci move.  How will we know when the next big move is under way? The top end of the range is marked by a Fibonacci resistance level at 1.4708 - a break above this, followed by a re-test as support, would likely take us up to re-test the prior 1.4850 high, with a secondary target at 1.5078 should that break. On the bottom, support is being provided by the 21 exponential movingThu, 25 Sep 2008 12:16:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-19.htmlThe recent turmoil in the financial markets left many currency traders unsure of the next direction.  This can perhaps best be seen in the recent price action of the USD/JPY pair, which is experiencing high volatility and a daily range with support at 104.13 and resistance about to be tested again at 106.73 If price can break above 106.73 then hold that level as support, we could see a move up with the next targets at 107.48 and 108.09; if not, then a bounce would likely bring us down toFri, 19 Sep 2008 01:19:02 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-10.html  After hitting last month's targets and a brief retracement back up to test the 200 moving average as resistance, the GBP/JPY has resumed its downward movement. Where will the unwind of the carry trade eventually leave us? Our current projection, based upon a 38.2% Fibonacci retracement, is at 178.71, with price likely to encounter support along the way at 188.82 and 184.32 197.84 will likely act as resistance, capping off any surprise moves to the upside.Wed, 10 Sep 2008 13:48:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-03.html1.7629 is a key level to watch on the Cable.  So far, it has held as support - and now price is on its way back up to test 1.7851 as resistance.  What happens next will be critical. If price manages to break below 1.7629, and successfully comes back up to re-test that level as resistance, then we could see the drop continue as far at the 1.6943 to 1.6931 range. If we can manage to stay above 1.7851, then we have seen our bottoms for now.  If so, targets to the long side would beWed, 03 Sep 2008 16:36:10 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-09-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-27.htmlThe Loonie has hit both of our targets from the prior week.  Where is this pair headed next? 1.0445 is the key level to keep an eye on.  A drop below, followed by a successful re-test as resistance, may bring further targets at 1.0358 and 1.0272 into view. More likely, price will range between 1.0445 and 1.0553 a while, at least until we get some key inflationary data out of Canada on Friday. A break above 1.0553, followed by a re-test as support, may mean we're on our way to test theWed, 27 Aug 2008 10:04:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-20.htmlThe GBP/JPY pair is beginning to consolidate into a range - from 202.50 to 205.65 While another re-test of support at 202.50 seems likely, if that level breaks and then re-tests successfully as resistance, then we may see a move down to 200.10 or 198.90 If we break above resistance at 205.65, we should go to 206.59 and then come back down to re-test 205.65 as support.  If price can hold above that level, then targets at 207.60, 209.18 or 210.75 come into view.Wed, 20 Aug 2008 12:16:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-13.htmlHas the USD/CAD finally formed a top?  Perhaps. Indications (both technical and fundamental) are certainly for a drop in the near-term.  What happens in the longer-term very much depends upon on where this drop finds support. Initial targets are 1.0539 and 1.0431Wed, 13 Aug 2008 19:48:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-08.htmlWell, looks like we're in for another fun day today. Big moves already at the start of the European session.  Oil is dropping slightly, and gold by quite a bit - so far it looks like things are setting up for a Dow and Dollar bullish day.  Next support for oil should be 116.34, and for gold at 856.31, meanwhile the Dow has support at 11363 and next resistance at 11702. The USD/JPY has hit our target of 109.94 earlier today, the USD/CHF at 1.0760, and the EUR/USD is almost there -Fri, 08 Aug 2008 10:14:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-05.htmlThe Loonie has been moving quite strongly lately as the Canadian Dollar continues to lose value against a US Dollar which has, for now, found some footing thanks to cooling oil prices.  But a pullback today has everyone wondering if we've seen a top for this pair. For now, perhaps - but longer-term there may be still room left to go. We encountered resistance at the 127% Fibonacci extension at 1.0457, then bounced down to test  1.0411 - also another Fib level. Overall, since theTue, 05 Aug 2008 14:31:40 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-08-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-16.v02.htmlWe've seen some pretty spectacular drops in many of the Yencross pairs these past few days.  Are there more lows in store?  Forthe USD/JPY, the opportunity certainly exists, both from a technical standpoint,and a fundamental one- but some cooling the upside first is a distinctpossibility. We are currently riding along support at 104.01, which coincides with the roundnumber.  Several longer timeframes are warning that we may be near the endof the down cycle, at least forWed, 16 Jul 2008 12:45:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-16.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-16.htmlThe GBP/USD has broken out of the range which it's been in since December of 2007 to the upside.  Now the question remains whether it can sustain these levels, and where it might be headed next. 2.0005 is the key support which we currently find ourselves above, and longer timeframes are suggesting some cooling to the downside is due to any new highs being set.  