http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Sat, 04 Feb 2012 14:00:35 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/ http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/#comments Fri, 03 Feb 2012 15:38:47 +0000 Fan Yang http://www.fxtimes.com/?p=66070 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/feed/ 0 Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we saw that against the commodity currencies like USD/CAD, AUD/USD and NZD/USD where dollar weakness was apparent...However, we have a different reaction in EUR/USD, GBP/USD, USD/CHF, and USD/JPY... http://www.fxtimes.com/technical-updates/eurusd-continues-to-range-ahead-of-the-non-farm-payroll/ http://www.fxtimes.com/technical-updates/eurusd-continues-to-range-ahead-of-the-non-farm-payroll/#comments Thu, 02 Feb 2012 19:21:09 +0000 Fan Yang http://www.fxtimes.com/?p=65981 http://www.fxtimes.com/technical-updates/eurusd-continues-to-range-ahead-of-the-non-farm-payroll/feed/ 1 The EUR/USD failed at another attempt to rally above 1.32 in the 2/1 Us session, and fell through the Asian-European session until it came to attack the 1.31 handle. This was also where the 200 hour simple moving average was, and the RSI reading was at 40. These conditions that give support to EUR/USD signal some slight bullish bias, but also reflects the indecision and hesitation... http://www.fxtimes.com/technical-updates/cadjpy-shows-respect-of-rising-trendline-watch-usdjpy-and-oil/ http://www.fxtimes.com/technical-updates/cadjpy-shows-respect-of-rising-trendline-watch-usdjpy-and-oil/#comments Thu, 02 Feb 2012 15:52:37 +0000 Fan Yang http://www.fxtimes.com/?p=65985 http://www.fxtimes.com/technical-updates/cadjpy-shows-respect-of-rising-trendline-watch-usdjpy-and-oil/feed/ 0 The Japanese Yen has found some ceiling this week after strengthening sharply at the latter part of January. The CAD/JPY fell from near 77.60 to about 74.75. Although the bullish momentum seen in the 4H chart is killed (RSI went below 40 and even kissed 30), the market still holds a bullish bias. It is respecting the rising trendline drawn from Jan.9, and is respecting the 200 4H simple moving average... http://www.fxtimes.com/technical-updates/audjpy-testing-resolve-of-broken-double-bottom/ http://www.fxtimes.com/technical-updates/audjpy-testing-resolve-of-broken-double-bottom/#comments Thu, 02 Feb 2012 13:38:41 +0000 Fan Yang http://www.fxtimes.com/?p=65963 http://www.fxtimes.com/technical-updates/audjpy-testing-resolve-of-broken-double-bottom/feed/ 0 The 1H AUD/JPY chart shows a market that had double bottomed after rallying above the 81.53 resistance pivot. The 1H RSI kissed 70, reflecting bullish momentum, but the market has since fallen from 81.87. It is now at 38.2% retracement of the latest upswing. If the market is to confirm the bullish breakout from this double bottom, the bulls will have to show resolve... http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/ http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/#comments Thu, 02 Feb 2012 13:02:02 +0000 Fan Yang http://www.fxtimes.com/?p=65946 http://www.fxtimes.com/technical-updates/eurgbp-confirming-bearish-continuation-from-wedge-breakout/feed/ 0 The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week. Price action was heavy, but the market bounced up from near a previous support pivot at 0.8280. Note that the 61.8% retracement of the wedge pattern was nearby at 0.8290. This pullback came up to test the 200 simple moving average in the 4H chart, cracked it, but then was rejected immediately... http://www.fxtimes.com/technical-updates/eurchf-breaks-above-channel-with-snb-intervention-watch-on/ http://www.fxtimes.com/technical-updates/eurchf-breaks-above-channel-with-snb-intervention-watch-on/#comments Thu, 02 Feb 2012 04:48:39 +0000 Fan Yang http://www.fxtimes.com/?p=65929 http://www.fxtimes.com/technical-updates/eurchf-breaks-above-channel-with-snb-intervention-watch-on/feed/ 0 The EUR/CHF market is on it's way to the first re-test of the 1.20 floor. This is the level the Swiss National Bank has pledged to "defend". The EUR/CHF has been persistently bearish since falling from the 2012 high near 1.2470 and since Jan. 25th has been trading in a declining channel seen in the 1H chart. A bullish divergence developed over the past couple of sessions... http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/ http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/#comments Wed, 01 Feb 2012 17:23:55 +0000 Fan Yang http://www.fxtimes.com/?p=65900 http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/feed/ 0 76.00 is a psychological support for USD/JPY, while the 75.55 level is the record low. The market has been bearish since being rejected sharply at 78.25 as can be seen in the 4H chart. After breaking below a range support at 76.55, the market continued sharply lower until it got near 76.00. The USD/JPY here is oversold according to the RSI in the 4H chart and price action has started to decelerate... http://www.fxtimes.com/technical-updates/eurusd-testing-projected-consolidation-channel-resistance/ http://www.fxtimes.com/technical-updates/eurusd-testing-projected-consolidation-channel-resistance/#comments Wed, 01 Feb 2012 15:43:52 +0000 Fan Yang http://www.fxtimes.com/?p=65880 http://www.fxtimes.com/technical-updates/eurusd-testing-projected-consolidation-channel-resistance/feed/ 0 The EUR/USD has flattened out in the short-term though the medium term bias is still bullish. In the 1H chart, we see that the market has started to make lower lows, and has made a lower high. Projected a trendline from the highs and lows, we have a slightly declining consolidation channel. As the market nears 1.32 during the 2/1 US session, it is testing this channel resistance... http://www.fxtimes.com/technical-updates/gbpusd-surges-on-after-abc-correction/ http://www.fxtimes.com/technical-updates/gbpusd-surges-on-after-abc-correction/#comments Wed, 01 Feb 2012 12:51:24 +0000 Fan Yang http://www.fxtimes.com/?p=65856 http://www.fxtimes.com/technical-updates/gbpusd-surges-on-after-abc-correction/feed/ 0 The GBP/USD fell in the 1/31 US session and then in the Asian session in an ABC manner. However the 1H chart shows that the decline was held above the 100 hour simple moving average as well as respect the rising trendline. RSI held above 40 reflecting maintenance of bullish momentum especially when it was brought back above 60... http://www.fxtimes.com/technical-updates/eurusd-breaks-below-rising-channel-testing-1-3050-pivot/ http://www.fxtimes.com/technical-updates/eurusd-breaks-below-rising-channel-testing-1-3050-pivot/#comments Tue, 31 Jan 2012 17:44:18 +0000 Fan Yang http://www.fxtimes.com/?p=65819 http://www.fxtimes.com/technical-updates/eurusd-breaks-below-rising-channel-testing-1-3050-pivot/feed/ 0 The EUR/USD bounced off the 1.3077 support but failed to reach new highs yesterday, and instead slid during the 1/31 European - US session. The decline was sharp, and it broke the 1.3077 pivot as well as the rising channel, now testing the 1.3050 pivot. Note this was resistance for the Jan 23-25 consolidation, and also the 200 hour simple moving average...