Technical Analysis

The Dollar made a huge surge today as it gained against all 4 majors. This time, the technicals are showing strong signs that this trend may continue throughout this week.

The Cable rose 100 pips today as the UK saw its highest retail sales annual growth in 3 years. More bad news for the Dollar, but this be enough to continue pushing the Dollar lower?

Well the markets continued to be confused today as the majors pretty much stayed rangebound. The Swissy looks ready to breakout, and the Yen is looking strong. See what could be in store for your favorite pair in today’s Pippin Ain’t Easy Daily Chronicle.

It seems as though traders may be confused as the past several days have shown a lot of choppiness and no clear directional biases.

Although the Euro has been kicking the Dollar’s butt, the Greenback has been making some nice gains against the Sterling and Yen today.

Well after yesterday’s release of the FOMC minutes, traders felt uneasy about the Dollar and pushed it lower across the board.

After making a nice rally, the Dollar was halted today as trading volume went back to normal following yesterday’s Columbus Day holiday

The Dollar continued to rise across the board today and looks poised to continue running up over the next couple of days.

Well the Dollar continued its run today as both the Euro and Sterling dropped today. We could either see a complete reversal or an acceleration to this movement after tomorrow’s interest rate statements.

Ok, so it wasn’t a huge Dollar day but it was a nice start considering the beating its been taking the past few weeks!

After breaching 1.4300 on Friday, the Euro finally cooled off against the Dollar as the pair drifted down to 1.4250. Will this continue throughout the rest of the week?

Yes the Euro did rally again, but it once again failed to reach 1.4200. Technical indications also indicate that the pair is on the verge of collapsing.

Open up any economic reading and it won’t take long for you to realize that the US data is not looking so hot right now. But even so, can the Dollar still go lower?

With Crude prices dropping again, the Dollar may be ready to rise since there is an inverse relation between the two. Maybe that will finally stop the Euro from rising?!

A bunch of technical factors are making the Euro look like it’s ready to collapse very soon. Combine this with more profit taking and we could see a very quick drop.

The Euro once again brought itself up to new highs and continues to bury the Dollar in its tracks. How long can the Euro sustain this momentum?

The Cable did a 180 today as it completely reversed the gains it made yesterday after the interest rate statement. Will the Dollar continue to fold or are currency levels just to extreme for them to sustain any momentum?

The Cable has been on a downslide recently and continued to drop today, giving the Dollar a 400 pip gain on the Sterling in the last 4 days.

The Dollar was able to hold its ground today but how long will it last? Will there be some profit taking soon?

For the 7th straight trading session, the Euro made nice gains against the Dollar and is now at levels it hasn’t reached since 1995!