The Forex Pattern, Price & Time Report
By: James A. Hyerczyk
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The Forex Pattern, Price & Time Report
Higher Equity Markets Should Ignite Breakout Rallies in AUD USD and NZD USD
Sellers took it easy on the Dollar on Friday following a week which saw the greenback give back much of ...<< MORE >>
Better Economic News and Earnings Weaken U.S. Dollar
What started out to be a sideways day ended with the U.S. Dollar taking another hit as investors renewed their ...<< MORE >>
U.S. Dollar Under Pressure as Investors Seek Better Returns
The GBP USD is still in a down trend because of the lower top, lower bottom formation but this did ...<< MORE >>
Better U.S. Earnings Reports Support Euro Rally
The EUR USD traded higher throughout the day driven by increased appetite for risk. Global equity markets also traded better ...<< MORE >>
Forex Investors Find Opportunity in Risky Assets
The U.S. Dollar finished mixed on Tuesday as investors for the most part looked for opportunities in more risky assets. ...<< MORE >>
USD CAD Falls on Bullish Canadian Economic Outlook
The USD CAD opened lower as expected and continued to weaken throughout the day. Risk came back into this market ...<< MORE >>
Technical Reversal in USD JPY Signals Bottom
The desire to hold on to Japanese Yen for protection diminished as demand for higher yielding assets increased. Yesterday's closing ...<< MORE >>
Rally Fuels NZD USD Change in Trend
Despite still remaining inside of its main range of .6590 to .6151, the NZD USD turned its main trend to ...<< MORE >>
Equity Rally, Resistance Levels Keep Pressure on U.S. Dollar
At this time the major Dollar pairs remain range bound, but the inability of the Dollar to break through major ...<< MORE >>
Equity Market Rally Encourages Flight from Dollar
The U.S. Dollar started the week on the bull side of the market as its uptrend was expected to remain ...<< MORE >>
Falling Equity Markets Dictate Yen and Euro Direction
Both the Japanese Yen and Euro were in the spotlight on Friday. Both are being affected by the same ...<< MORE >>
GBP USD Rallies as Bank of England Surprises Investors
After a six-day sell-off, the British Pound is finally attracting buyers. Fundamentally this market has been getting beat-up since June ...<< MORE >>
Dollar Traders Need to Focus on the Real Issues
While some traders were distracted by the G-8 meeting and the possibility the BRIC nations will propose a plan to ...<< MORE >>
Pound Traders Fear U.K. Economy Worse than Estimated
The GBP USD continued to lose ground on the thought that the Bank of England may announce that it is ...<< MORE >>
USD JPY Falls as Investors Seek Shelter from Falling Equity Markets
The weaker equity markets and thoughts of the U.S. economy starting another lower slide are helping the Japanese Yen appreciate. ...<< MORE >>
Speculators Battling Swiss National Bank
The USD CHF traded slightly better in tight trading on Wednesday. This should come as no surprise because this market ...<< MORE >>
USD CAD Running into Wall of Resistance
Lower equity prices and crude oil have been helping to support the USD CAD, but a nearby resistance level is ...<< MORE >>
Trader Appetite for Risk Diminishes
The U.S. Dollar traded substantially higher as trader appetite for risk diminished amid news that the global economy would recover ...<< MORE >>
Bank of England Rumor Turns GBP USD Trend Down
The GBP USD declined hard on Monday on rumors the Bank of England would increase its quantitative easing program to ...<< MORE >>
Retracement Level Puts Halt to USD CAD Rally
The USD CAD tried to accelerate to the upside on its breakout through the 50% price at 1.16450 but the ...<< MORE >>
USD JPY Declines on Talk of Diminished Role for U.S. Dollar
The USD JPY traded sharply lower for a couple of reasons. The first and main reason is flight-to-safety. The second ...<< MORE >>
Worse than Expected U.S. Employment Report Curtails Demand for Higher Risk Assets
The June U.S. Non Farm Payrolls Report showed that employers cut more jobs last month than estimated, curtailing demand for ...<< MORE >>
EUR USD Falls asTrichet Says Recovery to Start Middle of 2010
Not to be overlooked, the European Central Bank had its monthly meeting today. The consensus going into the meeting was ...<< MORE >>
ADP Report Pressure U.S. Dollar
The U.S. Dollar felt pressure overnight on Tuesday because of stronger Asian and European stock markets and struggled even more ...<< MORE >>
