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Struggling with your exits? Here’s what to focus on by Sam Eder

Exits are something that a lot of people struggle with. The good thing is that improving your exits is one of the best ways to improve your trading system. Here are a few points to consider: Objectives. You need to be very clear in what you are trying to achieve. What size moves are you […]


EUR/NZD update by Mary McNamara

I wrote a post about the EUR/NZD last week before it broke up and out above a daily chart bear trend line. The rally has continued here and, with the bearish bias from today’s RBNZ and recent EUR strength, this recovery may have more room to move. EUR/NZD monthly: The bigger picture here is the bullish […]


RBNZ: Easing bias and NZD comments send the flightless bird tumbling

The RBNZ kept the OCR unchanged at 3.5% but a perceived easing bias and comments regarding the ‘unjustifiable’ level of the NZD have sent the NZD tumbling across the board. The low so far in NZD/USD has been around .7615, with next support levels at .7540. AUD/NZD resistance next at 1.0530. The post RBNZ: Easing […]


US$ weakness bring some key FX levels into focus by Mary McNamara

The US$ added to losses early in the US session following weaker than expected US GDP. The subsequent release of the Fed FOMC April statement, whilst a bit more dovish, did not exclude a June rate hike and this enabled the US$ to put in a small recovery effort. The US$ has broken through key 95.50 support […]


BNP Paribas’ Model recommends selling EURGBP

BNP Paribas STEER Trade Recommendation: Sell EURGBP at 0.7148 with 0.7224 stop and 0.70 target The post BNP Paribas’ Model recommends selling EURGBP appeared first on www.forextell.com.


Sharp moves in FX ahead of FOMC meeting by Milan Cutkovic

Liquidity not the best at the moment, as USD position covering continues EUR/USD reached a high of 1.1160, just to fall back to 1.1110 a few minutes later Cable is also extending gains; 1.5550 is the significant tech resistance level The rally in GBP/USD looks strongly overextended, but difficult to sell into this, especially given […]


Goldman Sachs – Gold Flows

Similarly to Monday, yesterday’s afternoon auction showed a strong buying imbalance.  On what was otherwise a relatively quiet, low volume day, the market quickly shot up 12 USD/oz with 1.5m oz worth of futures going through during the time of the fix.  Overnight, the market has drifted lower again with Japan out on holiday and no signs […]


AUDUSD: Aud rallies strongly ahead of FOMC by FX Charts Daily

AUD/USD: 0.8017 The Aud has been busy cleaning out the shorts today, including me, who has been horribly wrong, not having seen a move of this magnitude at all.The sharp rise in the Iron Ore price and the diminishing expectations of an RBA May rate cut has helped the push higher, but it does seem overwhelmingly […]



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