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Currency Charts

Short-Term AUD/CAD Range Bound Scalp

Short-Term AUD/CAD Range Bound Scalp
The AUD/CAD pair presents traders with a short-term scalping opportunity between 1.0400 and the 1.03600 as the pair continues to range amid a quiet economic docket.

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Forex Trading Weekly Forecast – 05.09.2011

Forex Trading Weekly Forecast - 05.09.2011
US Dollar: Is This the Long-Awaited Recovery or a Temporary Bounce? Euro: Is this The Turn? Speculative Sentiment and Greece Could Decide Japanese Yen Approaching Critical Levels - BoJ Warns British Pound To Threaten 2011 Trend Should Rate Expectations Falter Canadian Dollar: Will Slower Growth Curb Interest Rate Expectations?

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USD/JPY Classical Technical Report 05.06

USD/JPY Classical Technical Report 05.06
USD/JPY: Despite the latest slide, we continue to retain a constructive outlook for the market so long as it holds above the daily Ichimoku cloud on a weekly close basis. Ultimately, only a sustained break back below the cloud would negate constructive outlook.

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GBP/JPY Classical Technical Report 05.06

GBP/JPY Classical Technical Report 05.06
GBP/JPY: Thursday’s intense bearish price action certainly does a good job of compromising our constructive outlook.

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FOREX: Dollar Making Slow Progress on a Recovery as Capital Markets Slip through Data Low

FOREX: Dollar Making Slow Progress on a Recovery as Capital Markets Slip through Data Low
Where the dollar was struggling to curb its consistent losses and post that desperately needed bullish close Monday, the currency would post a more comfortable gain through this past trading session.

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An Intraday CAD/JPY Sideways Channel is Creating Scalping Environment

An Intraday CAD/JPY Sideways Channel is Creating Scalping Environment
As the CAD/JPY pair has consolidated towards the downside in recent weeks, a sideways channel has emerged, though a new pattern could be on the verge of forming.

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DXY Classical Technial Report 05.02

DXY Classical Technial Report 05.02
DXY: The market remains under intense pressure with the price dropping to yet another fresh yearly and multi-month low below 73.00 thus far.

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NZD/USD Classical Technical Report 04.29

NZD/USD Classical Technical Report 04.29
NZD/USD: The rally out from the mid-March 0.7100 area lows has been most impressive, with the market trading back above 0.8000 to leave daily studies severely overbought. However, any additional gains from here are seen limited, with the greater risk for some form of a medium-term lower top by 0.8100 in favor of a bearish reversal back towards and eventually below 0.7820. A topside failure above ...

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British Pound Nearly Reaches Resistance Line

British Pound Nearly Reaches Resistance Line
Daily Bars Prepared by Jamie Saettele Focus for the GBPUSD is on the upward sloping resistance line above 16800 in the coming days and weeks. Ultimately, a push above 17042 will probably complete the entire corrective advance from the 2009 low. A drop below 16430 would shift focus lower towards 16165-16565. Short term support comes in at 16600. Support/Resistance Index (M,W,D) 5, 1, 3 Latest ...

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USD/CHF Classical Technical Report 04.28

USD/CHF Classical Technical Report 04.28
USD/CHF: The latest break to fresh record lows below 0.8700 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for the market to hold above 0.8700 on a daily close basis, while a daily ...

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Forex: Euro Bogged Down By Debt Concerns, British Pound Searches For Support

Forex: Euro Bogged Down By Debt Concerns, British Pound Searches For Support
The euro fell back from a fresh year high of 1.4651 as financing costs for the European periphery rose to a record-high on Tuesday, and the single-currency may continue to lose ground throughout the North American trade as fears surrounding the sovereign debt crisis resurface.

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US Dollar Subject to Increased Event Risk in Coming Days

US Dollar Subject to Increased Event Risk in Coming Days
The dollar continued to drift ahead of Wednesday’s Fed interest rate decision where the central bank will embark on a new medium of communication with financial markets. Early in the session, the greenback saw some brief support as traders shed dollar short positions and commodities weakened.

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Could Major U.S. Data Releases Help Breathe Life into a Collapsing Dollar?

Could Major U.S. Data Releases Help Breathe Life into a Collapsing Dollar?
The coming week will be particularly important for the world’s largest economy, with three significant events on the docket for the United States.

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Euro Focus on 15000

Euro Focus on 15000
DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

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Dollar at 3-year low, gold on hot streak

Dollar at 3-year low, gold on hot streak
NEW YORK (Reuters) - The U.S. dollar tumbled to a three-year low against major currencies on Thursday and gold prices surged to a record high as investors flocked to investments that are less reliant on ...

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FOREX: Dollar Run Sidelined Until Risk Aversion Kicks Back In

FOREX: Dollar Run Sidelined Until Risk Aversion Kicks Back In
If risk appetite is firming up, the US dollar is almost certainly falling back. That is the fundamental reality for a currency that has few roles in the global currency market outside of its function as a reserve and sometime-safe haven.

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Dollar hits 3-yr low; gold, Asian stocks march on

Dollar hits 3-yr low; gold, Asian stocks march on
HONG KONG (Reuters) - The U.S. dollar slid to a 3-year low against a basket of major currencies and Asian stocks jumped to a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.

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Swiss Franc Little Changed

Swiss Franc Little Changed
Daily Bars Prepared by Jamie Saettele The overlapping structure over the past few months in the USDCHF had me suspecting either a triangle or diagonal but structural clarity had eluded me until now. Under the proposed, the USDCHF could work a bit lower to test the lower diagonal line (and perhaps make a throwover) prior to forming a significant low and reversing in impressive fashion (as ...

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FX Headlines: Yen Gains as Currency Markets Shift to ‘Risk-Off’ Phase

FX Headlines: Yen Gains as Currency Markets Shift to 'Risk-Off' Phase
The Yen gained in the overnight session as the currency markets appeared to have switched to a ‘risk-off’ phase, with the commodity currencies taking the biggest hit amid news that the Chinese housing market appears to have bottomed out last month amid tighter lending conditions.

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US Dollar bets frought with risk

US Dollar bets frought with risk
I've made little secret of my US Dollar-bullish bias for some time now, but I have not yet placed a trade as markets have shown little appetite in pushing the Greenback sustainably higher through recent trade. I'm looking for a substantial correction in sentiment before placing said trade. My FX Options Forecast report shows that both long and short positions are particularly risky, making me a ...

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