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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.

USD breaking down – But is this a terminal thrust?

The USD is breaking down. And I expect a little more USD weakness But… This puts all dollar traded currency pairs back into severely overbought territory.

I am a bit of a contrarian. I would ask the question this week of; When is too much just simply "Too Much"?

I would not be surprised if we see a blow off and reversal some time this week or next. Good trading.

 

USDIndx – Watch for action around this triple bottom.

USDIndx_Aug_2_09

 

EUR/USD – Will this pair triple top? or break out?

EURUSD_Aug_2_09

 

GBP/USD – Searching for a new top?

GBPUSD_Aug_2_09

 

USD/CAD – Getting into oversold territory again.

USDCAD_Aug_2_09

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