Forex Technical Update 10/04/2010 – US Dollar Crosses Starts Week Quietly Ahead of Event Risks

January 27, 2012 by  
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Forex Technical Update 10/04/2010 The EUR/USD is sliding to start the week, ahead of ECB’s policy decision on Thursday. The GBP/USD is in consolidation ahead of BoE’s meeting on Thursday, but is showing a bullish bias today. The decline in USD/JPY is stalling above 83.00, with the BoJ looking to conclude its meeting in the upcoming Asian session. The USD/CAD broke below last week’s range support, and is heading to more significant support levels. The AUD/USD pair may be forming a double top in the short-term ahead of the RBA’s policy statement in the upcoming Asian session. The event risks are complicated by Friday’s NFP, so there may be a choppy week ahead. Let’s take a look at these charts. Fan Yang CMT www.fxtimes.com

Forex Technical Update 6/18/2010 – Yen Pauses Slide

October 12, 2010 by  
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Forex Technical Update 6/18/2010 – Yen Pauses Slide Fan Yang CTA www.fxtimes.com The bout of risk appetite that returned 2 weeks ago is being tested. There is a similar dynamic in the EUR/JPY, GBP/JPY CAD/JPY and AUD/JPY, although the commodity currencies fared better this week. The USD/JPY is still in a long-intermediate term range but is short-term bearish. Let’s take a look at these yen-crosses.

Forex Technical Update 8/3/2010 – Is US Dollar Recovery Imminent?

September 20, 2010 by  
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Forex Technical Update 8/3/2010 Fan Yang, CTA FXTimes The USD is plagued with further weakness across the board. I am monitoring many dollar crosses in order to make sure there is confirmation when the USD does rally. This is like looking at the internal structure of the dollar index. I believe the main crosses to be monitoring are the USD/JPY, USD/CHF, possibly gold, but we also want to see the Euro and Aussie for example cool off against the greenback before considering a comeback.

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