Starting yesterday’s Alert, we’ve led in with the seesaw price action in the euro. Today is no exception as the pair is bidding its time. This doesn’t make us complacent but rather reexamine the outlook in light of the most recent developments. There’re many relevant points to express: not only about the euro, but also about the Japanese yen and Canadian dollar. Let’s dive in.

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It might look to some as a seesaw action. One day, the euro is up, only to see it retracing most of its gains just like earlier today. Instead of concentrating on the daily fluctuations, the key question to ask is: does it change the outlook? Are we getting new information from the charts, or not really? Let’s get you updated on the developments throughout the currencies realm right now.

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After a few days of relative calm in EUR/USD, the bulls are making a move today. How high can their staying power take them? What do the charts say? Is it brighter days ahead, as risk aversion is waning today? We are not surprised either by the strengthening USD/JPY. Let’s take a look at what all these mean for us going forward.

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Tuesday looks to be marching in lockstep with Monday’s action in the foreign exchange universe. That means not much happening at first sight. As they say, time to go long, time to go short, and time to go fishing? Not so fast! Even a relative breather provides a welcome opportunity to reexamine the case for a trade (or against it) and adjust the parameters accordingly. Been there, done that. Here we go.

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A new week, a new month, and even a new quarter. What a good opportunity to present you with a long-term check on the most appealing currency pairs. Not that we haven’t had been doing so pretty regularly behind the scenes already but now we have a good excuse to share with you. Especially that it’s actionable and makes us act on a new promising opportunity. Yes, today’s promising opportunity.

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