Showing posts with label xau/usd. Show all posts
Showing posts with label xau/usd. Show all posts
Wednesday, October 6, 2010
Forex Technical Update 9/30/2010 - Greenback is Fighting Back as Gold's Record Run Stalls
Forex Technical Update 9/30/2010
The correlation of general USD weakness is very strong with the rally in Gold. As gold shows topping action, the EUR/USD and AUD/USD appear to be topping as well, and the USD/JPY appears to be bottoming. The GBP/USD reacted very strongly and is testing its channel support. Finally, we also see the Japanese yen firm up a bit, as the GBP/JPY continues to slide, and the EUR/JPY appears to be topping. Let's look at the charts to assess the significance of today's moves.
Fan Yang CMT
www.fxtimes.com
Friday, October 1, 2010
Forex Technical Update 9/28/2010 - USD/JPY's Slide Brings Intervention Speculation
Forex Technical Update 9/28/2010
USD/JPY is sliding towards the levels right before the intervention a couple of weeks ago. There should be some support ahead. The Euro continues higher against the Yen, Pound, and US Dollar. Gold rallies after a quick retracement. Finally AUD/USD extends towards swing target, and USD/CAD remains in sideways range.
Fan Yang CMT
www.fxtimes.com
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