Forex Technical Update 8/17/2010 FXTimes Fan Yang, CTA The USD is in mixed trading today. The EUR/USD strengthened slightly while the GBP/USD slid, but still remains in consolidation. The USD/JPY is following our bullish count scenario so far and we will get a very important clue today. The USD/CAD is declining after testing resistance. Finally I will follow up on the EUR/GBP, which is in a strong pullback that is challenging my bearish outlook.
Forex Technical Update 8/6/2010 Fan Yang, CTA FXTimes While the USD continues to be weak, the Japanese yen is actually showing resilience and still a chance to gain further, although the Japanese government will be unwelcoming to this trend. The EUR/JPY and GBP/JPY struggles to break away from their recent consolidation zone. Even the CHF is sliding against the Yen. The Commodity currencies AUD and CAD also show weakness to the Japanese currency. The USD/JPY continues to slide, which comes as no surprise.
Forex Technical Update 7/19/2010 Fan Yang CTA www.FXTimes.com This week, equity markets started somewhat subdued, with Asian markets sliding, and European and US markets giving away early gains. The dollar and yen were mainly gainers to start, but the dollar’s strength fizzled during the European session. The Euro also continues to position strongly. I will briefly go over charts of the EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and AUD/USD.
Forex Technical Update 7/6/2010 Fan Yang, CTA FXTimes In the US session today, the Yen and Euro were the gainers, while the USD and gold were losers. The Euro was able to keep its gains on the USD, while the British Pound could not. USD weakness and Yen strength can be seen in the USD/JPY. Also, the USD/CAD appears to have completed a double top. Lastly, gold continues to head lower after topping and may be crashing through the current support near 1220.
Meet John at the FXCM Expo in Las Vegas May 2-4 www.FXCMEXPO.com Produced by: DailyFX.com Daily wrap-up of the US Forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the next 24 hours and trading ideas
