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WTI tactical trade idea

[FXWW777 is a professional trader based in New York city] Commodity:  Oil Pattern: Inverse Head and Shoulders (Bullish) Entry (Long): Buy stop above 33.73 Exit: 30.65 Target: 40.00   Technical Reasoning: Intermediate downtrend from the November highs around 50 have been broken with the breach and hold above 30. Primary downtrend remains intact as long […]


What are the Yen pairs telling us?

This post was prompted by an article I read this morning suggesting the USD/JPY is flashing a warning signal for stocks. Whilst I understand that the retreat with Yen pairs is causing wide-spread concern about the health of global markets I’m wondering, rather humbly I might add, if this current Yen movement is just a natural pullback after a rather lengthy […]


US$: marking time. So too Oil?

The US$ is still trapped under some localised resistance but it was the slump with Oil that primarily dragged overall sentiment down overnight. Oil and the S&P500 are highly correlated at the moment but… for how long? The price action on both suggest they are ‘consolidating’ and I continue watching for any breakout move. This fluctuating sentiment is […]


AUD/USD: Looking for range trading .69/.74 before break higher

I’m still very firmly in the base-picking camp when it comes to the AUD. The speculative market is overly short at the wrong levels for the wrong reasons, in my biased opinion. Nevertheless, I do not expect to see the AUD/USD spike dramatically higher in the short-term. Cable remains under significant pressure and I expect […]


US$: at a short-term juncture

The US$ has made early gains this week on the back of a recovery with the Oil price, EUR$ weakness following poor EUR PMI data and GBP$ weakness due to growing Brexit fear. It has retraced to a key S/R zone and the success or otherwise at traversing this resistance might help determine the next move for […]


Weekly Game Plan – 22.2.16

Themes for the week and potential opportunities –  David Cameron tries to reach an agreement: the referendum date has been set for June but the deal negotiated is not satisfactory and at least 6 of his own cabinet ministers will vote for a Brexit. Boris Johnson did the rest of the damage to Gbp yesterday […]


Brexit: Date is set but uncertainty prevails- more downside likely

The liklihood of the UK remaining in the EU has been cut from 75% to 65% by Bookmakers after the events of the last few days. The referendum date has been set for June but the deal agreed by PM Cameron on Friday night has been less-than-rapturously received and at least 6 of his own […]


Sterling hit by ‘Brexit’ worries after London Mayor joins ‘out’ camp

Sterling tumbled on Monday, hitting a two-year low against the yen, as concern grew that Britain would quit the European Union after influential London Mayor Boris Johnson threw his weight behind the exit campaign. The pound fell almost 1 percent against the dollar, euro and yen, nearly reversing gains made on Friday after EU leaders […]



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