http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-04-02.htmlThe clock is counting down to tomorrow’s heavy round of event risk and the market is clearly cautious of the potential for volatility. Realistically, there is no pair in the market that can claim to be immune to the G 20 meeting’s potential outcome; and therefore, range trades should be avoided unless there is a fundamental bias to go along with a technical setup. Our setup for EURGBP is based predominantly on (conspicuous) technicals and should only be followed by those that have a highThu, 02 Apr 2009 06:02:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-04-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-04-01.v02.htmlTime is winding down to the G20 meeting on Thursday; so those risk-sensitive currency pairs that have fallen to congestion recently should be examined critically. The potential for volatility, breakouts and renewed trends induced by this single event is far too high to lapsidasically trade through. However, considering there are serious time constraints and technical formations need to be clearly defined, GBPCHF may offer one of the best setups under the circumstances. Why Would GBPCHF Hold aWed, 01 Apr 2009 06:16:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-04-01.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-31.htmlAs a pair that is renowned for its volatility and sensitivity to risk trends, GBPJPY must be treated carefully when setting up a range scenario. This is particularly the case this week with event risk as prominent as the G20 summit scheduled on Thursday. This event will likely define price action before, during and after comments trickle out of the meeting. Why Would GBPJPY Hold a Range? Levels to Watch: -Range Top: 145.00 (Trend, SMA) -Range Bottom: 135.00 (Trend, Fib, SMA) The currencyTue, 31 Mar 2009 05:37:10 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-30.htmlThough congestion is a common attribute for the broader currency market at the moment, there are few ranges that offer clear levels and a reasonable risk profile. AUDCAD offers one of the few appealing setups; but the risk is significant. Why Would AUDCAD Hold a Range? Levels to Watch: -Range Top: 0.8650 (Fib, Double Top) -Range Bottom: 0.8000 (Pivot) Checking over the economic calendars for both Australia and Canada, there is significant event risk from both sides of the market; however,Mon, 30 Mar 2009 05:45:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-27.htmlThe USDCHF’s tight range has grown to be impressively stable over the past few weeks; but it should still be considered a highly risk setup. At a little more than 150 points wide, this congestion band is extremely tight; and the fact that it has setup following an aggressive reversal suggests a breakout could develop rapidly. Why Would USDCHF Hold a Range? Levels to Watch: -Range Top: 1.1330 (Fib) -Range Bottom: 1.1175 (Fib, SMA) While there is a considerable level of event risk on both sidesFri, 27 Mar 2009 05:59:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-26.htmlThe NZDUSD range that we have set up is not for the faint of heart. Not only is this pair just coming off its most aggressive rally in years; but there is significant event risk on deck that could produce dramatic volatility over the next 36 hours. However, with a reasonable time frame and the right trade setup, risk can be minimized leaving us with a very appealing range trade. Why Would NZDUSD Hold a Range? Levels to Watch: -Range Top: 0.5750 (Trend, Fib) -Range Bottom: 0.4900 (Major SwingThu, 26 Mar 2009 05:45:54 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-25.htmlLike we said yesterday, the bearish wave in the dollar has been sidelined; and many of the majors are threatening at least modest retracements. USDCHF has some of the most encouraging technical and fundamental buffers to generate range conditions; but the risk taken with such a setup is substantial. Why Would USDCHF Hold a Range? Levels to Watch: -Range Top: 1.1355 (Fib, Pivot) -Range Bottom: 1.1165 (Fib, SMA) The fundamental back and forth behind USDCHF is largely the product of the dollar’sWed, 25 Mar 2009 05:46:56 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-24.htmlThe dollar-based majors are still cooling from momentous volatility that was catalyzed over this past week. Many of these pairs have stalled ahead of significant technical levels; but none of these liquid pairs have the major technical backing that USDCAD is currently enjoying. Why Would USDCAD Hold a Range? Levels to Watch: -Range Top: 1.3000 (Major Range High) -Range Bottom: 1.2180 (Trend, Fib) Through the near future, macro-dollar themes will