EUR USD Breakout Fails on Thin Market Conditions
The EUR USD poked its head over a main top at 1.4177 to technically turn the main trend to up. ...<< MORE >>
Bad GDP Number Continues to Put Heat on GBP USD
Traders continued to react negatively to the report showing the U.K. economy had its biggest drop since 1958. The recession ...<< MORE >>
Weak U.S. Unemployment Report Could Break USD JPY
The USD JPY continued its slow grind higher on Wednesday, but weakened into the close as traders took precautions ahead ...<< MORE >>
Forex Traders Estimate Loss of 365,000 U.S. Jobs
Traders are estimating that today's U.S. Non Farm Payroll Report will show a loss of 365,000 jobs in June. This ...<< MORE >>
Bearish News Tops GBP USD
The GBP USD surged to the upside overnight despite news that the U.K. economy shrank more than previously forecast. The ...<< MORE >>
Lack of Follow-Through to Upside Could Be Signaling EUR USD Top
Once again sellers repelled the EUR USD as it attempted to run stops over the last main swing top at ...<< MORE >>
Downward Reversal in Crude Rallies USD CAD
The main trend remained up in the USD CAD as a downward reversal in crude oil prices weakened the Canadian ...<< MORE >>
Key Reports Limit Forex Volume
Forex trading was extremely light on Monday as traders seem to already be waiting for the U.S. Non-Farm Payroll Report ...<< MORE >>
USD CAD Posts Modest Gain
Despite higher crude oil, the USD CAD was able to post a modest gain. The Main Trend is up. At ...<< MORE >>
GBP USD Traders Have to Avoid Getting Trapped
British Pound traders did not have much to go on today. Trading was thin and volume extremely light. Traders have ...<< MORE >>
Week Ends with China Calling for Super World Currency
The U.S. Dollar ended a choppy week on a weak note as China renewed talk of a super world currency ...<< MORE >>
EUR USD Nearing Area European Central Bank Will Not Tolerate
The strong close in the EUR USD has this pair in a position to change the trend back to up ...<< MORE >>
Bank of Canada Still Influencing USD CAD
Several weeks ago the Canadian Dollar was rallying out of control, but has since then corrected substantially. The main cause ...<< MORE >>
U.S. Dollar Falls as Central Bank Stimulus Plans May Be Working
The U.S. Dollar weakened on Thursday against some of the major Forex markets. Traders attributed the cause of the weakness ...<< MORE >>
NZD USD, AUD USD Making Distributive Pattern
The desire for higher yielding assets drove the Australian and New Zealand Dollars higher on Thursday. Both of these markets ...<< MORE >>
Forex Chart Pattern Indicate Stronger Dollar
The Euro is still in a lower-top, lower-bottom formation. The GBP USD is having trouble with the 1.6600 area. The ...<< MORE >>
Fed Says Contraction Slowing; Refrains from Additional Asset Purchases
The Fed ended much of the uncertainty in the Forex markets today when it announced that its key lending rate ...<< MORE >>
EUR USD Action Indicates Selling Greater Than Buying Over 1.4100
The EUR USD failed in its attempt to break out over 1.4177. This move would have turned the main trend ...<< MORE >>
Multitude of Issues Weaken Dollar Ahead of FOMC Meeting
Trader uncertainty over tomorrow"s Fed statement and concern over rising Treasury yields and the government"s ability to cover its debt ...<< MORE >>
EUR USD Betting Fed Leaves Rate Unchanged
The EUR USD traded sharply higher as traders bet the Fed would leave interest rates at current levels and announce ...<< MORE >>
GBP USD Still Strong; Support is Rock Solid
The GBP USD continued to maintain its bullish status on Tuesday. For the second time in a week, traders could ...<< MORE >>
Rebound in Commodities Helps Pressure USD CAD
A rebound in commodity prices helped the Canadian Dollar gain ground against the U.S. Dollar. Technically, the main trend is ...<< MORE >>
Weak Equity Markets Pressure USD JPY
Weakness in the equity markets contributed to the sell-off in the USD JPY. Japanese investors are selling Dollars during this ...<< MORE >>
USD CHF Trades Give Up on Short Side
The inability of the USD CHF to break through the pair of main tops at 1.0955 and 1.0986 and the ...<< MORE >>
AUD USD Traders Reluctant to Sell
The AUD USD chart pattern is a tough one to decipher. The series of lower tops and lower bottoms is ...<< MORE >>
NZD USD Dominated by Short-Covering
Today"s action in the NZD USD indicates short-covering since this pair was unable to break through any significant tops. A ...<< MORE >>
