Forex Technical Update 9/28/2010 USD/JPY is sliding towards the levels right before the intervention a couple of weeks ago. There should be some support ahead. The Euro continues higher against the Yen, Pound, and US Dollar. Gold rallies after a quick retracement. Finally AUD/USD extends towards swing target, and USD/CAD remains in sideways range. Fan Yang CMT www.fxtimes.com
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Forex Technical Update 9/24/2010 Fan Yang CMT www.fxtimes.com I am going to go over some Japanese –Yen crosses. The USD/JPY is hovering above 84.00. The Euro is strong and rallying against the Yen. The Sterling lost to the yen, but is in a bullish attempt by the end of the week. The AUD/JPY topped off, but has not confirmed the topping action. The CAD/JPY declined most of the week, but is supported above the previous consolidation zone. As expected since the intervention, the CHF/JPY is indeed the only one with a bullish attempt. By week’s end however, the Japanese yen pared some of the week’s losses.
Forex Technical Update 9/23/2010 Presented by: Fan Yang CMT CTA www.fxtimes.com The Euro has been rallying this past couple of weeks as shown in the EUR/USD, EUR/JPY and EUR/GBP. However, the Euro’s strength is being challenged today. Let’s take a look at these charts as well as the EUR/CAD which just broke out of a flag pattern. I also want to take a look at the GBP/USD and GBP/JPY pairs.
In the Fed’s statement policy makers showed concern about the low levels of inflation and left the door open for more quantitative easing, but didn’t agree to any steps right now. The knee-jerk reaction was to sell the Dollar in currency markets and we saw broad dollar-weakness as a result. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
