http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-11-20.htmlChoppy Waters Ahead for the Euro! 10:00 GMT The benchmark Euro pair is headed for a cascading waterfall in the coming week as its recovery attempt was cut short by a stiff 1.4935 resistance. The pair remained range-bound this week. It formed a Hanging Man candle pattern in yesterday’s trading session, which was confirmed obvious with a Bearish session in today’s trade. The trend line is already sloping downward with the pair making lower successive highs. Worse still are the 4-hourly charts asFri, 20 Nov 2009 11:32:19 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-11-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-11-14.htmlIf you’re heading down under, look North! Friday, November 13th 2009, 09: 1200 GMT The AUD has touched a new 15 month high of 0.9370 against the USD as it gained against all its major counterparts this week. The uptrend looks intact for the next week as well. The strength is mainly on account of better than expected employment data and firming commodity prices. The pair has already crossed the key resistance area of 0.9280 and is at this time, trading at 0.9289. Although upside is limited, theSat, 14 Nov 2009 08:41:10 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-11-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-10-16.htmlEarly Spring Line-up on Cable? 16th Oct 09, 0950 GMT The Pound Sterling was the weakest currency (GBP/USD) amongst the 16 major currency pairs until last week, and then it started bouncing back around the 13th Oct, after a brief consolidation phase on the 12th Oct. Since then, the Cable hasn’t looked back and has extended its rally in today’s session as well, extending its gains to more than 3.5% in the last four sessions making a high 1.6400, the highest since 24th September. All this comes onFri, 16 Oct 2009 17:18:31 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-10-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-10-01.htmlSeptember 30, 2009 The Euro is currently trading at 1.4666.The ECB’s lending decline from €442.241 billion to €75.241 billion has given some stimulus to the blueback as it rebounded from the low of 1.4525 low and crossed the resistance of 1.4645 to the high of 1.4675. before traders head off to the bullpen, we suggest taking a look at the major indicators which suggest a bearish run in the offing! The EMA is showing a weakening bullish trend which may signal a trend reversal not too far away,Thu, 01 Oct 2009 11:18:49 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-10-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-21.htmlSwing away in the green!!!!! Fri, Aug 21 2009, 05:08:55 GMT In the recent past, the USD/CHF pair touched the June 2009 low of 1.0590, after hitting the double top of 1.0938 in the month of Jul 2009. The pair has been in a sideways downtrend since last March 2009, currently moving in a wide band of 1.0957 – 1.0590. Due to a fall in the Consumer Price Index, Reuters/ Michigan Consumer Sentiment Index, PPI ex Food & Energy numbers in the US, alongside an increase in the Swiss Trade number,Fri, 21 Aug 2009 07:27:50 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-14.htmlEUR/GBP- the ‘royal’ pair inviting bears…!!! Thu, Aug 13 2009, 15:26:07 GMT   Over the last 3 months, the Cable has been moving in a sideways range of 0.8400 and 0.8670. It was a good month for the Euro, which appreciated against the Cable. Through the month, it rose heavily after testing the upward sloping support of 0.8454. Overall, the Fiber gained about 18.53% over the trailing 2 weeks period. Last week, an increase in retail sales and Sentix investor confidence in Europe along with aFri, 14 Aug 2009 07:03:11 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-08.htmlUSD/CAD- Greenback set to trade in the Green The USD/CAD pair seems to have registered at least an intermediate bottom at the 1.0630 levels in the week gone by. The recent lows correspond to the 61.8% Fibonacci retracement level on the weekly charts of the up move since November 2007 at 0.9056 to March 2009 highs of 1.3064. in terms of the Elliott wave as well, the market seems to have completed a distinct five wave down pattern on the daily charts as indicated. Hence a rally appears to beSat, 08 Aug 2009 04:56:25 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-08-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-30.htmlGBP/NZD: Bull homecoming?  Thu, Jul 30 2009, 15:08:50 GMT In the recent past, the GBP/NZD pair touched the May 2009 low of 2.4900, after hitting the July high of 2.6112. The pair has been in a sideways downtrend since last April 2008, dancing in a wide band of 2.5820 - 2.4978. Due to a fall in the GDP (YoY) number, M4 money supply, and an increase in the ILO UK unemployment number, the Cable took a beating and plunged 4.64% after testing the current month’s high of 2.6112. On the dailyThu, 30 Jul 2009 17:26:01 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-25.htmlUSD/JPY- Swinging away!   Fri, Jul 24 2009, 15:39:12 GMT The Greenback continued to trade higher against the Yen over the last two week after hitting the 4 month low at 91.73 (13th  Jul, 2009). However, on the longer term chart, it is still going down, moving in the downward sloping channel since the last 4 months. Last week, an improvement in Retail Sales and Producer price index along with CPI numbers in the US helped the pair up after a heavy fall from the high of 96.96 (1st Jul,Sat, 25 Jul 2009 05:43:57 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-15.htmlThe GBP/AUD has been in a downtrend since September 2008, plunging heavily after testing the high of 2.4337 (11 October 2008). Last week, an improvement in the NIESR GDP estimate and the UK’s nationwide consumer confidence supported the pair in a surge of 3.89% after it hit the support level of 2.0189. In May 2009, the pair made a low of 1.9734 and from there, it has been moving in an upward sloping channel. On the daily frame, the pair is unable to breach the upward sloping resistance lineWed, 15 Jul 2009 06:24:35 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-07-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-06-13.htmlFall in Factory orders (May), Average Earning Hours (May), increase in the Unemployment rate (May) and a fall in the Trade Balance (June) are the major factors due to which the USD plunged heavily over the last two months. The pair is in a downward trend since the last 4 months and is now trading near the 7 month support line of 1.0595. On the daily outlook, there is a clear double bottom formation and the stochastic oscillator is moving just above the oversold line. The pair is respecting theSat, 13 Jun 2009 07:23:59 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-06-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-05-14.htmlThe pair has risen heavily in the last 4 months taking full advantage of the weakness in the Japanese economy. The GBP/JPY pair has completed more than 5 Elliot waves and is now moving in a sideways range (149.10- 143.27). As we can see clearly on the daily frame, price action has formed an upward sloping uptrend channel, which has been in place since January ‘09. The pair is still respecting the upward sloping channel but is now trading in a downward direction. Over the last 3 months, theThu, 14 May 2009 12:08:06 GMThttp://www.fxstreet.com/technical/forex-strategy/mail@yourforexdirectory.com (YourForexDirectory.com)http://www.fxstreet.com/technical/forex-strategy/currency-pick-of-the-week/2009-05-14.html