http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-19.htmlBoth the DXY (US Dollar Index) and EUR/USD have formed triangle patterns within their respective 9-period daily RSI indicators. A break above RSI formation resistance & above 1-week trendline resistance at 1.4990 should reinvigorate EUR/USD bulls back towards the 1.5030-65 zone, above which exposes channel & wedge resistance at 1.5190. Below RSI formation support, however, coupled by a loss of the 50-day MA at 1.4808 (projected) would shift near-term expectations towards the bottom ofThu, 19 Nov 2009 10:40:36 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-16.htmlWith all the media focus attributing strength in the stock market to weakness in the US Dollar, I believe this correlation is being misrepresented and is often misunderstood. In fact, I believe the exact opposite, that the exuberance seen in equity prices (coupled with the record high price of Gold) is driving the DXY (Dollar Index) lower. It was the stock market (the financial stocks such as Lehman Brothers to be more specific) that initially created market panic and risk aversion world-wide.Mon, 16 Nov 2009 10:14:49 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-12.htmlIf the double top scenario for the EUR/USD (and double bottom for the DXY) is negated, the 1.5190 region is next targeted (wedge, channel & RSI projections). Meanwhile, the structure remains bullish until the 50-day & 10-week MA's are decisively broken to the downside.Thu, 12 Nov 2009 09:22:37 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-05.htmlThe EUR/USD found support near the 50-day MA, forming the base of a 3-month bullish channel. The 40 level on RSI provided support once again, allowing a test of the bull channel's midpoint near the 1.49 handle. A failure here could provide an opportunity to retest the 50-day MA & channel support at 1.4655/85. Clearance suggests a retest of recent highs made in October.Thu, 05 Nov 2009 18:59:39 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-11-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-22.htmlThe US Dollar Index failed once again at the key 10-day MA. This allowed the EUR/USD to advance above the 1.50 threshold and now possibly sets the stage for further weakness towards the Greenback. The absence of weekly divergence and lack of substantial resistance leave room for the EUR/USD to advance towards the 1.52 region, unless risk aversion reappears as it did in the final hour of North American trade Wednesday. Either way, the 10-day MA has become the proverbial line in the sand for theThu, 22 Oct 2009 09:13:44 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-21.htmlThe US Dollar Index maintains wedge trendline support and a key Fibonacci retracement (78.6% of July 08 to March 09 range) remains in place despite failing to overcome the 10-day MA & the 76 handle (former pivot support turned resistance). Meanwhile, the EUR/USD retreated after failing to breach the coveted 1.50 barrier, highlighting 4-hourly bearish MACD, RSI & Stochastics divergence. More importantly, Tuesday's reaction low has highlighted a short-term rising wedge, while 4-hourlyWed, 21 Oct 2009 08:59:06 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-16.htmlThe US Dollar Index continues to maintain support at a wedge trendline and at a key Fibonacci retracement (78.6% of July 08 to March 09 range) just below 75.50. A strong close (for Friday) is now necessary to round-up daily RSI & MACD to confirm bullish divergence. The resistant 10-day MA will be the key test to determine whether the Greenback can recover. Failure to reclaim this fast, yet important moving average will likely leave the DXY susceptible to a capitulation-type sell-off. TheFri, 16 Oct 2009 08:40:22 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-09.htmlThe US Dollar Index retested key support just below the 76 handle once again. While this pivot managed to support, time is running out for the Greenback. A positive daily close is required for Friday to round-up daily MACD and complete bullish divergence. The next level of support is in the 76.50 region, where projected falling wedge trendline & a Fibonacci projection reside. The EUR/USD surpassed the 78.6% Fibonacci retracement at 1.4768, but failed to retest the yearly high. BeyondFri, 09 Oct 2009 10:37:06 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-07.htmlSpot Gold broke-out of a 3-week triangle to begin the week, triggering Tuesday's fresh record high. The pattern break-out projects a move to the 1050 region, where extreme overbought RSI levels could delay further upside potential . In the meantime, oversold (hourly/4-hourly studies) dips below the previous record high (1033) should be accumulated. Meanwhile, the US Dollar Index , which rejected at the 35-day exponential moving average last week, fell below the 10-day MA. A retest of the 76Wed, 07 Oct 2009 09:08:35 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-02.htmlThe US Dollar Index benefitted on Thursday from renewed risk aversion. The commodity currencies suffered the most as the DXY managed to rebound off the 10-day MA. The EUR/USD rejected at its 10-day MA as well, hinting at a possible shift in trend. The next key technical event to watch will be the whether the USD can clear the resistant 35-day exponential MA and if the EUR/USD can sustainably break below the 50-day MA (now at 1.4423). If these moving averages are breached, a broader correctionFri, 02 Oct 2009 08:53:44 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-10-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-30.v02.htmlThe British Pound rebounded on Tuesday after a suprise gain in the CBI survey. The UK currency was dragged down by the GBP/JPY on Monday, as the Yen initially surged on the back of Japan's Finance Minister's comments regarding currency intervention. The comments were eventually toned down and the Yen eased off its highs, allowing the Pound to rebound vs the Yen, as well as the Euro & Dollar. The GBP/USD, which found support near a key Fibonacci level (38.2% retracement of the March low toWed, 30 Sep 2009 08:42:03 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-30.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-30.htmlThe EUR/USD reached a fresh 52-week high after rebounding Monday off a key Fibonacci retracement at 1.4618 (61.8% of the 2008 high to the 2009 low). The US Dollar Index , which failed to clear the 10-day MA has fallen back to the September 2008 pivot located near the 76 handle. While daily studies remain at oversold levels, momentum is clearly against the Greenback. A close below 75.89 (September 2008 swing low) immediately exposes 74.75, where a Fibonacci retracement (78.6% of 70.70 - 89.62)Wed, 30 Sep 2009 06:54:37 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-29.htmlThe US Dollar Index managed to claw back despite making a fresh 52-week low. The false-break of the September 2008 low (75.89) triggered a reversal that could possibly mark a short-term double bottom base. A sustainable rebound above the 77 handle would confirm this and refocus the 78 region, where a previous Fibonacci retracement lies (61.8% of 70.70-89.62). The EUR/USD & USD/CHF made an intraday double top & bottom (respectively) just after the FOMC announcement. This helped toTue, 29 Sep 2009 16:50:01 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-17.htmlThe EUR/USD has extended strength through the key (61.8%) Fibonacci retracement near 1.46 to probe the December swing high at 1.4270. This pivot is also a 1.236% extension of the 50% & 61.8% retracement levels of the 2008 high-2009 low range. Daily RSI is at severly overbought levels and is above 77 (9-period) for only the fifth time in two years. Meanwhile, the DXY (US Dollar Index) is now 7.5% below its 200-day moving average, the most since carving out a bottom 17 months ago. AThu, 17 Sep 2009 09:44:54 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-10.htmlThe US Dollar dropped to fresh 11-month lows as Gold crossed above the key psychological 1000 threshold on Tuesday. The DXY lost key trendline support as the EUR/USD broke above trendline resistance and the formerly resistant June swing pivot high at 1.4338. The subsequent Dollar weakness has led to a test of a key Fibonacci retracement near 1.46 (61.8% of the 2008 highs to the 2009 lows). This key pivot should provide decent resistance as the other key retracement levels (38.2% & 50%)Thu, 10 Sep 2009 09:09:49 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-02.htmlThe US Dollar Index managed to bottom out near the key Fib at 77.93 (61.8% of 70.69-89.62). The failure of capital markets to capitilize on the better than expected manufacturing numbers triggered a reversal that helped buoy the Greenback through a 6-month trendline at 78.66. The EUR/USD's failure to overcome the 60 level on daily RSI hinted of weakness that could now potentially break below the supportive 50-day MA (now at 1.4160). Meanwhile, the major US equity indices have finally sustainedWed, 02 Sep 2009 09:45:52 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-09-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-24.htmlThe US Dollar Index rejected at a 5-month downward sloping trendline and at the key 50-day moving average earlier