likely decide the direction of USDCAD. LookingTue, 24 Mar 2009 05:40:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-23.htmlMid-week momentum that sent so many currency pairs to major breakouts seems to have settled into the weekend. In the aftermath of all the action, there are many new short-term congestion opportunities; but their stability is highly circumspect. Therefore, we will fall back on an appealing CHFJPY setup with established technicals and some level of fundamental stability. Why Would CHFJPY Hold a Range? Levels to Watch: -Range Top: 86.00 (Trend, Fib) -Range Bottom: 82.00 (Trend, Fib, Pivot) TheMon, 23 Mar 2009 05:46:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-20.htmlAfter the surge in volatility across the currency market over the past 36 hours, there are very few viable range trades to be found. However, with a quickly depleting fundamental cushion, we have seen EURAUD maintain its dangerously consistent congestion band. Why Would EURAUD Hold a Range? Levels to Watch: -Range Top: 2.0000 (Range Trend, Fib) -Range Bottom: 1.9425 (Trend, Fib, Pivot) Economic stability is the single most prized fundamental trait for the currency market at this point in theFri, 20 Mar 2009 05:43:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-18.htmlMuch of the currency market has supplanted trends with broad congestion. However, this has not translated into clear ranges; but rather frustrating chop with minor breakouts. USDCAD personifies these conditions with a forceful, rising trend channel that is putting pressure on a much larger technical formation. Why Would USDCAD Hold a Range? Levels to Watch: -Range Top: 1.3000 (Range High, Fib) -Range Bottom: 1.2670 (Trend, Fib, Pivot) It is sound, fundamental reasoning to expect the currenciesWed, 18 Mar 2009 05:46:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-17.htmlOne word can describe USDNOK price action over the past five months: consistency. Traders may shy away from this exotic pair with its seemingly high level of volatility; but pip cost and perspective reveal one of the best range setups so far this year. Why Would USDNOK Hold a Range? Levels to Watch: -Range Top: 7.2850 (Trend, Fib) -Range Bottom: 6.6850 (Fib, SMAs, Pivot) Indicator-based event risk is relatively lax for the USDNOK pair over the coming week. However, larger fundamental themesTue, 17 Mar 2009 05:53:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-16.htmlAs the week draws to a close, many of the young trends that were developed over the past few sessions have started to pull back from their respective highs and lows to ease technical pressure into the weekend. However, the potential for these trends to be revived or new breakouts to develop is high; so our AUDJPY setup comes with considerable risk. Why Would AUDJPY Hold a Range? Levels to Watch: -Range Top: 64.75 (Trend, Fib) -Range Bottom: 61.25 (Fib, SMAs, Pivot) The trends that haveMon, 16 Mar 2009 05:54:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-13.htmlThere are few viable ranges across the currency market as risk trends shift and fundamentals dive. USDCAD presents a potential congestion setup; but it is fraught with danger and therefore must be tailored to a very specific strategy. Why Would USDCAD Hold a Range? Levels to Watch: -Range Top: 1.3015 (Range High) -Range Bottom: 1.2725 (Fibs, Pivot, Trend, SMA) After a plunge in the Swiss currency this morning leveraged a surge in USDCHF and USDCHF, we can see that the US dollar is pulling backFri, 13 Mar 2009 05:38:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-12.htmlThe Australian dollar crosses have offered the best range scenarios for the better part of a week; and the AUDUSD setup we see today is the opposite side the congestion zone we were following at the start of this week. Why Would AUDUSD Hold a Range? Levels to Watch: -Range Top: 0.6525 (Trend, Fib, Range) -Range Bottom: 0.6285 (Triple Bottom) As with all Aussie dollar pairs, AUDUSD is imbued with direct link to risk sentiment. However, the fundamental engine behind this pair is a littleThu, 12 Mar 2009 05:48:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-11.htmlThere have been few ranges over the past few months that have been as explicit as the one EURAUD has been carving. However, strong technical congestion often comes hand in hand with substantial breakout potential – and this is an adage that certainly carries over to this pair.  