Autochartist Forecast

08/07/2009

USD/JPY Trends Lower as Yen Gains on Dollar

The 60 minute Reversal Channel Down pattern on the USD/JPY tells thestory so far this week: The yen is gaining on most currencies. The yenis often a flight to safety buy when traders and investors are riskaverse.

07/07/2009

GBP/USD Trading Lower in Channel Down

The GBP/USD has been trending lower since the high made at 1.6744 onJune 30th. The 60 minute chart has alerted a Reversal Channel DownEmerging pattern.

06/07/2009

The EUR/USD Trends Lower Through 1.3900

The 30 minute EUR/USD is trading within a Continuation Falling Wedge on the30 minute chart. This is an emerging pattern that is pointing to a coupleof interesting scenarios.

03/07/2009

USD/CAD Congests on Short Term Intraday Timeframe

With the 4th of July bank holiday in the U.S., the typical marketoverlap with Frankfurt, London and New York will have significantly lessvolume. However Frankfurt and London will be trading today untilapproximately Noon EST.

02/07/2009

USD/JPY Shows Risk Appetite Reaching a Ceiling

As the U.S. Dollar Index climbs back over the 80.00 mark today it likelywill be at the expense of equities sinking. Pre-market, the Dow is down53. This means that investors are still not sure that they are willingto assume risk.

01/07/2009

Watching Short Term Yen Pair Set Ups

The yen pairs are on the move again as the Dow Industrial has beenmoving more within the current, tight range between 8,900 and 8,200.We'll take a look at some 15 minute chart pattern alerts across USD/JPY,EUR/JPY, and GBP/JPY.

30/06/2009

EUR/USD Reaches 1.4150 Decision Level

The EUR/USD has been climbing steadily against the U.S. Dollar andprices have been testing the 1.4138 to 1.4154 resistance area. The 15minute Reversal Rising Wedge Complete Pattern alert traded up to the1.4110 to 1.4140 resistance Forecast Region.

29/06/2009

GBP/USD Nears Ascending Triangle Resistance

The GBP/USD had been losing ground early in the London session, only tofind near term support just below 1.6500. The Continuation Channel UpEmerging Pattern alert shows the uptrend line support on the 15 minutechart as the pound gains on the dollar.

26/06/2009

Dollar Weakens as Dow Rallies and USD/JPY Breaks Lower

The relationship between the Dow Jones and U.S. Dollar Index has beenopposite. As the risk appetite is returning to the market withyesterday's 172 point rally in the Dow, the U.S. Dollar's flight tosafety trade has been unraveling.

25/06/2009

USD/CAD Breaks Ceiling, Follows Uptrend

The 240 minute USD/CAD is trending higher as it has broken the 1.1500resistance and psychological level. The set up discussed yesterdayconsidered what the set up would be if prices could not break theceiling, as the Initial Trend was not high and there was considerableresistance on short term charts.