FX Solutions Forex Analysis Archive

Chart of the Day - 6/06/2008 - USD/JPY

USD/JPY – Depending upon how the downtrend resistance line is drawn on the USD/JPY daily chart, as shown, the pair could have either already hit significant downtrend resistance yesterday (li... Read More

On 06-06-2008

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; uptre... Read More

On 05-06-2008

Chart of the Day - 6/05/2008 - USD/CAD

(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; uptre... Read More

On 04-06-2008

EUR/USD – Within the context of the short-term downtrend on the EUR/US... Read More

On 02-06-2008

EUR/USD – A sign has emerged that price action ... Read More

On 30-05-2008

USD/JPY – Price action on the key USD/JPY daily chart, as shown, has reached a critical resistance level. This level is in the form of a significant long-term downtrend line ... Read More

On 29-05-2008

EUR/GBP – Like the other euro crosses, EUR/GBP (the daily chart of which is shown), is mired in somewhat of a horizontal range consolidation. This occurs after an impressive ... Read More

On 28-05-2008

EUR/USD – Within the context of the current horizontal consolidation ... Read More

On 27-05-2008

EUR/JPY Daily Chart

EUR/JPY – Price on the EUR/JPY daily chart, as shown, is approaching a... Read More

On 27-05-2008

AUD/NZD

AUD/NZD – Price on the AUD/NZD long-term WEEKLY chart, as shown, has just bounced down off a very significant confluence of resistance factors today. The current bearish week... Read More

On 23-05-2008

EUR/CHF

EUR/CHF – Bearish price-oscillator divergence on the EUR/CHF daily chart, as shown, helped to presage the downturn in the pair that began early in the week. This divergence i... Read More

On 14-05-2008

AUD/JPY

AUD/JPY – The traditionally carry-traded cross, AUD/JPY (the daily chart of which is shown), generally tends to respect trendlines and support/resistance levels exceptionally... Read More

On 14-05-2008

GBP/USD Daily Analysis

GBP/USD – With the dollar-strengthening plummet that has occurred in t... Read More

On 12-05-2008

EUR/CHF

EUR/CHF – The EUR/CHF daily chart, as shown, has just bounced up off a steep, short-term uptrend line (labeled “1” on the chart) that exists within the larger con... Read More

On 09-05-2008

NZD/JPY

NZD/JPY – After breaking down below a rather well-defined inverted pennant formation on the NZD/JPY daily chart, as shown, price action has just approached a significant long... Read More

On 08-05-2008

USD/JPY – A tentative breakdown of the steep, short-term uptrend line on the USD/JPY daily chart, as shown, has just been initiated by the current daily bar. This anticipated... Read More

On 07-05-2008

EUR/GBP – The EUR/GBP daily chart, as shown, has been following a nicely-angled uptrend since the last quarter of 2007. Support for this uptrend is represented on the chart b... Read More

On 06-05-2008

GBP/USD Daily Analysis

GBP/USD – Still very much in a long-term uptrend mode despite the rece... Read More

On 05-05-2008

EUR/USD – After failing to hold the all-time hi... Read More

On 02-05-2008

AUD/USD – A very long-term, gradual uptrend in the AUD/USD daily chart, as shown, has currently culminated in a well-formed rising wedge consolidation (as represented on the ... Read More

On 01-05-2008

USD/JPY – Within the context of the long-term downtrend channel (with its dotted line channel extension) on the USD/JPY daily chart, as shown, price action has been marked by... Read More

On 30-04-2008

EUR/JPY

EUR/JPY Weekly ChartEUR/JPY –... Read More

On 25-04-2008

USD/JPY – Within the context of the long-term, steady downtrend channel on the USD/JPY daily chart, as shown, price has formed a steeply-angled rising wedge pattern (as repre... Read More

On 24-04-2008

AUD/USD – As of yesterday, the AUD/USD daily chart, as shown, has once again hit and bounced down off of a key uptrend resistance level (as represented on the chart by the to... Read More

On 23-04-2008

EUR/USD – Record-breaking price action yesterday on the EUR/USD daily chart, as shown, finally brokeout above the previous all-time high to surpass the psychologically-import... Read More

On 22-04-2008

GBP/USD – The GBP/USD daily chart, as shown, is currently displaying some bullish technical signs. First, after breaking out above the descending wedge (represented on the ch... Read More

On 21-04-2008

EUR/JPY

EUR/JPY – After a long-term uptrend that lasted for many years on the EUR/JPY daily chart, as shown, price peaked in mid-2007. Since that peak, we have witnessed a steady yet... Read More

On 16-04-2008

EUR/GBP – How much higher can the euro climb against sterling? Price action on the EUR/GBP daily chart, as shown, displays the sheer magnitude of the steep ascent that has occurred within the... Read More

On 15-04-2008

USD/CAD

USD/CAD – The long-term USD/CAD WEEKLY chart, as displayed, shows price continuing to languish within a confined flag consolidation. Entrenched in a long-term parallel downtrend channel (represe... Read More

On 14-04-2008

NZD/USD

NZD/USD – Today’s Chart of the Day on the NZD/USD daily chart, as shown, is simple and rather clear-cut. Within the medium-term parallel uptrend channel that has been f... Read More

On 11-04-2008

AUD/NZD

AUD/NZD – The long-term AUD/NZD WEEKLY chart, as shown, is displaying some strong support/resistance dynamics at play. Perhaps most importantly, the horizontal support/resistanc... Read More

On 10-04-2008

GBP/JPY

GBP/JPY – Much like with other sterling crosses, the British Pound in the GBP/JPY daily chart, as shown, has essentially been taking a one-way path down since mid-2007. And also... Read More

