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/2008-07-01.htmlA failure of follow-through on the rumors of a surprise SNB rate increase coupled with uncertainty over the fate of the US economy as the Fed shifts to neutral amid record-setting weakness in the US labor market has seen USDCHF settle into a range. Trading Tip – Labor market statistics have gained particular prominence as last month’s US unemployment rate saw its largest gain in 22 years. Consumer price gains for Switzerland may also increase volatility as the SNB has been rumored to issue aTue, 01 Jul 2008 11:45:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-07-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-25.htmlA bare Canadian calendar this week has left traders with little excuse to commit to a definitive direction for EURCAD. Last week’s German PPI came in stronger than expected, suggesting this week’s CPI numbers are likely to follow suit. We will look to this momentum to drive the pair higher towards our entry to enter short with the overall trend’s bias. Trading Tip – Current inflationary trends have been dominating headlines. As such, German CPI numbers will be a closely watched and may signalWed, 25 Jun 2008 06:52:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-20.htmlAcute fear of looming inflation have made the Bank of England reluctant to stimulate sagging growth with a rate cut, bringing the Pound’s pairing with the Euro off record highs near 81.00. For its part, the ECB has been firmly on hold for months and is likely to remain as the most recent CPI showed prices growing at 3.7%. Both countries face deterioration in growth prospects at the hands of the US-led global slowdown. A heretofore expected divergence in monetary policy has now given way toFri, 20 Jun 2008 08:44:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-13.htmlFollowing a test above the historical 1.60 level, the Euro rally against the US dollar lost its steam and the pair retreated lower. Increasing evidence that the Euro zone will not be able to de-couple from US slowdown has kept the pair range-bound since May. The Fed’s recent hawkish shift creates symmetry between their monetary stance and that of the ECB, suggesting the pair may be mired in a range for some time to come. Trading Tip – Thursday saw Ireland hold a referendum deciding whether theFri, 13 Jun 2008 06:54:11 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-03.htmlWith the Japanese calendar virtually empty and the US ISM survey behind us, significant event risk does not enter the picture again until Friday with the Non-Farm Payrolls report. This allows plenty of time for our trade to materialize. Further, the current range has already persisted through a full monthly of US data, lending strength to current support and resistance levels. Trading Tip – Today’s erratic market environment is not conducive to a range-bound approach. Conservative traders thatTue, 03 Jun 2008 08:14:23 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-06-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-12.htmlWith the US reporting on highly vulnerable sectors of the fundamental landscape and all Australian data out of the way early in the week, it looks likely that we will see just enough bad Aussie news to push AUDUSD to support for a long entry before the dollar bear comes back. Trading Tip – Today’s erratic market environment is not conducive to a range-bound approach. Conservative traders that are intent on following a range-bound approach should be mindful of this when evaluating these tradeMon, 12 May 2008 06:03:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-07.htmlA breakdown in a major bullish trend suggested the Swiss Franc / Japanese Yen pairing was due for a period of consolidation. This has started to occur, and the mild calendar for the rest of the week offers a good argument for more of the same. Trading Tip – A common cliché among traders holds that “the trend is your friend.” When applied to range trading through periods of consolidation in an otherwise trending market, this means only entering a trade in the direction of the trend. InWed, 07 May 2008 08:49:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-01.htmlAUDNZD has been rallying along a virtually vertical trajectory in April. Last week, we had been looking for consolidation to yield a range trade but our entry order was not filled when AUDNZD failed to pull back and rallied higher. The pair now finds itself just below 1.2070, a major top that capped last year’s 1200-pip rally and saw the pair retrace as low as 1.1150. A level of such significance warrants a pause for consolidation. The downside is capped by a 161.8% Fibonacci extension of theThu, 01 May 2008 05:43:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-05-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-23.htmlAlthough the week carries typically significant event risks with Australian Consumer Price Index and an interest rate decision from the Reserve Bank of New Zealand, their implications are substantially limited as overall trajectory in monetary policy in both antipodean countries is well known. We reckon this opens the door for continued consolidation below the recent top in price action. Trading Tip – Remaining event risk for Australia and New Zealand concerns interest rates, with Aussie CPIWed, 23 Apr 2008 06:05:07 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-17.htmlHaving established a range below a recent double top, the EURJPY looks unlikely to find a catalyst for breakout with little market-moving data set to print for the remainder of this week. Data will likely play more to US dollar sentiment, as both the European and Japanese economies will be judged on their degree of decoupling from America. Trading Tip – While economic data event risk is minimal for the remainder of the week, it is important to not that EURJPY along with other “carry” pairingsThu, 17 Apr 2008 06:41:33 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-09.htmlThe new symmetry in interest rate policy between the SNB and ECB has catalyzed a trend change in EURCHF. The cross has not been particularly responsive to individual data releases, suggesting an orderly move along a fundamentally set trajectory at established technical levels. Trading Tip – The Franc rallied against the Euro in Q1 as the SNB appeared more hawkish. Now that both banks are firmly on hold, EUR has started to look undervalued and the cross is due for a correction. EURCHF has notWed, 09 Apr 2008 05:56:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-02.htmlTrading Tip – Recent market volatility has not made for a fertile range trading environment, with this week’s price action being particularly erratic around the ISM and NFP releases out of the US. Time has shown that a de-coupling from US slowdown is unlikely, so this data holds implications for the market as a whole. Today’s ISM printed at 48.6, slightly better than expected but still below the boom/bust 50 level. This was hardly a strong rebound, and yet the USD pushed higher for aWed, 02 Apr 2008 11:58:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-04-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-28.htmlTrading Tip – Though we are not expecting erratic price action as traders brace for Friday’s NFP report, we must remain cognizant that current market volatility does not offer much by way of range trading opportunities. Conservative traders intent on following a range-trading strategy may opt to halve their exposure. Should the position be sufficiently close to either profit target ahead of the ISM report on Tuesday, traders may want to lock in profits at that point without braving theFri, 28 Mar 2008 07:48:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-17.htmlScheduled event risk and the considerable possibility of unforeseen risk threaten high volatility next week – unfavorable conditions for finding range trades. However, there are still a few pairs with strong technicals that could avoid next week’s FOMC rate decision and have a limited response to another wave of risk aversion should credit markets seizure again. Trading Tip – Scheduled event risk and the considerable possibility of unforeseen risk threaten high volatility next week –Mon, 17 Mar 2008 06:51:01 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-10.htmlOur suggested NZDUSD long position is one that we recommended yesterday on DailyFX+, and given the drop in Kiwi on Friday, the trade looks even better and offers traders the opportunity to benefit from the high yield the New Zealand dollar offers. NZD/USD – The Pair to Short-Term Range Trade Trading Tip – Our suggested NZDUSD long position is one that we recommended yesterday on DailyFX+, and given the drop in Kiwi on Friday, the trade looks even better. This trade is similar to an AUD/USDMon, 10 Mar 2008 06:46:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-03.htmlAs we have said over the past few days, current market conditions are not at all favorable for range trading. Volatility has surged market wide producing a number of breakouts, the winds of risk trends have kicked up, and the global calendar has filled out with a number of key rate decisions. With so much going on, few charts are carving reliable ranges. Trading Tip – As we have said over the past few days, current market conditions are not at all favorable for range trading. Volatility hasMon, 03 Mar 2008 06:07:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-03-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-25.htmlEURUSD is a closely watched pair; and as it approaches its record high’s, the market’s focus will only intensify. However, despite this attention, the pair has also carved a notable range. A wedge (ascending triangle) has defined price action for the long trending pair since October. Essentially, the 1.4900/50 area is defined by a triple top whose first test also happens to be the record high for EURUSD. Nonetheless, there is considerable risk in taking this range trade considering the majorMon, 25 Feb 2008 06:49:38 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-18.htmlRanges have become rather prevalent across the currency market, allowing us to be more selective in choosing our congestion trade. Scanning the charts, and taking account of the potential event risk attached to each one, few pairs look as attractive as EURGBP for a range trade. After a momentous rally, spot has now come upon resistance seen around 0.75. This ceiling has been formed by a number of notable yet independent technicals – increasing its exposure to the market and improving the oddsMon, 18 Feb 2008 05:57:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-11.htmlTrading Tip – Given a slowdown in overall market volatility, the British Pound has been trading within a fairly wide range against the Swiss Franc through the past several weeks of currency trading. Assuming that market conditions remain as they have, we believe that this represents an ideal opportunity to play the range in the GBPCHF. Medium term momentum suggests that risks remain to the downside for the carry trade-linked pair, and a short at resistance of 2.1762 seems to be the moreMon, 11 Feb 2008 05:54:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-06.htmlGiven limited event risk out of both the Euro Zone and UK, we feel that current market conditions support further EURGBP rangebound price action. A multi-month rising trendline offers clear-cut support for the pair, and any hourly close below this mark will nullify our EURGBP-long range trade. Yet traders should nonetheless watch for Thursday morning’s critical Bank of England and European Central Bank interest rate decisions. We would prefer to be out of this particular trade ahead of suchWed, 06 Feb 2008 05:57:00 