Why Would EURAUD Hold a Range? Levels to Watch: -Range Top: 2.0000 (Pivot, Trend) -Range Bottom: 1.9425 (Trend, Fib, Pivot) The European and Australian economic dockets are relatively light over the next week. WithWed, 11 Mar 2009 05:48:51 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-10.v03.htmlRisk is high and technical support is lacking for a short-term AUDUSD reversal to hold the pair within its range; but the alternative would be a major trend change for this pair which doesn’t have much fundamental backing. Therefore, with enough room to sustain its range and without immediate breakout pressure, we will follow the path of least resistance. Why Would AUDUSD Hold a Range? Levels to Watch: -Range Top: 0.6850 (Fib, Double Top) -Range Bottom: 0.6285 (Trend, Range Low) Will theTue, 10 Mar 2009 10:17:03 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-10.v03.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-09.htmlMost of the most liquid majors and crosses are teetering on the edge of a major trend revival; but constant threats of reversals have kept the market from making its move. Any number of fundamental drivers can ultimately decide the break; but general risk sentiment is the most probable catalyst. From this perspective, USDCHF is perhaps the best the best equipped range-based pairs in the market to hold out should economics act up. Why Would USDCHF Hold a Range? Levels to Watch: -Range Top:Mon, 09 Mar 2009 06:27:39 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-06.htmlDespite the top tier event risk that crossed the wires earlier this week, the Aussie dollar crosses have not ventured beyond the boundaries of their broad ranges. AUDCHF shares many of the appealing traits of its cross compatriots; but an active congestion band and fundamental edge make this perhaps the best candidate for a range setup. Why Would AUDCHF Hold a Range? Levels to Watch: -Range Top: 0.7650 (Fib, SMA, Range) -Range Bottom: 0.7400 (Fibs, Trend) The Australian docket has alreadyFri, 06 Mar 2009 05:48:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-05.htmlThe best range trades are placed on low volatility pairs that are set within a clear channel and are clear of notable event risk. By this crude definition, GBPAUD doesn’t seem to present a good candidate. However, the current setup behind this pair offers a better opportunity than what would be considered text book. Why Would GBPAUD Hold a Range? Levels to Watch: -Range Top: 2.2650 (Range, SMA, Fib) -Range Bottom: 2.1725 (SMA, Fibs, Trend) The fundamental trade off between the pound and AussieThu, 05 Mar 2009 05:56:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-04.htmlTechnical congestion in EURGBP makes for an attractive range trade; but the fundamental threat to this setup is considerable. Therefore, to make this a viable play, we have to develop a strategy that limits risk and works within a strict time frame. Why Would EURGBP Hold a Range? Levels to Watch: -Range Top: 0.9000 (Trend, Fibs) -Range Bottom: 0.8750 (Trend, SMA, Fib) The fundamental background behind EURGBP is intricate and the potential for volatility is particular high this weak. This pairWed, 04 Mar 2009 05:58:03 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-03.htmlStalwart dollar and yen-based ranges are under pressure, imparting a heightened sense of risk for all congestion-based positions in the currency market. CADJPY is no exception; but with a demanding setup, we can avoid risk and potentially take advantage of a spike in volatility that follows notable event risk. Why Would CADJPY Hold a Range? Levels to Watch: -Range Top: 79.40 (Range High) -Range Bottom: 75.50 (Pivot, Fibs, Trend, SMA) Over the past few weeks, serious doubts over the JapaneseTue, 03 Mar 2009 05:42:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-02.htmlTechnicals highlight a strong AUDCAD range setup; but fundamentals can be used to argue just the opposite. With a significant round of market-moving event risk on the docket, this pair may be looking at a breakout next week; but with the proper strategy, we can be in and out with a range swing before the market’s boundaries are tested. Why Would AUDCAD Hold a Range? Levels to Watch: -Range Top: 0.8200 (Trend, Fibs, SMAs) -Range Bottom: 0.8000 (Fib, Pivot, Range Low) For AUDCAD we have to fallMon, 02 Mar 2009 05:55:33 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-03-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-27.htmlCongestion has been a common sight for the currency market; but few pairs have shown the consistency in its ranges that USDCAD has. This pair has cut a wide, ascending triangle for more than four months; but the chop within this broad pattern has made it difficult to trade. However, a recently derived ascending trend channel presents a far better setup for range trading. Why Would USDCAD Hold a Range? Levels to Watch: -Range Top: 1.3000 (Triple Top) -Range