April 16th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell after first trying to rally for the week. The result was a shooting star, and as a result we look like we are getting ready to try and break below the all-important 1.30 level.

The GBP/USD pair did much the same thing, but is currently stuck in between two levels, not just sitting on one like the Euro. This pair could be ready to make a move.

The USD/JPY pair fell again this past week, but it is working its way down to the 80 handle - a confluence of several supportive things in one spot. This could be getting ready to set up one of the better trades that we have seen lately.

USD/CAD still sits in a tight range. Oil markets are going to have to decide what they want to do before we get a clear move.

Published on 13th of April 2012
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