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Welcome to our 42nd. edition of Currency Corner. In Today's edition we be focusing on the daily time frame of the EUR/JPY. The EUR/JPY is exhibiting characteristics of a near term top as a bearish divergent pattern may be forming from the January 26th. pivot high of 102.19 to the most recent high of 103.27. A close below 102.19 will confirm the formation with the 40 day average which resides at 99.90 as the first downside objective. A piercing, however, of 103.27 will keep the bullish posture of the market intact with 105.68 as the next upside objective. The Timing Oscillator has traveled through the 90 sell zone and momentum continues to build to the short side suggesting more downside price activity is on the horizon | DailyFX Forum visitors ...

Welcome to our 41st. edition of Currency Corner. In Today's edition we be focusing on the daily time frame of the EUR/CAD. The EUR/CAD has traveled down to support at the lower range of the Keltner Channel which value resides at 1.2994 and closed above the 40 day average at 1.3110 re-establishing the bullish posture of the pair. Moreover, the Timing Oscillator has recovered from oversold territory illuminating the February 7th. price bar blue further adding to the pairs bullish bias. A piercing of the January 27th. pivot high at 1.3244 will spark a rally into the December 9th. pivot high of 1.3710 longer term. A close, however, below 1.2994 will encourage a wave of selling down to the January 16th. pivot low of 1.2872. Momentum continues to ...

Welcome to our 40th. edition of Currency Corner. In Today's edition we be focusing on the daily time frame of the AUD/USD. The AUD/USD may be setting up for another leg up as the Timing Oscillator has traveled into oversold territory and recovered above the 10 zone illuminating the February 3rd. price bar blue. A piercing of 1.0792 will keep the bullish posture of the market intact with the next upside objective coming in at 1.0850. A close, however, below the January 26th. high of 1.0686 will encourage a wave of selling down to the January 3rd. pivot high of 1.0384. Technicals remain positive supporting further gains in the pair | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. ...

Welcome to our 39th. edition of Currency Corner. In Today's edition we be focusing on the daily time frame of the EUR/USD. The EUR/USD may be setting up for a retracement down to the 40 day average which resides at 1.2945 as bearish divergence has formed from the most recent high of 1.3232 to the January 23rd. high of 1.3050. Moreover, the Timing Oscillator has traveled through the 90 sell zone illuminating Tuesday's price bar red supporting a near term decline. A piercing, however, of the January 27th. high will keep the bullish posture of the market intact with the December 2nd. pivot high of 1.3547 as the next upside objective. Momentum continues to decline suggesting a near term pull back may be on the horizon | DailyFX Forum visitors can ...