Bottom: 1.2400 (Fibs, Trend, SMAs)Fri, 27 Feb 2009 05:49:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-26.htmlHigh volatility and event risk is naturally something to avoid when looking for range trades; so our interest in GBPCHF is aggressive. However, a sound strategy is still necessary to make this a reasonable position with acceptable risks rather than just a gamble. Why Would GBPCHF Hold a Range? Levels to Watch: -Range Top: 1.7500 (Pivot, SMA, Fib) -Range Bottom: 1.6525 (Fibs, Trend, Range Low) The correlation between GBPCHF and general risk trends has faded with time. With interest rates fromThu, 26 Feb 2009 06:05:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-25.htmlA heady mix of fundamental and technical pressure is building up behind the currency market; and any range trades should come with limited notional risk and exposure to unstable economic forecasts. Backed by a strong range as well as close trade ties and mirrored policy approaches, EURCHF is well positioned to absorb most unforeseen shocks. Why Would EURCHF Hold a Range? Levels to Watch: -Range Top: 1.5150 (Range High, Fib, SMA) -Range Bottom: 1.4750 (Trend, Pivot) Potential, event risk isWed, 25 Feb 2009 05:56:14 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-24.htmlWith fundamental headlines stoking concern over the economic health of major economies, protectionism, threats of broad nationalization and the possibility of another financial seizure, there is risk for range conditions at every corner of the currency market. However, can unsubstantiated speculation override dominate trends that are founded on confirmed data? That is the question we have to ask with GBPUSD. Why Would GBPUSD Hold a Range? Levels to Watch: -Range Top: 1.4725 (Trend, Fib) -RangeTue, 24 Feb 2009 05:42:39 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-23.htmlThere is still a lot of lingering fundamental risk and volatility in the market; but the threats to market-wide shifts seem to have settled. However, even if the winds pick up next week, the stability behind the AUDUSD’s fundamentals and range could still hold the market back. Why Would AUDUSD Hold a Range? Levels to Watch: -Range Top: 0.6580 (Pivot, Fib) -Range Bottom: 0.6335 (Trend, Pivot) Is there a fundamental driver scheduled for next week that can force a broad shift in risk sentiment orMon, 23 Feb 2009 05:46:20 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-20.htmlIs risk appetite recovering? A rebound in the yen crosses would suggest just that; but constant pressure on equities and other financial assets argue the opposite. So, where does that leave CADJPY – perhaps securely in a range. Why Would CADJPY Hold a Range? Levels to Watch: -Range Top: 75.50 (Pivot, Fibs, SMA) -Range Bottom: 72.35 (Trend, Fib) Risk sentiment well be the primary driver for CADJPY - and all of the yen crosses - as capital markets threaten new multi-year lows and globalFri, 20 Feb 2009 06:35:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-19.htmlThe dollar is threatening the calm that range traders have been taking advantage of recently by forging breakouts against the euro and yen among other pairings. With the crosses ready to follow any momentum that develops behind these majors, a congestion setup in AUDNZD represents one of the few places where range conditions are supported both fundamentally and technically. Why Would AUDNZD Hold a Range? Levels to Watch: -Range Top: 1.2750 (Range High) -Range Bottom: 1.2475 (Trend, Fibs)Thu, 19 Feb 2009 06:48:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-18.htmlThe EURJPY range setup that we see today is very similar to the GBPCHF position we laid out yesterday. High volatility and a clear correlation to vague risk trends makes make this another short-term setup that requires a sound strategy. Why Would EURJPY Hold a Range? Levels to Watch: -Range Top: 120.00 (Fib, Pivot) -Range Bottom: 115.75 (Trend, Fib) A major, technical break from EURUSD this morning may have redefined the euro’s path; but traders are still waiting for confirmation. While EURUSDWed, 18 Feb 2009 05:59:17 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-17.htmlWhile GBPJPY may not have exposure to a specific piece of major event risk over the coming week; recent range activity is still under significant strain. With a high correlation to risk trends and a capacity for tremendous volatility, any attempt at making a successful trade through congestion must be developed with a strong technical setup. Why Would GBPCHF Hold a Range? Levels to Watch: -Range Top: 1.7475 (Fib, Pivot, Trend, SMA) -Range Bottom: 1.6475 (Fib, SMA, Trend) The financial marketsTue, 17 Feb 2009 05:50:16 