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USD/JPY: Stay short whilst market is below 122.50

The technical break below 122.00 gives this pair an even more bearish outlook and I suspect that the bull trend is putting in an interim top. I cannot envisage the USD putting in fresh highs in the current environment, and after a stellar couple of years, the bulls might need to take a well earned […]


EUR/GBP trade update

The EUR/GBP long trade from last week is working out nicely. Short term support should develop around .7220 and I will use any impulsive spikes higher to book interim profits on. Medium term target at .7475 still looking realistic. The post EUR/GBP trade update appeared first on www.forextell.com.


Barclays trade for the week ahead: Buy USD/CNH call spread

With the PBoC showing an inclination to slow the pace of depreciation in CNY and our forecast of USDCNY rising to 6.80 by year-end, we reiterate our recommendation on buying a four-month USDCNH 1×1 call spread, with strikes at 6.5385 (at-the-money) and 6.80 for the long (lower strike) USD call and short (upper strike) USD […]


Stock Index Weekly Market Type Analysis 23 August 2015

Each week I review the current market type and fundamental considerations on a variety of stock and commodity indices. Market type analysis is critical to trade planning.   MT = Market Type ( See lesson 8 in the Share Investing Course for Smart People) US Dow Jones – MT is bear fast. Continue short, keep stops […]


Forex Trading Opportunities for the Week Ahead 23 August 2015

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will be stalking 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 […]


US$ weakness…. it isn’t alone!

I noted in my last update how things seemed to be warming up and that the FX indices were aligned for LONG EUR and SHORT US$; a period that often produces decent trending markets. How true this has turned out to be! The big moves over the last couple of trading sessions have resulted in the […]


What if NFP is soft? Hike – FXWW Chatroom

Expect September lift-off even if August payrolls come in soft, says Citi Economics. We anticipate just 190k for NFP. This is based on regular seasonal patterns – August and September tend to be the weakest months. We anticipate a sizable increase of 0.3 percent in August, holding the year-to-year rate at 2.1 percent. We look […]


EURUSD: Flows and thoughts after the 200d MA – FXWW Chatroom

EURUSD has taken out the 200d MA for the first time since June 2014. Our spot trader notes that the next resistance area is 1.1382; this marks a trendline off the May and June highs on the dallies. This move has had a decent impact on the rest of FX. USDJPY testing 122.15 and USDCAD< the […]



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