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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Weakness Archive
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GBPUSD: Deepening Corrective Weakness
Posted on July 12, 2010 | No CommentsGBPUSD: Having halted its nearer term recovery at 1.5239, which started from its 2010 low at 1.1875 to close lower the past week, further extension of that weakness is presently seen targeting the 1.4872 level, its July 01’10 low. A firm violation of there will... -
USDJPY: Weakness To Develop Towards The 84.80 Level
Posted on July 3, 2010 | No CommentsUSDJPY: The pair is now developing downside momentum for a return to its major support at the 84.80 level, its Nov’2009 low after an upside price rejection saw it cutting through its short term rising trendline earlier in the week. The pair had rallied off... -
Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough
Posted on July 3, 2010 | No CommentsThere continues to be risk aversion, but the greenback is not benefiting. The greenback started the week gaining, but lost its appeal towards the end of the week. The EUR/USD reflects this volatility. The euro had some surprising strength and with broad USD weakness, the... -
EUR/USD: Greenback Weakness Suggests More Consolidation
Posted on July 1, 2010 | No CommentsThe correction rally from 1.2150 was expected as mentioned in the Chartist Corner (I won’t get the recording up until Friday unfortunately). I was looking for topping action coming out of this rally. I mentioned after waiting for 2 swings. In this case, the second... -
GBP/JPY: Bearish Momentum Pop May Imply Weakness
Posted on June 30, 2010 | No CommentsHere I define a bearish RSI(14) pop as a it swings from above 60 straight down below 30 without crossing over its own 5-moving average. The bearish signal is based on the fact that the market is able to muster enough momentum against the prevailing... -
Weekly Review and Outlook: Dollar Index Targeting 2009 High on Euro Weakness and Risk Aversion
Posted on June 6, 2010 | No CommentsEuro dived through 1.2 level against dollar last week on a couple of factors. Comments from Hungarian officials sparked concern that debt crisis in Europe is spreading over Europe. ECB warned of loan losses in its financial stability report. The ultra-safe overnight deposits with ECB... -
USDCAD: Corrective Weakness Still Dominates
Posted on June 4, 2010 | No CommentsThe pair reversed its intra day weakness to close slightly higher on Thursday and with an offered price action in early trading today a retest of that 1.0332 may be shaping. Below there if seen will highlight its former channel top at 1.0270. As highlighted... -
FX Forecast Update: More EUR Weakness ahead – but the Worst is Likely Behind
Posted on May 21, 2010 | No CommentsIn several issues of FX Forecast Update we have written about the risk related to the debt situation in the PIIGS countries. Admittedly however, we did underestimate the impact on the FX market – not least on EUR/USD. We revised our 3M EUR/USD forecast lower... -
GBPUSD: On Weakness Path To The 1.4473 Level
Posted on May 15, 2010 | No CommentsGBPUSD: With a decisive break and close below the 1.4718 level, its May 11′10 low achieved on Thursday, GBP has now cleared the way for run at the 1.4473 level, its 2010 low. Below there will pave the way for a further push towards its...