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-16.htmlLike the EURGBP range setup from Thursday, the USDJPY position we are look at for Monday’s open is very risky. In fact, looking at the event risk on hand and the potential in technicals, it is clear that this is an extremely risk range – though one with expected returns to match this danger. Why Would USDJPY Hold a Range? Levels to Watch: -Range Top: 92.25 (Fib, Pivot, Trend, SMA) -Range Bottom: 87.15 (Fib, SMA) There is extreme event risk on the horizon for USDJPY. First thing Monday morningMon, 16 Feb 2009 05:51:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-13.htmlThere is a high breakout risk from EURGBP over the next 24 hours as technical volatility meets the highly unstable, fourth quarter GDP numbers from Europe. However, the potential for data to meet or exceed recession forecasts could actually work in favor of the pair’s strong, technical range. Why Would EURGBP Hold a Range? Levels to Watch: -Range Top: 0.9075 (Fib, Pivot, Trend, SMA) -Range Bottom: 0.8630 (Fib, SMA) Not only has the EURGBP seen substantial volatility recently through itsFri, 13 Feb 2009 05:56:21 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-12.htmlIt is difficult to find a decent range setup that is not highly sensitive to highly volatile risk trends. NZDUSD cannot avoid the link to the back and forth in sentiment; but it does have a promising technical setup. Why Would NZDUSD Hold a Range? Levels to Watch: -Range Top: 0.5355 (Fib, Pivot) -Range Bottom: 0.5180 (Trend, Fib, Pivot, SMA) Risk trends are the primary fundamental concern for nearly every pair in the currency market. As the balance between risk and return settles once againThu, 12 Feb 2009 06:07:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-11.htmlWith risk trends prompting high volatility from the currency market, any range setups require a sound fundamental and technical foundation to minimize the potential for a breakout should the entire currency market shudder once again. EURCHF delivers on both fronts – though it too is still exposed to the elements. Why Would EURCHF Hold a Range? Levels to Watch: -Range Top: 1.5150 (Fib, SMAs) -Range Bottom: 1.4900 (Trend, Fib, Pivot) The euro crosses suffered from the same dramatic flux inWed, 11 Feb 2009 06:02:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-10.htmlIs the currency market in the middle of a significant shift in sentiment? With the majors pointing towards possible trend reversals and many of the liquid crosses already on their way, this seems to be a legitimate possibility. Few pairs can hope to avoid this broad market driver; but if any exchange rate can, it would be AUDNZD. Why Would AUDNZUD Hold A Range Levels to Watch: -Range Top: 1.2750 (Range High) -Range Bottom: 1.2550 (Trend, Fib, Pivot) For many of the majors and most liquidTue, 10 Feb 2009 06:09:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-09.htmlThere is a lot of pent up energy behind the currency market with the yen and pound crosses driving significant drives and the many of the majors positioned for trend-defining breakouts. This raises the appeal of USDCAD when searching for range setups as the close fundamental trade links and long-term congestion are marks of a sound congestion play. Why Would EURCHF Hold a Range? Levels to Watch: -Range Top: 1.2530 (Pivot, Fibs) -Range Bottom: 1.2225 (Trend, Pivot, Fibs) Volatility for USDCADMon, 09 Feb 2009 06:35:13 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-06.htmlWith the pound and yen crosses both winning significant breakouts (even if much of the initial surge has been retraced) and many of the majors positioned for something similar on tomorrow’s NFPs, conditions are generally unfavorable for range trading. However, with a fundamentally-buffered EURCHF comfortably positioned in the middle of its own congestion band, a range may be a good setup. Why Would EURCHF Hold a Range?   Levels to Watch: -Range Top: 1.5175 (Pivot, SMAs) -Range Bottom:Fri, 06 Feb 2009 05:40:50 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-05.htmlOver the next 48 hours, currency market volatility will be stoked by two key central bank rate decisions and the defining US non-farm payrolls report. With the most liquid currency pairs positioned for major breakouts, such tremendous event risk exposes any range setup to danger. Why Would AUDNZD Hold a Range? Levels to Watch: -Range Top: 0.8015 (Trend, Pivot, Fib, SMA) -Range Bottom: 0.7735 (Channel Bottom, Fib) There is substantial event risk from the majors over the next 48 hours of trade.Thu, 05 Feb 2009 05:44:07 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2009-02-05.html