If 2.0005 should break, 1.9864 is where I expect to find the next support. If a new rally breaks out, then we mayWed, 16 Jul 2008 12:34:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-10.htmlThe British Pound is still very much ranging against the US Dollar. There is a smaller range in play from the weekly S2 pivot at 1.9663 up to the weekly M2 median at 1.9808, as well as a larger range which has been in place since December 2007, which spans from the 0% Fib at 1.9336 to the 50% retracement 2.0248 If price can break out of its current range to the upside, resistance is waiting at 1.9874, 1.9953, and 2.0033; if price breaks to the downside, then look for support at 1.9597, 1.9531,Thu, 10 Jul 2008 11:08:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-03.htmlThe Japanese Yen is currently standing at a key level against the US Dollar, and which way it goes from here could well help determine future trend/direction. Currently price is squeezed into a tight range between the 50% Fibonacci retracement level at 106.69 and the weekly central pivot point at 106.84.  Additional resistance is coming from the 50 moving average on the 4-hour chart, and the 200 moving average on the 1-hour chart. If price can manage to break above these levels to theThu, 03 Jul 2008 16:51:50 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-07-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-25.htmlThe USD/CAD pair stalled inside the anticipated range for about 7 days before finally breaking out to the downside.  Currently we are on our way to down to test support at 1.0070, and if that should break then 1.0010 below that.  To the upside, resistance is waiting at 1.0129 and 1.0202Wed, 25 Jun 2008 20:57:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-11.htmlLet's take a look at a couple technical indicators which mayhave helped to predict the current stall in the most recent downtrend on the USD/CADpair. First, we saw the completion of a Fibonacci pattern.  Measuring the priordown move which began at 1.0321 and came to an end at 1.0196, we saw that allthe counter-moves to the upside found resistance at 1.0244, or a 38.2%Fibonacci retracement.  Statistics tell us that when the downtrendresumes, it will most likely go to 138.2%, orWed, 11 Jun 2008 14:04:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-06.htmlUSD/CHF has found itself in a range the past few weeks, with 1.0200 on the bottom and 1.0545 at the top.  We are currently testing the 1.0200 support once again, and what happens next could well determine the future long-term direction of the Swiss Franc against the US Dollar (which is currently under heavy pressure due to poor employment data, rising oil prices, and a dropping Dow). If 1.0200 breaks and then holds as resistance, the next support levels are waiting at 0.9987, thenFri, 06 Jun 2008 16:09:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-06-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-29.htmlOne week later, the Aussie vs. the US Dollar remains in the range between 0.9539 and 0.9645 If support at 0.9539 breaks (and re-tests as resistance), then we could continue down to test 0.9400, or even 0.9315 below that. If price can bounce off this support level and go on to break the resistance at 0.9645 (re-testing it again as support to confirm), then we could see 0.9697 or 0.9763 tested next.Thu, 29 May 2008 17:01:26 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-22.htmlThe Australian Dollar is continuing its slow but steady climb up.  How much more is in store? Looking back to where the prior leg of the uptrend which began on March 31st, we see a move up from 0.9029 to 0.9539.  Price then retraced 50% to 0.9284 before turning back upwards.  This suggests a likely target might be 0.9854 - but first price needs to find support at either 0.9539 or 0.9465, then break through resistance at 0.9631, 0.9677, and 0.9734.Thu, 22 May 2008 21:56:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-14.htmlThe Euro / Japanese Yen pair just completed a Fibonacci move which started at 158.61, climbed to 161.68, then retraced down to 160.51 (38.2% retracement), and finally rallied up to 162.86 (138.2% extension). There was a brief test of the 50% Fib and weekly pivot at 160.15 leaving a long wick on the 4-hour chart, which implies that we could have a secondary target still waiting at 163.58 (161.8% extension), however first price needs to find strong support at either 162.24 or 161.68Wed, 14 May 2008 20:20:48 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-07.htmlThe Japanese Yen recently completed a Fibonacci pattern starting with a low of 95.74 on March 13th, a high of 102.84 on April 1st, a 38.2% retracement to 100.13 on April 9th, and now a 138.2% extension to 105.55 We have since cooled a bit, coming to a rest at the weekly pivot at 104.77 (a level that also corresponds with the 127% Fib).  Which side of it we continue to trade on in the days ahead may be an indication of future direction. Support is below at 104.12, 103.86 and 102.84;Wed, 07 May 2008 21:03:18 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-01.htmlThe US Dollar had another strong rally today, despite another round of less than positive economic data.  The rising Dollar is pushing the EUR/USD pair down, as less Dollars are needed in exchange for each Euro. The prior drop took us precisely down to the 23.6% Fibonacci retracement, which then proceeded to act as resistance for an entire week.  Today's drop ended at 38.2%, and currently price is taking a breather and slowly retracing back up from there. 1.5415 now remains a keyThu, 01 May 2008 20:07:41 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-05-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-23.htmlThe British Pound is still very much in a range against the US Dollar, one lasting over 4 months now.  While that range is quite large (1.9541 - 2.0160) and provides lots of great trading opportunities, it is still well worth being aware of the key levels. The fact that 1.9851 has failed to hold as support (along with the weekly 21 exponential moving average) suggests that our bottom at 1.9541 may be tested again some time in the future.  