in the week and has struggled going into Friday's close. A strong rebound in commodities and equities has forced the DXY back towards a key Fib at 77.93 (61.8% of 70.69-89.62). While 4-hourly studies are at oversold levels, daily indicators suggest plenty of room to test 77.45, near the December 2008 swing low and the recent lows made in early August. Moreover, according toMon, 24 Aug 2009 08:47:13 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-14.htmlThe EUR/USD continues to respect 1.4222, the 50% retracement level of the 2008 highs & 2009 lows. Two weeks ago, the pair retraced 50% below this level, then 50% above the following week. Wednesday's rebound coincided with a 23.6% retracement below the 1.4222 pivot and Thursday's high rejected near 1.4312, 23.6% retracement above 1.4222. The symmetry exhibited suggests that despite last week's brief breakout, the EUR/USD should retest the region below 1.4222 relatively soon. Meanwhile, theFri, 14 Aug 2009 13:54:17 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-11.htmlThe US Dollar Index has continued to rally after marking a short-term double bottom last week. The disconnect from the usual correlation between risk appetite and dollar weakness emphasizes the importance of interest rate differentials. The BOE's announcement to increase quantitative easing followed by a stronger-than-expected non-farm payrolls report has enabled the the interest rate differential between 10-year (UK ) Gilts and 10-year (US) Treasuries to flip-flop from a 30 basis pointTue, 11 Aug 2009 10:50:00 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-07.htmlThe US Dollar Index has confirmed an hourly double bottom just below the December 2008 spike low while the EUR/USD confirms a double top. The measured move objective for both formations coincide with a 38.2% retracement and the 10-day MA. It may offer an attractive entry point for dollar bears and could possibly mark a throw-back off a EUR/USD 2-month internal trendline. Meanwhile, since the DXY trades below the 10-day MA, there remains a chance for a panic-type sell-off towards 75.00/76.00Fri, 07 Aug 2009 08:54:30 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-06.htmlThe US Dollar Index has managed to stabilize as equity markets finally put in an overdue distribution day. The S&P and Dow Jones Industrial Average both broke below rising wedge support on Tuesday on stronger volume to possibly hint of a short-term correction. Meanwhile, the DXY continues to consolidate near the December 2008 low, but remains well below key moving averages (10 & 20-day MA's). 4-hourly studies suggest temporary basing, but will require a move above 77.85 (Tuesday'sThu, 06 Aug 2009 08:39:08 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-05.htmlThe USD/CAD weakened Tuesday on the back of comments regarding excessive currency appreciation. Bullish 4-hourly MACD divergence invoked a corrective rebound that has since stalled near last week's swing low at 1.0740. It appears that this pair may be forming a falling wedge, typically a reversal pattern. A relatively low risk entry point would be 1.0583, where wedge support and a key fibonacci retracement coincide. Meanwhile, the bearish structure remains intact while the Loonie trades belowWed, 05 Aug 2009 08:38:41 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-04.htmlThe US Dollar Index has fallen to a fresh 10-month low as risk appetite continues to flourish. Last week's rejection at a key fibonacci retracement and the 20-day moving average hinted that the brief recovery was about to end. The Cable's (GBP/USD) subsequent ascending triangle breakout triggered further losses, causing the Greenback to fall back towards the once hopeful double bottom base. Monday's follow-through has been tempered by demand near the December 2008 spike low. The obviousTue, 04 Aug 2009 08:26:40 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-08-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-31.htmlThe EUR/USD has stabilized after rebounding off 1.40, near the midpoint of the latest 1.38-1.42 range and a key fibonacci retracement (61.8% of 1.3839-1.4300). The possible bearish rejection off former trendline support hints of a weakness towards 1.3957 initially (78.6% of 1.3839-1.4300). If the 50-day MA (1.4033) remains supportive, then the medium-term bullish structure remains intact. The US Dollar Index looks like it may have rebounded off an internal trendline as well, but remainsFri, 31 Jul 2009 09:50:33 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-30.htmlThe US Dollar Index continues to recover after completing the first intraday higher low in