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-04.htmlWith much of the major, scheduled economic data that has ties to general risk trends and global interest rate trends past us, there is a little breathing room for taking range trades in the more volatile pairs. Certainly, CADJPY is an active pair with significant intraday swings; yet its range is appealing, whereas those congestion bands the majors have already put in for significant pull backs and are no longer actionable at current levels. Trading Tip – With much of the major, scheduledMon, 04 Feb 2008 06:02:02 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-02-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-28.htmlThis is our third recommendation for an AUDNZD range trade this week. The first setup played out nicely, though our restrictions on excess risk prevented us from participating in the profitable move. The second setup was stopped on a large upper wick on a false break. Through all of this though, the pair’s range has remained. Therefore, we will stick with this strong technical formation and will tailor our strategy to align our trade with the market’s direction. Trading Tip – This is our thirdMon, 28 Jan 2008 05:34:37 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-19.htmlWe recommended the NZDUSD’s rising trend channel as a range trade on Wednesday; and the strategy proved profitable today as we were entered and hit our first target before our second lot was stopped out at breakeven. Looking at the technicals after this trade, the setup for a range looks better today than it had two days ago. Our dominate technical formation remains the rising trend channel that found its start at the end of September. Trading Tip – We recommended the NZDUSD’s rising trendSat, 19 Jan 2008 05:21:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-14.htmlWe attempted an AUDNZD range trade earlier this week in the face of looming event risk. Ultimately, the gamble would not pay off as a surprise retail sales report from Australia drove AUDNZD on a false break that ran our stop loss. This time around, however, conditions have changed. First of all, the economic docket for both economies is relatively clear of major release until after the mid-point of the week. And, from a technical standpoint, we are now at the bottom of the rising trendMon, 14 Jan 2008 05:53:17 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-07.htmlAfter a volatile start to the New Year, there are few currency pairs that are still looking at strong ranges. What’s more, of those that are making the grade, heightened volatility in risk trends and growing interest in the FOMC’s next rate decision are threatening breakouts. The only range trade that seems to be immunized against both risk trends and dollar interest is CHFJPY. While the Japanese yen has had a heightened correlation to other, risky assets like equities and commodities, theMon, 07 Jan 2008 05:35:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2008-01-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-31.htmlRecent Australian dollar gains have been completely offset by similar Canadian dollar rallies, but a hold of support on the AUDCAD pair may send the Aussie higher through short-term currency trading. As such, we look to take advantage of what appears to be an excellent range trading opportunity in the week ahead. Virtually empty economic calendars for both currencies will likely make for quiet price action through the holiday-shortened trading week. Yet we are mindful of the fact thatMon, 31 Dec 2007 06:09:06 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-24.htmlHoliday trading will be in full swing this upcoming week with the currency markets closed on 12/25 and 12/26. The only pieces of economic data due for release on Monday will be from Japan. We do not have any meaningful US data until Thursday. This should lead to exceptionally quiet trading on Monday – which makes the EURUSD the perfect range trade.Mon, 24 Dec 2007 06:17:59 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-17.htmlThough volatility is a natural component of CAD/JPY trading, the pair’s range and Friday’s close just below resistance is too tempting a technical setup to pass up. The range is clearly defined by a number of fib retracements falling perfectly into place, as well as a few ancillary technicals contributing their own barrier to price action. Fundamentally, this pair is a risky trade considering the relatively full Canadian calendar. However, with the holiday’s fast approaching, volatility inMon, 17 Dec 2007 05:38:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-10.htmlNZD/USD has been a clear range trade candidate since mid-October. And, while the rising trendline pulling up support has been the more consistent level in the range, resistance around 0.78 has proven itself equally reliable in rejecting market runs. Technically, the biggest problem with a short position to take advantage of this pair’s range is that 0.78 has seen aggressive spikes that have pulled back before the daily candle could close. Trading Tip – NZD/USD has been a clear range tradeMon, 10 Dec 2007 05:49:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-03.htmlThere is considerable event risk for the majors (due to heavy-hitting US data and the GCC summit), carry pairs and a number of currencies whose central banks are scheduled to release rate decisions. To balance some of this risk, we will look to range trade AUD/CAD, a pair that is comprised of two commodity exporters whose central banks have a hawkish lean. Both the RBA and BoC are scheduled to release rate decisions next week, though neither is expected to shift their benchmark target. TradingMon, 03 Dec 2007 06:29:02 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-12-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-22.htmlHeading into the final two trading days of the week, we are heading