“Overall, I feel the US Dollar is bottoming,” says Rick Alexander. Read the balance of his commentary for more on the currency market.

All of the currencies continue to be in long-term uptrends overall but there is some potential toppy action going on in some of the currencies. Here’s Rick Alexander’s commentary on how to prepare yourself for today’s market action.

Yen forming a bull pennant; toppy action in the pound. Read more of Rick Alexander’s commentary for today’s market outlook.

Swiss franc forming a bull pennant, while yen makes new contract high.

The yen closed two ticks higher but was still unable to muster any kind of a rally since Japan’s bank intervention last week. Find out Rick Alexander’s plan of attack to take advantage of a possible rally back in the yen.