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FX Weekly Report
The FX Weekly Report provides the latest, in-depth forex technical analysis about the FX market each week. By Pierre Charlebois.

Continued USD weakness suggested by technicals

I’ve post the USD index this week as there are now two strong rejections of a descending trend-line. A break of that trend line would suggest a period of Dollar strength, however at this time the rejections point to the index heading lower. The US Presidential inauguration may have an effect, however that should show up longer term and not necessarily affect this weeks sentiment.

Cheers and good trading,

Pierre

USDINDX_Jan_18_09 

EURUSD_Jan_18_09

GBPUSD_Jan_18_09

USDCAD_Jan_18_09

EURJPY_Jan_18_09

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