nearly 3 weeks. Buoyed by 4-hourly & daily bullish MACD divergence, the DXY's rally broke through the key 79.12 pivot and 3-month trendline resistance to probe the 20-day MA. A fresh higher low is now sought ideally by the 79.12 pivot for a test of the targeted 50-day moving average. This also coincides with a 50% retracement level located near the psychological 80 handle, clearing which furtherThu, 30 Jul 2009 08:44:38 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-23.htmlThe US Dollar Index has suffered due to renewed strength in risk appetite. The rejection below 79.18 (key fibonacci retracement) and the inability to clear a 4-hourly mid-Bollinger band have kept the bearish structure intact. The follow-through, however, has been limited. In fact, subsequent price-action is threatening to form a 2-day double bottom and if confirmed could strengthen the case for building a larger (6-week) double bottom base. Moreover, several charts indicate that risk appetiteThu, 23 Jul 2009 09:04:24 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-21.htmlThe EUR/USD has probed above the recent 1.3730 -1.4170 range after breaking above trendline resistance. A weekly close above 1.4170 would be a first since September and suggests an end of rangebound trade that has persisted over the past few months. While the 50-day moving average and weekly RSI's are maintained, the immediate target is the 2009 high at 1.4335. The next target comes in near 1.46, close to the spike high in December and a key fibonacci retracement. Meanwhile, a loss of 4-hourlyTue, 21 Jul 2009 12:36:24 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-17.htmlThe EUR/USD rejected at the top end of the latest range after probing above trendline resistance. A weekly close above 1.4170 and a daily close above 1.42 suggests a bullish extension that would target 1.46, the next fibonacci retracement zone. Although, both daily & weekly RSI's suggests further strength ahead, the failure at 1.4170 and the inability to substantially clear 1.4130 (trendline) indicate that the near-term trend may be exhausting. Moreover, 4-hour bearish MACD divergenceFri, 17 Jul 2009 08:35:12 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-16.htmlThe US Dollar Index has lost corrective support on the back of renewed strength in risk appetite. The EUR/USD is now probing the upper half of it's recent range since rebounding off the 50-day MA on Tuesday, but has stalled at 10-week trendline resistance. A sustained clearance of 1.4130 (current location of trendline) will quickly propell the EUR/USD towards the 2009 high established on June 3rd. Moreover, daily RSI has formed a double bottom base in the 40 region, which is characteristic ofThu, 16 Jul 2009 08:37:00 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-15.htmlMonday's short-covering equity reversal enabled key indicators of risk appetite such as the Canadian Dollar and Gold to rebound. Daily bullish MACD divergence helped Gold to test 6-week trendline resistance and daily bearish MACD divergence coerced the USD/CAD to probe a key fibonacci retracement at 1.1366. While moves in the Loonie (USD/CAD) and Gold are classified as corrective so far, a sustainable recovery could influence the EUR/USD & DXY (US Dollar Index) to breakout of rangeboundWed, 15 Jul 2009 10:18:23 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-14.htmlThe US Dollar Index continues to trade within a sideways triangle (consolidation) formation while risk aversion has seemingly abated. The recovery in risk appetite should be viewed as an overdue technical correction as opposed to a fundamental shift in investor sentiment. The inability to extend weakness caused a short-covering reversal, enabling several indices to form a short-term double bottom. Daily bullish MACD divergence and oversold RSI allowed Gold to recover, highlighting support at aTue, 14 Jul 2009 08:37:32 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-10.htmlThe US Dollar Index failed yet again at trendline resistance, near the 50-day MA. Wednesday's rejection highlights the inability of the Greenback to sustain a rally for more than four trading days. However, while the key fibonacci retracement at 79.47 (61.8% of 78.37-81.46) remains intact, there is a high probablility that 80.75 (current location of trendline & 50-day MA) will be breached. The EUR/USD remains mired within a tight range between two key retracement pivots (1.3730 &Fri, 10 Jul 2009 08:28:00 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-09.htmlThe US Dollar Index continues to probe a 4-week trendline at 80.86. While the Greenback traded higher against most