The Forex Pattern, Price & Time Report
James A. Hyerczyk
The Forex Pattern, Price & Time Report

U.S. Dollar Punished as U.S. Jobs Data Puts Risk Back on Table

This morning’s better than expected U.S. Non-Farm Payrolls data has put risk back on the ... << MORE >>

U.K. Economy Cooling; Pound Downside Target Remains 1.5113

Concerns over a slowdown in U.K. manufacturing growth and mortgage market worries helped pressure the ... << MORE >>

Slow Trade Ahead of U.S. Non-Farm Payrolls Report

The U.S. Dollar is trading flat to lower at the mid-session as traders remain cautious ... << MORE >>

Euro Traders Cautious; Trichet Calls for Moderate Recovery

This morning the European Central Bank left interest rates unchanged ... << MORE >>

Euro's Strong Finish Indicates More Upside Likely

The strong rallies in the Euro and the three major risk-linked currencies finished sharply higher ... << MORE >>

U.S. Economic Data Fuels Surge in Euro, Commodity-Linked Currencies

The Dollar declined against the Euro and commodity-linked currencies after U.S. manufacturing activity showed a ... << MORE >>

Euro Changes Trend to Up; Set-up for Rally to 1.2960

The Euro surged to the upside overnight, taking out the last swing top at 1.2779 ... << MORE >>

Economic Growth Drives Aussie Dollar into Retracement Level

The Australian Dollar is up close to 1.70% this morning after the Australian Bureau of ... << MORE >>

Economic Data Creates Interesting Euro Session

Thin trading conditions and economic reports led to a “roller-coaster” type trading session in the ... << MORE >>

Euro Set Up for Volatile Move

This morning the Euro held the swing bottom at 1.2587 after Germany reported better than expected jobs data. Upside momentum ... << MORE >>

GBP USD Break Gets Serious

Today’s break in the GBP USD may be the start of the break to 1.5113 which I have been looking ... << MORE >>

Will 1.0130 Hold Dollar/Swiss?

The Dollar/Swiss may not stop at the January bottom at 1.0130. Downside momentum seems to be indicating heavy selling pressure. ... << MORE >>

Equity Rally Stalls USD JPY Break

The stock market rally seems to have put in a temporary halt to the weakness in the USD JPY. The ... << MORE >>

USD CAD Waiting to Breakout

Going back to June, three tops at 1.0678, 1.0676 and 1.0667 have held back the USD CAD. A strong decline ... << MORE >>

Aussie Waiting for Stocks to Make Move

The AUD USD confirmed Monday’s minor reversal top but the rally in the stock market triggered an intra-day short-covering bounce. ... << MORE >>

Kiwi Testing 50% Level

The NZD USD is testing a major 50% level at .6975. The old bottom at .6947 is still intact. The ... << MORE >>

Forex Markets Unclear about Today's Theme

In what is most likely a reaction to the thin trading conditions, the Forex markets seem to be indicating different ... << MORE >>

Euro Rallies on Better German Employment News

It seems we’ve hit that point in the economic cycle where traders celebrate the quality of the analyst guess. We ... << MORE >>

Dollar/Yen breaking Despite BoJ Action

The big news story today involves the Japanese Yen. Early in the trading session, the << MORE >>

British Pound Vulnerable to Downside

The GBP USD is trading lower and in the middle of nowhere on the daily chart. It’s hard to describe ... << MORE >>

Euro Feeling Pressure; Downside Target 1.2605

The EUR USD is feeling pressure after failing to rally following a test of a 50% level at 1.2754. The ... << MORE >>

Falling Stock Market Contributing to U.S. Dollar's Strength

The U.S. Dollar is trading higher against most major currencies at the mid-session. The falling stock markets are contributing to ... << MORE >>

Australian Dollar Finishes Retracement

The AUD USD opening sharply higher last night and rallied in a continuation of last week’s strong retracement rally. Sellers ... << MORE >>

Euro Losing Ground against Dollar; Risk Off the Table

With risk sentiment off the board this morning, the Euro is losing ground to the Dollar. Last week the EUR ... << MORE >>

BoJ Easing Fails to Weaken Japanese Yen

The U.S. Dollar is strengthening this morning after the Bank of Japan decided to invoke ... << MORE >>

Australian Dollar Could Test .9049 by August 31

Higher yielding currencies are trading better at the mid-session, driven up by greater demand for risky assets. This morning’s better ... << MORE >>

