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Citi TOTW Trade Idea: Buy CADNOK at 6.2680, target 6.40, stop loss 6.20

From the FXWW Chatroom – The pullback in CAD following last week’s softer than expected retail sales and consumer price readings represents a buying opportunity: The pullback overstates the extent to which the data is likely to alter the BoC’s course at its policy meeting this week. The broader trajectory in Canadian data remains robust, […]

Risk Of Swings For FX Pairs: By Ian Copsey

The follow-through … didn’t. Basically, this implies that the structure is being elongated within a lower degree development that causes deeper pullbacks before follow-through can develop. In effect, it’s a deep Wave b/iii outlook but in this case, I suspect we shall see a pullback and a second rally to form the Wave b/iii in […]

Stocks Get Boost From China Rally; Dollar Weakens: Markets Wrap: Bloomberg

Shanghai shares surge more than 4% as officials pledge support Italian bonds rise after Moody’s removes threat of downgrade European stocks and U.S. futures advanced on Monday, tracking gains in Asia after Chinese equities surged as top officials moved to shore up the economy. The dollar and Treasuries dipped, while Italian bonds rallied. The Stoxx […]

Natixis: Our FX reco for today: FXWW

From the FXWW Chatroom – EURUSD: SELL 1.1530/50, TP 1.1480, stop 20 pips (level 1.1527) – GBPUSD: SELL 1.3080/00, TP 1.3010, stop 25 pips (level 1.3077) – AUDUSD: SELL 0.7120/40, TP 0.7070, stop 20 pips (level 0.7116) – USDCAD: BUY 1.3050/70, TP 1.3120, stop 20 pips (level 1.3089) – USDJPY: BUY 112.40/60, TP 112.95, stop […]

How Professional Traders Use Moving Averages: By Justin Paolini

Moving averages are a classic technical tool that never seem to go out of fashion. Like all technical tools, they need to be understood and traders need to appreciate when they are useful and when they lose effectiveness. Another crucial discussion could be the length of the moving average, and how the trader’s objectives will […]


I have just completed a very frustrating week of trading. After an exceptional start to this month, with over 1,000 pips in week one, In week two, I gave 50% back from poorly executed CAD related trades and, this past week, I have been building positions with my longer-term trades and getting caught in the […]

Forex Trading Opportunities for the Week Ahead 22 October 18: FXRenew

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will bestalking this week. Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a […]

22 Oct: Trend table outlook for FX, Commodities, Indices: FXCharts

It looks as though we could see some strength in the Euro on Monday, as least according to the short term momentum indicators, against both the US$ and also on the crosses, although further lout the picture looks a little cloudy and overall I suspect we are still locked in the broad 1.1400/1.1700 range of […]

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