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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.

Dollar could be reaching the Rubicon

November 21, 2009 at 6:38 pm • Posted in fxweeklyreport

Looking at the Dollar Index, there is evidence that the long term trend is breaking down as the price action is now on the opposite side of the line. There is always a chance the price action could trail down further using the line as support, however this usually signals a limited move.

 

USD Index – There is now a trend-line that could act as resistance. A move above 77.00 would bolster the bullish case.

USDindex_Nov_21_09

 

EUR/USD – Could be breaking – This week will be interesting

EURUSD_Nov_21_09

 

GBP/USD – My view here is I expect some downside but I wonder if it will be limited

GBPUSD_Nov_21_09

 

USD/JPY – Will this pair ever bottom? There is a current support. Will it hold?

USDJPY_Nov_21_09

 

USD/CHF – Looks a lot like the Index or the EUR/USD upside down

USDCHF_Nov_21_09

 

AUD/USD – Broke trend line but did not close below it. Let’s see what happens following the retrace

AUDUSD_Nov_21_09

 

NZD/USD – This pair has broken through it’s long term trend-line. A break below .7080 could bring acceleration

NZDUSD_Nov_21_09

 

USD/CAD – Seems to be working higher. The 1.09 area is the next resistance point

USDCAD_Nov_21_09

 

EUR/JPY – Until the long term range is broken not much can be observed here

EURJPY_Nov_21_09

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