Risk Trade Back on After Weekly Jobs Data Fails to Disappoint

The risk trade in the Forex markets is back on today after U.S. Weekly Jobs data failed to disappoint investors. ... << MORE >>

Euro Still Holding Key Level at 1.2605

The Euro is trading in a tight range after holding a test of a major 50% level at 1.2605. Trading ... << MORE >>

GBP USD Trading Steady under Key Resistance Zone

The GBP USD is trading steady to better this morning following the release of a worse than expected U.S. Durable ... << MORE >>

Euro Spikes on Durable Goods Data; Must Hold 1.2605

News that Durable Goods rose smaller than expected helped trigger an intraday spike in the Euro. U.S. equities broke on ... << MORE >>

Forex - British Pound Regains Fibonacci Level

This morning the GBP USD continued its downtrend by breaking a minor .618 retracement level at 1.5457. Buyer stepped in ... << MORE >>

Forex - Aussie Could Test 87.17

The AUD USD is under pressure at the mid-session. Traders are dumping risky assets this morning in anticipation of a ... << MORE >>

Forex - Euro Rallies after Testing Major 50% Level

The Euro is trading higher at the mid-session after testing a major 50% level this morning. Technically the market is ... << MORE >>

USD JPY Breaks Range, Plunges to New Low

After sitting inside of a range for six days while waiting for a decision from the Japanese ... << MORE >>

Despite Low Volume, Economic Uncertainty Drives Dollar Higher

The U.S. Dollar finished higher against most currencies on Monday, driven by a weak outlook for the global economic recovery. ... << MORE >>

GBP USD Chart Looking Weak

After an early attempt to breakout to the upside, the GBP USD ran into sellers who quickly pushed this pair ... << MORE >>

Forex - AUD USD Bucks Lower Opening; Moves Higher

The AUD USD reversed losses from the opening to move higher. The Aussie opened lower after this week-ends election results ... ɨ!ကĀŸ&Ÿ&<< MORE >>

Forex and Futures Recap and Outlook for Week-Ending August 20, 2010

Here is a video of my Forex and Futures Market Recap and Outlook for the Week-Ending ... << MORE >>

Forex - Yen Consolidating; Volatility Imminent

The USD JPY is still consolidating inside of the 84.73 to 86.37 range. The market appears to be forming a ... << MORE >>

U.S. Dollar Up Across the Board; Euro getting Pounded

The U.S. Dollar is trading higher across the board under light trading conditions. Trader sentiment continues to remain locked around ... << MORE >>

Investors Shedding Risk; Pressure on Commodity-Linked Currencies

Earlier this week the Australian Dollar failed to breakout to the upside and is now threatening to freefall to a ... << MORE >>

Secondary Tops Formed in Aussie and Kiwi; More Downside Pressure Likely

The resumption of the downtrend in the equities markets triggered a sharp break in the commodity-linked currencies with the New ... << MORE >>

U.S. Dollar Rises Sharply after Disappointing Initial Claims Data

The U.S. Dollar is rising sharply at the mid-session as risk aversion is back on following a surprisingly weak U.S. ... << MORE >>

Euro Consolidating; Traders Waiting for Value

The EUR USD is trading lower overnight. Based on the daily chart, this market has been having trouble regaining the ... << MORE >>

Dollar/Yen Consolidating; Could be Ripe for Rally

The USD JPY is consolidating inside the retracement zone created by the 84.73 to 86.37 range. This zone is 85.55 ... << MORE >>

Dollar Mixed; Traders Turn to Stocks for Direction

The Dollar is trading mixed at the mid-session. The lack of any fresh economic news is encouraging investors to seek ... << MORE >>

British Pound Erases Losses against Dollar after Minutes are Released

The British Pound erased early session losses and is now expected to open better in New York following the release ... << MORE >>

Risk Trade Back On; USD JPY Set Up for Rally

The USD JPY got a boost today because of the strong rally in the U.S. equity markets. A combination of ... << MORE >>

British Pound Bucking Trend, Selling Off Against the U.S. Dollar

The U.S. Dollar is trading sharply lower at the mid-session against most majors with the exception of the British Pound ... << MORE >>

Investors Shying Away from U.S. Dollar in Wake of Economic Concerns

The U.S. Dollar is under pressure overnight as traders throw their support into the Yen, Euro, Swiss Franc and the ... << MORE >>
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