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Australian Dollar Rally May Accelerate SharplyTuesday, July 19, 2011 @ 10:03AMDailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

Euro Near Term Target at 14459 but Major Low Possibly In PlaceTuesday, July 19, 2011 @ 10:03AMThe larger trend may have reversed from up to down (or just up to sideways) but multiple wave possibilities leave me with little confidence in the larger trend. For this reason, continue to focus on short term levels.

Swiss Franc Breaks Through 8200 – 8150 and 8275 Levels of InterestTuesday, July 19, 2011 @ 9:59AM60 Minute Bars Prepared by Jamie Saettele, CMT I wrote Friday that the USDCHF is closing in on its 2011 trendline. The trendline is at 8015 today. A look at short term wave structure suggests that new lows are around the corner. However, expect the drop to complete 5 waves down from the 8520 high and give way to a major reversal. The rally to 8520 completed a triangle and triangles precede the ...

US Dollar Rally is Corrective – Focus is on Recent LowsTuesday, July 19, 2011 @ 9:59AM60 Minute Bars Prepared by Jamie Saettele, CMT At this point, it seems clear that the break higher in the USD was of the false variety. The subsequent decline is impulsive and recovery corrective. As such, look lower towards the recent low of 7413 and 100% extension at 7372. Trend Strength (M,W,D) (1), 0, 1 Latest Video Weekly Forecast COT Jamie Saettele publishes Daily Technicals every weekday ...

Crude Short Term Trendline Support Holds – Look HigherTuesday, July 19, 2011 @ 9:59AMDaily Bars Prepared by Jamie Saettele, CMT The various degrees of trend in crude are at odds with another thus a larger sideways pattern is probably underway. The rally from the 2009 low is in 3 waves (which is corrective) and the 2 bull legs of the move are roughly equal. The decline however from this years high is also corrective. Price has bounced from short term trendline support. Trend ...