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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.

More choppiness this week

from the look of the charts, I would expect more corrective action this week. In particular I am very curious to see what the Loonie does this week as it has been gaining on the USD faster than the other majors. The action around it’s low on Friday should be watched closely.


USD Index.

Not much to go on.




Friday’s low has been rejected. A little upside to start the week perhaps.




Choppy price action suggest correction which (when complete) should give way to an upside thrust

GBPUSD_Apr_10_ 09



Here we have a strong rejection which could be a potential top.




The lower trend-line is an important pivot point


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