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/2012/03/01/We have to wonder, with some members of the EU Commission already talking about a THIRD bail-out for Greece sometime in 2013, and the LTRO (long-term refinancing operations) figures coming in way above expectations, if February’s rally on the EUR/USD is finally coming to an end. Perhaps. But also perhaps not. We’re currently watching a critical support level at 1.3321 – this is not only our central, 0% Fib, but also a prior resistance level from 3 weeks ago (and resistance has a way ofThu, 01 Mar 2012 02:11:48 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2012/03/01/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2012/01/09/  Based on Monday morning's brief bounce up on the EUR/USD, some of the news networks are already calling a new turn for the Euro (the very same networks which were talking parity just a week before).  I'm not quite ready to be a bull just yet. The CFTC just issued their latest Commitment of Traders report, citing an all-time record in bearish positions.  There's another round of talks scheduled this week, attempting to convince bond holders to take a deeper cut in an effort toMon, 09 Jan 2012 10:58:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2012/01/09/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/12/12/Markets for the most part have been bearish on the Euro following a failure to reach any meaningful agreement at Friday’s EU summit, but this may not necessarily be all bad for the future of the fledgling Union.  I may be an optimist, but I’m not quite ready to call the end of the EU nor of the Euro as a currency. While the so-called Eurobond, may have indeed provided an easy out, it would have also encouraged more of the same bad behavior which got so many of the European members intoMon, 12 Dec 2011 12:00:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/12/12/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/09/13/Markets for the most part have been bearish on the Euro following a failure to reach any meaningful agreement at Friday’s EU summit,but this may not necessarily be all bad for the future of the fledgling Union.  I may be an optimist, but I’m not quite ready to call the end of the EU nor of the Euro as a currency. While the so-called Eurobond, may have indeed provided an easy out, it would have also encouraged more of the same bad behavior which got so many of the European members into thisTue, 13 Sep 2011 11:11:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/09/13/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/09/11/A devastating earthquake off the coast of Japan on March 11th triggered a tsunami so powerful, that over 8000 miles away it knocked off a section of the Sulzberger ice shelf in Antarctica the size of Manhattan. Last week's decision by the Swiss National Bank to put a floor under the Swiss Franc at 1.20 Euros not only moved the EUR/CHF more than 1000 pips in under an hour, but may well have effects on the Japanese Yen.  The reason for this is that many suspect the Bank of Japan will be theSun, 11 Sep 2011 06:33:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/09/11/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/07/31/02/Merely two days until the US deadline to raise the debt ceiling in order for the US to meet its debt obligations, the economic goals are clear and agreed upon. US must not default; the US must if possible retain its AAA credit rating. Both the Democrats and Republicans agree. The issue? Political ideals that are entwined with economic safeguarding. To make matter complicated, the election next year paints a bulls eye on the White House as there are any plans that have been put forward thatSun, 31 Jul 2011 10:12:47 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/07/31/02/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/06/26/Japan continues to struggle with hindered production capabilities which have become a serious issue in the recovering economy. The break in the supply chain that has had knock on effects all over the world, especially in the US, is a concern for business that have traditionally adhered to the ‘just in time’ method of manufacturing where the concept was to avoid tying up capital in parts and components waiting to be used to produce the end product. The method, which its self is an export ofSun, 26 Jun 2011 15:35:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/06/26/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/05/22/UK inflation continues to remain a concern for policy makers and despite the slow growth in the UK economy, there is continued calling for interest rate hikes from the bank of England; expected to be raised later this year. The BOE seems to be holding off,  giving the tax payers much need breathing space in order to adjust to the new prices bough about by world supply and demand factors. Any interest rate hikes will not be welcome from those promoting dovish policies to promote UK growth,Sun, 22 May 2011 18:15:38 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/05/22/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/04/17/The EUR/ USD has made a critical break for the 1.5000 level and has run into resistance @ 1.4487   If the EUR/ USD can break through this level then 1.4680 and 1.4726 are the next levels in which selling power is expected to come in.   To the short side 1.4037, 1.3888 and 1.3725 are all bear targets where buying is expected to come in with significant power to halt any selling off of the EUR/ USDSun, 17 Apr 2011 14:19:25 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/04/17/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/02/08/As Japan reels from the most destructive natural disasters to hit its shore, the USD/ JPY dropped sharply as the Yen became heavily in demand as investors pulled money out of stock and equity to put into safe havens including the Japanese Yen. The rise of the Yen against the USD and other major currencies can also be attributed to repatriation of assets from abroad which contributed heavily to buying. The US also took a financial hit as US government bonds were sold in order to do this whichTue, 08 Feb 2011 06:44:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/02/08/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/02/06/The EUR/ GBP has been consolidating into a tight range with which Fibonacci projection levels are been respected as key buying and selling price levels. While the pair is currently in the consolidation range it is unclear as to which direction the pair will breakout in. Shorter term key levels to watch to the downside where buyers are entering the market at strong support are at the following at 0.8380, 0.8284 and 0.8097 Shorter term key levels where sellers are coming into the marketSun, 06 Feb 2011 17:20:56 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/02/06/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/01/23/The EUR/JPY has stabilised over the last several months, into a consolidation period in which significant resistance is  being found at 115.096 and a support zone between 1.8.117 and 1.5.472 are seeing buys come in stopping the price from falling further. As the week ahead commences, Long targets are unchanged @ 115.280. If buyers are able to push through this level then 119.707 is the next significant resistance level at which sellers are likely to come in as this pair continue toSun, 23 Jan 2011 18:14:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/01/23/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/01/02/The GBP/ USD has continued to follow the Fibonacci projection that has been in play since 2007. Key levels have presented traders with buying and selling levels throughout this time with the lowest price level coming in at the 423.6% projection level at 1.3536. The price ended at 1.5595 at the close of 2010 and 2011 could see a continued range for the start of 2011. Over the coming weeks there are several key levels at which buyers and sellers are entering the markets and combining the longSun, 02 Jan 2011 13:10:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2011/01/02/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2010/11/30/Tue, 30 Nov 2010 01:56:47 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2010/11/30/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/02/06/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/02/06/02/The 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/2008/02/06/02/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/02/12/We 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/02/18/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/02/25/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/03/03/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/03/12/Given 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/03/26/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/04/02/According 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/04/16/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/04/23/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/05/01/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/05/07/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/05/14/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/05/22/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/05/29/One 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/06/06/USD/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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/06/11/Let'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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/06/25/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/07/03/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/07/10/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/07/16/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/07/16/02/We'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/2008/07/16/02/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/08/05/The 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/08/08/Well, 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/http://www.fxstreet.com/technical/forex-strategy/currencies-technical-strategies/2008/08/13/Has 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/