If that fails to hold as support, we couldWed, 23 Apr 2008 13:00:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-16.htmlThe EUR/USD has just completed a major Fibonacci pattern, one which has been evolving since Dec. 1st, 2000.  The first leg of the rally started at 0.8225 and completed at 1.3668, near the end of 2004.   The retracement which followed lasted 16 months, and took us down as far as 1.1589 (or 38.2%).  Price is currently hovering just above the 138.2% extension. Does this signal the end of the Euro's bull run against the Dollar?  Certainly, 1.60 is a key level bothWed, 16 Apr 2008 21:06:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-02.htmlAccording to insiders, the ECB has supposedly pledged to "protect" the Euro from rising above 1.60 against the US Dollar, though for now it has shown difficulty sustaining levels above 1.59 (perhaps precisely due to this rumor).  Where the EUR/USD heads next depends largely upon what happens at the key levels it currently finds itself sitting upon. 1.5656 represents the intersection of the weekly pivot, as well as both the 50 and 200 moving averages.  We also have the daily centralWed, 02 Apr 2008 19:58:00 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-04-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-26.htmlThe US Dollar experienced a short rally last week, which came to an abrupt ending after the Easter holidays.   However the reversal came as no surprise for technicians, as it occurred at precisely at the same key Fibonacci level on just about every major Dollar-cross pair.     USD/JPY   Against the Japanese Yen, we saw the Dollar rally to 101.02 (38.2% Fib) after previously dropping a low as 95.74   We now expect to see the next support at 98.64 and 95.74, and ifWed, 26 Mar 2008 21:59:13 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-12.htmlGiven the recent performance of both the Australian economy and the Australian Dollar, as well as the high interest rates Down Under (not to mention all the troubles brewing in the US), one could only expect that any cooling on the AUD/USD pair would be short-lived. But do two consecutive days of gains really mean we've found a bottom for now, and that a new rally is about to take off?  Let's take a closer look... Tracing a Fibonacci pattern which began at the  low of 0.8511 onWed, 12 Mar 2008 16:26:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-03.htmlThe US Dollar has been in decline against the Japanese Yen since June of last year.  But after the accelerated drops seen throughout last week in the USD/JPY pair, today saw a bit of a rally.  Does this signal the end of the drops, or just a momentary pause? The USD/JPY is currently near a key Fibonacci level, and stochastics are hinting at turning upwards.  If Bulls manage to wrestle temporary control, we could see price rising to test resistance at 104.00 and then 104.95 AsMon, 03 Mar 2008 15:57:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-03-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-25.htmlThe EUR/USD pair has been in a consolidation pattern for the past 4 months.  This is normal, considering the bullish rally which has persisted for the past 2+ years, as well as the key 1.50 level which we presently find ourselves hovering just underneath of.  A break above that level could well usher in a new bull rally, perhaps even new era for the Euro itself, along with even further lows for the tumbling US Dollar (think "new reserve currency"). With all this at stake, it is onlyMon, 25 Feb 2008 14:47:14 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-18.htmlThe Swiss Franc is currently trading inside of a range that has held it trapped for over 6 weeks, stretching from 1.0887 on the downside to 1.1104 on the ceiling. This range is quite significant, as a break below 1.0887 would signify new-found strength for the Swissy against the US Dollar, and a possible run down as far as 1.0283 (138.2% Fib. extension).  A move which is supported fundamentally, as interest rates continue to decline in the US and rise in Switzerland, as well as by theMon, 18 Feb 2008 14:27:13 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-12.htmlWe have two reports due out of Japan tonight - the CGPI y/y and the Current Account, both due out at 23:50 GMT. Leading up to it, we find that that the USD/JPY pair has been trading within a range throughout most of the day today.  On the upper side, we have resistance at the M4 median at 107.50, combined with the psychological effect of the round number.  On the bottom, we've been finding support at the 0% Fib. at 107.23 Ideally, we'd see price break out to either side of thisTue, 12 Feb 2008 18:57:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-06.v02.htmlThe Cable dropped since trading opened in London this morning, followed by a brief rally in response to PMI data out of the UK. Price is currently consolidating in a range between support at the S1 pivot point (1.9669) and resistance at the M2 median (1.9699). It is also being gradually pushed downward by its declining 50 simple moving average, forming a flag/pennant pattern. This is a Bearish pattern. At the same time, there is a Bullish divergence forming between price and the MCADWed, 06 Feb 2008 14:45:30 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-06.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-06.htmlThe Construction PMI coming out of the UK today (53.9 vs. 55.0 forecast and 56.0 the previous month) failed to make a huge impact on the price of the Cable. Instead, what we've seen since London opened this morning is a steady climb upwards on this pair. On Friday we had some rather disappointing NFP numbers out of the US, followed by industrial numbers which beat expectations. The latter caused the Dollar to rally, and the GBP/USD pair to fall. What we've experiencing now, after everyone'sWed, 06 Feb 2008 14:41:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008-02-06.html