Short-Term Corrections or Long-Term Trend Reversals? (Video Analysis of 9 Pairs)

by S. Wade Hansen

We're heading into an interesting week this week---full of interest rate announcements and other key announcements. Are we actually going to see any changes to the long-term trends we are in?

The Bank of England (BOE) and the European Central Bank (ECB) both have a chance to show how they are going to react to the new playing field the Fed has set up for the financial markets. Most are anticipating the BOE will cut rates while the ECB will leave rates unchanged.

To see how the major currency pairs performed on Friday and what to expect tomorrow, watch these videos:

- Technical Analysis Video for the EUR/USD
http://www.pfxglobal.com/index.php?o...k=view&id=1360

- Technical Analysis Video for the GBP/USD
http://www.pfxglobal.com/index.php?o...k=view&id=1361

- Technical Analysis Video for the USD/CHF
http://www.pfxglobal.com/index.php?o...k=view&id=1362

- Technical Analysis Video for the USD/JPY
http://www.pfxglobal.com/index.php?o...k=view&id=1363

- Technical Analysis Video for the USD/CAD
http://www.pfxglobal.com/index.php?o...k=view&id=1364

- Technical Analysis Video for the AUD/USD
http://www.pfxglobal.com/index.php?o...k=view&id=1365

- Technical Analysis Video for the NZD/USD
http://www.pfxglobal.com/index.php?o...k=view&id=1366

- Technical Analysis Video for the GBP/JPY
http://www.pfxglobal.com/index.php?o...k=view&id=1367

- Technical Analysis Video for the EUR/JPY
http://www.pfxglobal.com/index.php?o...k=view&id=1368
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GJ Update

Now already make rectracement. I look continue make new high..

GJ Update...

I'm Still look at H4 chart at fibo 50.. My target is 203.01 but the critical line is 201.01 must be break 1st.. Today already break yesterday high (archive my 1st target).. My 2nd target 200.90 & 3rd target 203.01 ... My chart look good signal to go 203.01..

GJ update

Posible today movement.. I look good signal to break yesterday high.. I still need MACD H1 cross to confirmation

GJ Updated

Posible movement for GJ today... I will expect GJ retrace to fibo 50.. My 1st target 198.88 2nd 197.55.. Today pivot 199.04

Low liquidity is expected for all Forex sessions

Banks around the world will be closed in observance of Easter Monday. US and Japanese banks will remain open. Low liquidity is expected for all Forex sessions.

Look out for holiday volatility

From my point of view there are a number of opportunities that are beginning to appear but with so much volatility, I am holding back a little. The real issue I am worried about is the Easter break. Several Western markets will be closed on Good Friday and a lot of traders are out for the Monday after Easter weekend. Considering the volatility this week, that may make for some very weird price action in the next day or two as traders prepare to be out that will make it tough to take longer positions.

However, in preparation of some trading opportunities I am looking for a potential break to the downside on the AUD/USD below the 23.6% retracement level that could take prices all the way to the lows of December and January. I will show a similar setup potentially appearing on the GBP/USD. finally, we are getting some contrary movement between longer term bond yields and the USD/CHF. That may be creating a nice environment for additional downside moves on the USD/CHF. I would wait for a bounce down from resistance at 1.0200 before getting to serious about that one but it could be another short term opportunity.