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MOST RECENT ARTICLES
It’s looking like the weekly E/U candle might have been on the money! Last week’s candle was a bullish-reversal style ‘Inverted Hammer’ and the action so far this week has been bullish. This gain is even more significant given the sell off seen across most stock markets. There is still a possible daily chart ‘Bear […]
USDJPY Monthly The 1:1 (Yellow) that I mentioned a few weeks back continues to attracted solid selling interest from the bears with the market now 250 odd pips below this level. USDJPY H4 If this market is to see some further profit taking at these levels as the 38.2 fib attracts some new buying interest, […]
I noted over the w/e how the weekly candle of Gold had closed withÂ a bullish reversal ‘Railway Track’ pattern and this pattern, formed at key $1,180 support, suggested continuation. Gold weekly: showing the bullish reversal ‘Railway Track’ pattern: Railway Track patterns: Gold 4hr: the 4hr chart shows that Gold has continued with this bounce up […]
The USD index weakened on Monday and this follows on from w/e commentary that the Fed might not be in such a hurry to raise interest rates. I noted yesterday that I am seeing a potential bearish H&S pattern setting up on the 4hr chart. This follows on from a bearish weekly candle and I’m […]
INDICES/COMMODITIES S&P Futures 1865 The S&P has seen a steep selloff in very thin late US holiday conditions and has very nearly made it to our 1860 target. We may get a bit of a bounce when the US returnsÂ today onÂ some profit taking at levels not seen for a long while, but the overall trend […]
Our positioning analysis shows that long USD remains a popular trade. AUD short positioning has increased significantly while the NZD remains vulnerable to a short squeeze. Investors have turned neutral on the CAD, suggesting the lack of a strong view or consensus among market participants. JPY short positioning continues to unwind although positioning remains moderately […]
Long GBPAUD Our weekly trades will provide short term guidance on where we see 1-2 week opportunities in G10 FX markets. Unless we explicitly extend them, they will close out automatically at COB the second Friday after they are introduced. Trade Idea: Buy GBPAUD at 1.8522, targeting 1.88 with a stop at 1.82. Our view: […]
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