March 26th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

EUR/USD formed a hammer, and looks like the pair is ready to continue higher.....however, the 1.35 level will more than likely continue to press the pair back down and the continuing issues in Europe should take over again.

The EUR/GBP pair continued to bounce around in between the 0.83 and 0.84 levels. The pair is stuck, and as long as this is the case, we cannot find a longer term trade.

The USD/CAD pair continues to struggle at the parity level, and looks heavy at this point. This is especially true with the shooting star that formed on Friday.

The USD/JPY pair fell during the past week, but bounce from the 50% Fibonacci level suggests that we are ready to continue to assault the 85 level.

Published on 23rd of March 2012
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