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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

April 12, 2009 at 2:16 pm • Posted in fxweeklyreport

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.

usdindx_Apr_10_09

 

EUR/USD

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

EURUSD_APR_10_09

 

GBP/USD

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

GBPUSD_Apr_10_ 09

 

EUR/JPY

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

EURJPY_Apr_10_09

 

USD/CAD

The lower trend-line is an important pivot point

USDCAD_APR_10_09

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