into unknown territory in terms of market volatility. There is very little in the way of event risk from any of the major currencies; however, there is still a strong underlying current following the ebb and flow of risk appetite. In an attempt to neutralize possible market fluctuations from high volatility (sometimes a product of low liquidity in the market), we are looking to range trade CHFJPY. This pair is comprised of theThu, 22 Nov 2007 07:08:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-19.htmlThe GBPUSD was recommended as the short-term pair to range trade on Thursday in DailyFX+ and current positioning makes it one of the optimal candidates for range trading for the week ahead. Much of the heavy event risk from both sides of the pair crossed the wires last week. What’s more, adding to the notable lull in scheduled event risk, the extended Thanksgiving weekend in the US should further sap liquidity and could dampen volatility in turn. Trading Tip – The GBPUSD was recommended as theMon, 19 Nov 2007 05:47:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-12.htmlOften times, a good range opportunity comes hand in hand with a high probability of a breakout and vice versa. The set up in AUDUSD is certainly walking that fine line. Recently, the pair cascaded lower, carried by wave of risk aversion that produced volatility in a nearly 175 point decline. The weekend pulled the plug on momentum; but the chart is still marked with lower lows - raising the prospects of a breakout. However, with the weekend acting as a potential cooling period for the previousMon, 12 Nov 2007 06:47:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-07.htmlA strong tumble in the EURCHF leaves the pair just above key trendline and Fibonacci support. A continued hold of said level leaves our subsequent range trade in play, and we are prepared to hold it unless we see a daily close below 1.6698. Trading Tip – A strong tumble in the EURCHF leaves the pair just above key trendline and Fibonacci support. A continued hold of said level leaves our subsequent range trade in play, and we are prepared to hold it unless we see a daily close below 1.6698.Wed, 07 Nov 2007 06:48:01 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-11-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-29.htmlYesterday’s EURCHF recommendation on DailyFX+ has proven profitable in its first full day of trading, but we will protect ourselves from fresh downward risks on the pair on concerns that it may turn near current market levels. We do not believe that a short position is well-advised, however, as the medium-term trend remains towards fresh EURCHF record-highs. In the face of such momentum, we may look to add to our standing trade on a 240-minute bar close above the 1.6754 mark. Trading Tip –Mon, 29 Oct 2007 06:07:59 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-22.htmlThe medium term AUDNZD uptrend remains firmly intact, and we believe that a short-term correction may allow for solid risk-reward on a subsequent range trade. Watch for a hold of 1.1817 to initiate a long position, setting stops below previous spike-lows at 1.1759. Trading Tip –The medium term AUDNZD uptrend remains firmly intact, and we believe that a short-term correction may allow for solid risk-reward on a subsequent range trade. Watch for a hold of 1.1817 to initiate a long position,Mon, 22 Oct 2007 11:55:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-15.htmlStrong equity rallies have allowed the New Zealand dollar to retrace ground against its Australian counterpart, but we believe that Aussie strength will be enough to lift the AUDNZD beyond recent wedge formation resistance. Trading Tip –Strong equity rallies have allowed the New Zealand dollar to retrace ground against its Australian counterpart, but we believe that Aussie strength will be enough to lift the AUDNZD beyond recent wedge formation resistance. A break higher eyes extension towardsMon, 15 Oct 2007 07:11:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-08.htmlWe are fairly confident that the AUDCAD will continue its medium term reversal through upcoming trade, and short-term support offers solid risk-reward on a long near market levels. Stops shall be relatively wide to avoid being shaken out of the position on intraday volatility, but the trader may close the short if price shows a daily close below the 0.8770 mark. Trading Tip – We are fairly confident that the AUDCAD will continue its medium term reversal through upcoming trade, and short-termMon, 08 Oct 2007 06:01:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-01.htmlWe feel that risk/reward and overall momentum favors continued EUR strength, and as such we will look to go long the EURGBP on a hold of recent support. According to recent Commitment of Traders Futures positioning, relatively healthy positioning in the EUR signals further potential gains. Trading Tip – We feel that risk/reward and overall momentum favors continued EUR strength, and as such we will look to go long the EURGBP on a hold of recent support. According to recent Commitment ofMon, 01 Oct 2007 06:48:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-10-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-09-24.htmlThe AUDCHF has stalled at significant resistance at the 1.0200 mark, with the confluence of a 61.8% Fibonacci retracement and the 100-day Simple Moving Average restraining a further advance. Such price action suggests that the pair may fall further through the coming days of trade, offering a solid range trade opportunity. Trading Tip – The AUDCHF has stalled at significant resistance at the 1.0200 mark, with the confluence of a 61.8% Fibonacci retracement and the 100-day Simple Moving AverageMon, 24 Sep 2007 07:23:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxcm.com (FXCM)http://www.fxstreet.com/technical/forex-strategy/pairs-to-range-trade/2007-09-24.html