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MOST RECENT ARTICLES
In my time trying to understand the thinking of the retail trader, I have come to realize that the majority of them rely on technical analysis to base their trades off of. On the other hand, when I study successful traders they might use technical analysis, but also have a general bias in regard to […]
AUDUSD H4 The Aussie is seeing some short covering after the bears could not take out the 2014 lows at 0.86600, the market has now taken out an important 1:1 (Yellow). The next level to watch closely is the 1:1 (Purple) and 23.6 fib that coincide at 0.88370 if this level can not contain this […]
POSITIONING => We reduced our long USD positions across the board vs EUR, AUD and NZD. We maintain our small short EURGBP. Short EURUSD => We will be reactive to Draghi’s comments to adapt our positioning but we would not add on rally ahead of the event. First key level on the downside : YTD […]
AUD/NZD has posted a short-term double bottom at 1.1120 AUD & NZD both oversold against USD, positioning is stretched; suggests AUD/NZD may consolidate in the near-term Trendline resistance eyed towards 1.1230, first bull target is 1.1277 (Monday’s high) and then 1.13 Failure to sustain upside momentum and break below 1.11 would confirm the double top […]
Danske Bank Trader Views:MajorsEUR/USD: SHORT 1.2940 PROFIT STOPPED 1.2666, LOOK TO SELL 1.2700/15USD/JPY: POSS SELL FOR 108.25/02GBP/USD: SHORT AT 1.6193 FOR 1.6003; STOP AT 1.6288USD/CHF: LONG AT .9355 FOR .9625, STOP REVISED AT .9480AUD/USD: SELL BOUNCE TOWARD .8835-.8900USD/CAD: LONG AT 1.1086 FOR 1.1279; REVISED STOP AT 1.1130CrossesEUR/JPY: SELL 138.35 NOT FILLED, POSS SELLEUR/GBP: SHORT AT .7850 […]
US Stocks have made a bad start to the month and, in doing so, have triggered a few warning signalsÂ that can’t be ignored. There seems to beÂ some ‘Flight to Safety’ movement out of stocks and into bonds as well. As always, ‘One Swallow Does not a Summer Make’ so, look for weekly confirmation signals. S&P500 […]
Dealers are seeing some USD demand in the early EU session Leveraged names have picked up some USD/JPY pre-108.50 and EUR/USD ran into good selling interest around 1.2660 US 10 year yield stands at 2.40, up slightly from the overnight low of 2.385 Looking ahead, we have some data in form of the UK Construction […]
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