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Your Source for Daily FOREX Market News and Analysis (Daily FX)

AUDUSD positioning hints of a forthcoming bearish reversal with prices showing a Harami candlestick pattern below resistance at the upper boundary of a Rising Wedge chart formation. We will wait for confirmation on a bearish close for the current candle and begin look for selling opportunities.
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Your Source for Daily FOREX Market News and Analysis (Daily FX)

More evidence of reversals in the Yen crosses has surfaced and opportunities remain. Focus is now on EURJPY 12140, CADJPY 8690 an AUDJPY 8125. It looks as though the EURUSD has completed wave D of a triangle that has been underway since December 2008 (last day of that month).
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Your Source for Daily FOREX Market News and Analysis (Daily FX)

Overview Consumer prices in Canada unexpectedly advanced in February amid higher costs for automobile insurance. Annualized prices leapt 1.6% after climbing 1.9% in January, with economists expecting a rise of 1.4%, Statistics Canada showed today.
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Forex Strategy Outlook: US Dollar Likely to Range Trade on Low Volatility Expectations (Daily FX via Yahoo! Finance)

Forex options markets volatility expectations have trended consistently lower through recent price action, suggesting currencies may remain in tight trading ranges in the week ahead.
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Forex daily technical analysis - March 17 (MENAFN)

Forex daily technical analysis - March 17
More about Forex daily technical analysis - March 17 (MENAFN)

Forex: EUR/USD: Below 1.3720/30 the Euro could accelerate downtrend - V. Bednarik (The Forex Market)

The pair is losing upside momentum, and needs to break below 1.3720/30 to accelerate downtrend , says bednarik: "Turning bearish in the hourly chart: indicators point for further loses ahead of US opening, while price action is taking place under 20 SMA; pair needs to accelerate trough 1.3720/30 support area to confirm further intraday falls."
More about Forex: EUR/USD: Below 1.3720/30 the Euro could accelerate downtrend - V. Bednarik (The Forex Market)

Currency Crosses: Technical Outlook 03-19 (Daily FX via Yahoo! Finance)

More evidence of reversals in the Yen crosses has surfaced and opportunities remain. Focus is now on EURJPY 12140, CADJPY 8690 an AUDJPY 8125.
More about Currency Crosses: Technical Outlook 03-19 (Daily FX via Yahoo! Finance)

Your Source for Daily FOREX Market News and Analysis (Daily FX)

Overview Jobless claims in the U.K. unexpectedly tumbled at the fastest pace since 1997 in February, indicating that the economic recovery in the region may be strengthening following the Bank of England’s recent decision not to pump more money into the economy as policy makers take a wait and see approach.
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Your Source for Daily FOREX Market News and Analysis (Daily FX)

OVERVIEW – We often look to the Scandi currencies as leading indicators for broad based price action in the currency markets.
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Forex: GBP/USD rebound at 1.4975 extends above 1.5100 (The Forex Market)

FXstreet.com (Barcelona) - The Pound has shook off weakness seen on early European session and, after having dipped to 1.4975 session low, the pair has bounced sharply, to break abocve 1.5100 and hit session high at 1.5155.
More about Forex: GBP/USD rebound at 1.4975 extends above 1.5100 (The Forex Market)


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