Sunday, January 27, 2013

Week of 1/28/2013


AUD:



CAD:


CHF:



GBP:


JPY:


EUR: The single currency enjoyed a solid week of gains, extending towards last year's high for a number of cross rates.  While these key swing highs for the EUR/USD, EUR/CAD, EUR,/AUD and EUR/GBP represented a mere pause in the bear campaign, they do coincide with key retracement levels of the 2011/2012 move down.  This could spur consolidation before thrusting higher. That said, short-term bullish momentum remains robust with no signs of a struggle, suggesting a high probability of continued strength.

USD:



TRADE IDEAS:

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