Double Top: The 4H GBP/AUD chart shows a market that has established a bottom in March and broke above it in April. This week, it rallied and briefly cracked the previous 1.4827 high before forming a double top. As we get into the 4/17 US session, the market has completed this double top with a break below 1.4737. It looks like there is a chance for at least some very short-term bearish correction.
By Fan Yang | Apr 17 | FX Times
Euro Swissie at a 20-Month High
By David Pegler | Jan 17 | FX Bootcamp
The break over the high of March 2012 Australian Dollar-Yen (AUD/JPY) went as high as 89.04 before retracing to 87.
By Himanshu | Dec 24 | ForexAbode
AUD/JPY recently broke the Clear Up Channel chart pattern identified by Autochartist on the daily charts. Higher Clarity reflects the even price action during the formation of this chart pattern. The top of this Up Channel (point B on the chart below) was formed when the pair reversed down from the major.
By Dima Chernovolov | Dec 23 | Autochartist
A short-selling position at 86.30 with a stop-loss at 86.45 (-15 pips) and take-profit target first at 86.
Dec 10 | ForexAbode
Mark Carney, who is currently the governor of the Bank of Canada was appointed as the next governor of the Bank of England, replacing Mervyn King:Bloomberg The BoC has an unexpected vacant post, which it formed a special committee to recruit for.
By Fan Yang | Nov 26, 2012 | FX Times
Europe's single currency managed to recoup its London session losses against the loonie during today's New York morning session.
Oct 24, 2012 | FX Bootcamp
Bearish continuation? AUD/JPY held under 81.00 last Friday (10/5), and is starting this week with heavy price action around the 80.
By Fan Yang | Oct 08, 2012 | FX Times
Prices put in a Bearish Engulfing candlestick pattern below resistance in the 9928-38 area, hinting a move lower is ahead. Initial rising trend line support is at 9810, with a break below that exposing the September 14 close at 9773. Alternatively, a push above resistance targets the top of a falling channel established from the June 1 swing high, now at 9962.
Oct 05, 2012 | DailyFX
Yesterday was a great session with stocks putting in a top and distribution selling stepped in right on queue. A lot of investments looked as though they were about to reverse. Bonds were set to rally, stocks were set to fall, dollar index was ready to bottom and volatility was primed for a pop.
By Chris Vermeulen | Aug 22, 2012 | Technical Traders
Comm Dollars (Commodity Currencies) have been strong against the USD and JPY this week as equities and oil rallied. For example, S&P500 futures rallied roughly from 1340 to 1375, while WTI crude oil prices rallied from roughly 86.50 to 91.20. The risk-on dynamic buoyed comm dollar strength, but the EUR did not follow as if it has ankle weights on.
By Fan Yang | Jul 19, 2012 | FX Times
Risk aversion continues a firm grip on the markets and the USD continues to gain from safe haven flow. After consolidating briefing below 82.00, the USDX pushes above this resistance and 2012 high and is at the highest level sine September 2010. This coincides with the EUR/USD falling below the 2012 low and cracking the 1.26 handle.
By Fan Yang | May 23, 2012 | FX Times