New York
London
Tokyo
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 strengthening – Will this continue?

December 13, 2009 at 6:30 pm • Posted in fxweeklyreport

The shape of the top on the EUR/USD is unorthodox and not typical. However the move down at this point is strong and impulsive. The next few weeks should be volatile and provide longer term direction.

 

USD Index – The move up is typical of a reversal – Let’s observer where and how a re-trace happens.

USDindex_Dec_13_09

 

EUR/USD – Top is unorthodox but the drop is strong

EURUSD_Dec_13_09

 

GBP/USD – Trend-line is broken

GBPUSD_Dec_13_09

 

USD/JPY – Trading in a very large channel

USDJPY_Dec_13_09

 

USD/CHF – Re-trace coming due

USDCHF_Dec_13_09

 

AUD/USD – Hard to call a top here

AUDUSD_Dec_13_09

 

NZD/USD – Also in limbo

NZDUSD_Dec_13_09

 

USD/CAD – Very narrow range – Which way will it break?

USDCAD_Dec_13_09

 

EUR/JPY – Still in long term range

EURJPY_Dec_13_09

SocialTwist Tell-a-Friend

Leave a Response

Trading Metro
Disclaimer

Before diving into the legalese below, use your common sense when trading. Rely on yourself to define trade execution, don't trade with money you cannot afford to lose, and know the risks of trading. Be responsible, be honest, and use common sense.

Online trading, especially that on margin carries a high level of risk and may not be suitable for all investors. Opinions expressed at Trading Metro are those of the independent authors and do not necessarily represent the opinion of Trading Metro. Trading Metro has not verified the accuracy of any claim or statement made by any independent author. It's your responsibility to ensure the veracity of information presented.

Any solutions, opinions, news, research, analyses, prices or other information contained on this website, by Trading Metro, its employees, partners or contributors, is provided as general market commentary and tools, and does not constitute investment advice. Trading Metro will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Information on Trading Metro is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on Trading Metro is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy and our Privacy Notice.

Feedback Form