currencies on Wednesday, the main reason it has not breached key resistance is due to Yen strength. Increased risk aversion, highlighted by equity weakness (specifically the confirmation of distribution patterns) has allowed the Yen to flourish in this enviroment. Meanwhile, the EUR/USD has retreated below the 35-day EMA & 23.6% retracement zone at 1.3907, but has paused atThu, 09 Jul 2009 08:43:43 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-08.htmlAs risk aversion rears it's ugly head, the US Dollar Index continues to benefit. Although, foreign exchange markets remain mired within relatively tight ranges, energy markets have pulled back quite significantly. The reversal in risk appetite has enabled several equity indices to probe below their head & shoulder necklines, reaffirming a medium-term top in the stock market. Meanwhile, the EUR/USD reversed course at former trendline support, highlighting a bearish rejection and a possibleWed, 08 Jul 2009 10:16:16 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-07.htmlThe US Dollar Index has remained fairly strong on the back of last week's worse than expected jobs report. The reemergence of risk aversion has allowed key fibonacci retracement levels (DXY's 61.8% of 78.31-81.35 & EUR/USD's 78.6% of 1.4326-1.3745) to remain intact and has triggered a breach of 10-week trendlines (both DXY & EUR/USD) . The follow-through, however, has been very limited and the 23.6% retracement levels and 35-day EMA's have proven to be significant obstacles. MoreTue, 07 Jul 2009 07:05:40 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-01.htmlThe US Dollar Index ends a brutal second quarter on a bright note. The main perpretrator was the British Pound and it's volatile reaction to economic data, which triggered a false-break of a 4-week wedge formation. This highlighted the EUR/USD's inability to clear the 1.4137 pivot and allowed the Greenback to maintain support at a key fibonacci retracement at 79.47. The weaker consumer confidence number in North American trade spurred renewed risk aversion causing commodities, equities andWed, 01 Jul 2009 10:04:55 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-07-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-24.htmlA confluence of technical and fundamental factors have contributed to Tuesday's decline in the US Dollar Index . Risk aversion began to ease the moment Asian equity markets closed, as downward pressure on equity futures subsided. News that a rating agency could potentially downgrade Uncle Sam's AAA rating if the U.S were to lose it's global reserve status, contributed to the first bout of dollar weakness. As a result, several leading indicators of risk appetite failed at key technical levels.Wed, 24 Jun 2009 08:30:11 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-23.htmlThe US Dollar Index has benefitted from a loss of trendline support with both spot Gold and Crude Oil. Friday's rejection at the 20-day MA highlighted a failure at key psychological levels for the DXY (80) & EUR/USD (1.40) and has triggered a deeper pullback in risk appetite. Further weakness in equities and interest rates should help buoy the Greenback towards it's 35-day exponential moving average in the mid 81 region and allow the EUR/USD to retest the key 1.38 pivot, then possibly theTue, 23 Jun 2009 08:36:00 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-19.htmlThe US Dollar's recovery is beginning to stall as key market forces such as interest rates, commodities and equities have all seemed to have temporarily based since failing to extend recent losses. Despite Thursday's succesful defense of the 20-day MA and key psychological levels such as the 80 handle (DXY) & 1.40 (EUR/USD), key trendlines remain under pressure. A clean break of 80 & 1.40 will refocus last week's swing pivots (79.40 & 1.4137). A false-break, however, will refocusFri, 19 Jun 2009 16:41:22 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-15.htmlThe US Dollar Index recovered off last week's short-term double bottom but has paused at the 20-day MA over the past few days. The ensuing pullback stalled at a key fibonacci retracement (61.8% of 77.94-81.36) and EUR/USD's former head & shoulder's neckline has reverted to resistance. An early indication of possible risk aversion was Thursday's reversal in treasury prices and subsequent bearish close in equities. Moreover, Gold's inability to reclaim key resistance and weakness in theMon, 15 Jun 2009 08:48:17 GMThttp://www.fxstreet.com/technical/forex-strategy/sales@informagm.com (Informa Global Markets)http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2009-06-15.html