Pattern, Price & Time - Intraday Comments and Thoughts RSS Feed

USD CAD Breaks Pair of Gann Angles

James A. Hyerczyk — Tue, 03 Nov 2009 12:38:00 EST

Chart pattern suggests weaker USD CAD. Gold could be fueling the Canadian Dollar rally.

USD JPY Turns Main Trend Down

James A. Hyerczyk — Fri, 30 Oct 2009 14:09:00 EST

The USD JPY main trend on the daily chart turned down on the daily chart when the market broke through the last swing bottom at 90.08.

NZD USD Has Price Cluster at .7395 to .7398

James A. Hyerczyk — Thu, 29 Oct 2009 11:36:00 EST

NZD USD traders are setting aside the news that the Reserve Bank of New Zealand has decided to leave interest rates unchanged at 2.50% and is not likely to hike rates until after the middle of 2010.

EUR USD On Pace for Test of 1.4873

James A. Hyerczyk — Thu, 29 Oct 2009 11:12:00 EST

This morning's robust U.S. Third Quarter GDP Report is once again triggering demand for higher risk assets at the expense of the U.S. Dollar.

NZD USD Finds Support at 50% Price

James A. Hyerczyk — Thu, 29 Oct 2009 06:58:00 EST

The NZD USD is trading better after yesteday's huge sell-off. Some of the overnight rally is because of short-term oversold conditions. Others are buying on speculation the U.S. GDP Report will come out better than expected and reignite trader appetite for risky assets.

AUD USD Holds Retracement Price at .8948

James A. Hyerczyk — Thu, 29 Oct 2009 06:50:00 EST

The AUD USD is called better this morning based on the strong recovery overnight. Many traders are anticipating the U.S. Third Quarter GDP Report to show growth of 3.2% and adjusting positions after yesterday's sell-off.

USD JPY Stops Near 50% Level; Could Rally Back to 91.28

James A. Hyerczyk — Thu, 29 Oct 2009 06:44:00 EST

The USD JPY is making a slight recovery ahead of the release of this morning's U.S. Third Quarter GDP Report. Expectations are for the report to show an increase of 3.2%. This would mark the first increase in over a year.

USD CHF Backs Down After Hitting Fib Retracment Level

James A. Hyerczyk — Thu, 29 Oct 2009 06:37:00 EST

Traders are pressuring the USD CHF ahead of this morning's U.S. Third Quarter GDP Report. Expectations are for a growth rate of 3.2% as consumers and the government helped spend the economy out of the recession.

USD CAD Backs Off After New Move High

James A. Hyerczyk — Thu, 29 Oct 2009 06:29:00 EST

Overnight, the USD CAD had a higher-high than the previous session and is now trading lower as traders await the release of the U.S. Gross Domestic Product Report.

GBP USD Could Take Shot at 1.6523 to 1.6531

James A. Hyerczyk — Thu, 29 Oct 2009 06:23:00 EST

The GBP USD didn't participate in yesterday's break and is trading higher overnight ahead of today's U.S. GDP Report. Expectations are for this report to show the first growth in over a year of 3.2%.

EUR USD Set Up for Retracement to 1.4874

James A. Hyerczyk — Thu, 29 Oct 2009 06:17:00 EST

The EUR USD is edging higher ahead of the U.S. Gross Domestic Product Report.

EUR USD Holding Retracement Zone Support

James A. Hyerczyk — Wed, 28 Oct 2009 15:05:00 EST

The EUR USD has made a successful test of the low of the day and is currently holding above retracement zone support.

USD CAD Pops into Retracement Zone

James A. Hyerczyk — Mon, 26 Oct 2009 12:32:00 EST

The USD CAD is accelerating to the upside as a sharp break in the equity and commodity markets has triggered a flight to the Dollar.

EUR USD Set Up for Daily Reversal Top

James A. Hyerczyk — Mon, 26 Oct 2009 12:22:00 EST

The EUR USD erased all of this morning's gains while breaking back under the psychological $1.5000 area.

USD JPY May be Headed to 92.88

James A. Hyerczyk — Thu, 22 Oct 2009 12:23:00 EST

Sideways-to-lower equity markets should continue to provide support for USD JPY as Japanese investors pull money out of U.S. stock markets.

NZD USD Traders Worried about China's Next Move

James A. Hyerczyk — Thu, 22 Oct 2009 12:14:00 EST

Speculation Over China's Stimulus Plan Pressures AUD USD

James A. Hyerczyk — Thu, 22 Oct 2009 12:06:00 EST

Speculation that China may begin easing its economic stimulus program is putting pressure on the AUD USD today. A cutback in spending would be detrimental to the Aussie export market.

Euro Trying to Establish Support at $1.50

James A. Hyerczyk — Thu, 22 Oct 2009 11:54:00 EST

The EUR USD is still struggling with the $1.50 barrier. Like Gold did recently with the $1000 area, this market may have to trade a few time over $1.50 before establishing support.

Weak U.S. Reports Trigger U.S. Dollar Rally

James A. Hyerczyk — Tue, 20 Oct 2009 13:50:00 EST

The U.S. Dollar is mounting a strong comeback after a basket of currencies reached a new 14-month low.

Rate Hike Speculation Drives Up AUD USD and NZD USD

James A. Hyerczyk — Mon, 19 Oct 2009 15:57:00 EST

Strong demand for higher yields is helping to drive up the NZD USD and AUD USD.