On 09-04-2008

GBP/CHF Daily Chart

GBP/CHF – Since mid-2007, price action on the GBP/CHF daily chart, as shown, has been c... Read More

On 08-04-2008

GBP/USD – Price action on the GBP/USD daily chart, as shown, has just tentatively poked down below a descending triangle. This triangle is outlined on the chart in dotted yellow... Read More

On 07-04-2008

EUR/USD – Dynamic support and resistance in the form of diagonal trendlines can often describe price action exceptionally well. On the EUR/USD daily chart, as shown, the highest... Read More

On 04-04-2008

USD/CHF

USD/CHF – The large inverted pennant formation on the USD/CHF daily chart, as shown, has been itching at pushing price lower towards a continuation of the long-term, accelerated... Read More

On 02-04-2008

CAD/JPY

CAD/JPY – Price on the CAD/JPY WEEKLY chart, as shown, has just reached a critical juncture as of this writing. A very significant trendline (as represented on the chart in red) has been touched... Read More

On 01-04-2008

GBP/USD – There are currently some technical factors on the GBP/USD daily chart, as shown, that are hinting at a generally bearish outlook for this key currency pair. And this d... Read More

On 31-03-2008

The Commodity Currencies

Market Directions SundayThe Commodity Currencies Two of the Asian Dollars, the Australian and the New Zealand and one of the North American, t... Read More

On 28-03-2008

USD/CAD

USD/CAD – It seems like flags and pennants are everywhere these days. But this comes as no surprise, as these consolidation patterns are among the most common formations found on currency charts... Read More

On 27-03-2008

USD/JPY – At least two technical factors are hinting at a further impending bearish move in the key USD/JPY daily chart, as shown. First, and perhaps most importantly, after the pair broke down ... Read More

On 27-03-2008

EUR/GBP – As mentioned on a recent Chart of the Day, price action on the EUR/GBP daily chart, as shown, was in the beginning stages of forming yet another consolidation pattern. In this case, it... Read More

On 25-03-2008

GBP/JPY

GBP/JPY – As shown on the accompanying GBP/JPY daily chart, this volatile cross has dropped almost 6000 pips since the last long-term high was hit in July 2007. Since that high, the steady price... Read More

On 24-03-2008

AUD/NZD

AUD/NZD – Price action on the AUD/NZD daily chart, as shown, has just hit a key uptrend support line (represented on the chart by the green line). This uptrend has formed within the context of a... Read More

On 23-03-2008

EUR/GBP – Price action on the EUR/GBP daily chart, as shown, appears to have just reached yet another plateau. In bullish mode since around September 2007, this key cross has been moving steadil... Read More

On 21-03-2008

AUD/JPY

AUD/JPY – A key carry-traded currency pair, AUD/JPY (the long-term weekly chart of which is shown) has just reached a critical support level. As the accompanying long-term chart displays, price ... Read More

On 19-03-2008

USD/JPY – Will price action on the USD/JPY daily chart, as shown, bump this key pair back up into the parallel downtrend channel (represented on the chart by the parallel red li... Read More

On 17-03-2008

GBP/USD – Over the weekend the dollar plummeted even further against the major currencies, with the notable exception of the British Pound. As can be seen on the long-term GBP/USD WEEKLY chart, ... Read More

On 14-03-2008

EUR/CAD

EUR/CAD – A large rising wedge pattern has been forming on the EUR/CAD daily chart, as shown, since August 2007. This wedge is outlined on the chart by the converging green lines. The lower bord... Read More

On 13-03-2008

CAD/JPY

CAD/JPY – The CAD/JPY cross has just reached a critical support/resistance level as shown on the accompanying daily chart. The slightly down-angled trendline, represented on the chart by the lon... Read More

On 12-03-2008

AUD/USD – A quick glance at the long-term AUD/USD weekly chart, as shown, provides some significant technical indications that the most recent rally that began around the beg... Read More

On 11-03-2008

USD/JPY – Much like other dollar-based currency pairs, the USD/JPY has been displaying what appears to be a tentative exhaustion in the most recent dollar plummet. In the cas... Read More

On 10-03-2008

EUR/USD – Are we finally approaching an exhaustion, or at least a temporary respite, in the most recent dollar plummet? As of this writing, most dollar-based currency pair ch... Read More

On 09-03-2008

GBP/CHF

GBP/CHF – For the past seven months or so, plummeting price action on the GBP/CHF daily chart, as shown, has been characterized by fast and deep drops interspersed with perio... Read More

On 06-03-2008

EUR/JPY

EUR/JPY – There are currently several different dynamics in play on the EUR/JPY daily chart, as shown. On a long-term basis, the currency pair has been entrenched in a very w... Read More

On 05-03-2008

GBP/USD – After breaking out above the prevailing downtrend channel a couple of weeks ago on the GBP/USD daily chart, as shown, price has consolidated in a rather unmistakable flag formation ... Read More

On 03-03-2008

USD/JPY – As noted in the Chart of the Day posted last Thursday, a clean and strong breakdown of a minor range consolidation (in dotted yellow) occurred last week within the ... Read More

On 29-02-2008

EUR/CAD

EUR/CAD – Within the context of the long-term downtrend on the EUR/CAD daily chart, as shown, price action has formed a rather large rising wedge pattern (represented on the chart by the two ... Read More

On 27-02-2008

GBP/USD – While sterling crosses are displaying a depreciating British pound as of this writing, price action on the key GBP/USD pair is showing approximately the opposite. As is evident on t... Read More

On 27-02-2008