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For the GBP/CAD watchers out there! by Mary McNamara

I was just asked via Twitter whether I thought a Cup ‘n’ Handle might be setting up on the monthly GBP/CAD so I thought I’d share this analysis here. The monthly chart does seem to be setting up with a Cup ‘n’ Handle of sorts but it is a bit wonky. This makes it hard […]

Session Data for Tue Sept 16 (GMT-5:00 ET)

Some updates from the FXWW Chatroom

Danske Bank:MajorsEUR/USD: SHORT AT 1.2940 FOR 1.2788; STOP AT 1.3011USD/JPY: LONG AT 106.85 FOR REVISED 108.45; REVISED STOP AT 106.60GBP/USD: REVISE SELL AT 1.6260 FOR INITIAL 1.6052; STOP AT 1.6345USD/CHF: BUY AT .9290 FOR .9437; STOP AT .9237AUD/USD: LOOK TO SELLUSD/CAD: BUY AT 1.1010 FOR 1.1188; STOP AT 1.0929CrossesEUR/JPY: BUY AT 138.55 FOR 140.09; STOP […]

Morgan Stanley Trade Idea of the Week: Buy USD/CAD

In a week filled with large risk events, we believe that USDCAD could see some support. Should the Fed deliver a less dovish tone, then this would pressure high-beta currencies, including CAD. US economic strength is having less of an impact on Canada than it did in the past, so we see this having only […]

AUD/USD to stay under pressure pre-FOMC

The Aussie Dollar is under pressure after weak Chinese econ data over the weekend AUD sentiment was already negative amid speculations of more hawkish Fed this week + unwinding of carry positions The currency is likely to remain offered ahead of the FOMC on Wednesday, along with other commodity currencies Next support seen at 0.8950, […]

CitiBank trade of the week: Sell NZD/USD

Sell NZDUSD at 0.8130, targeting a drop to 0.7975, stop loss at 0.8220. The post CitiBank trade of the week: Sell NZD/USD appeared first on www.forextell.com.

Session Data for Mon Sept 15 (GMT-5:00 ET)

AAPL: A bullish Cup ‘n’ Handle setting up?: by Mary McNamara

A trader wrote to me over the w/e asking me to check out what he thought was a bullish Cup ‘n’ Handle pattern setting up on the stock: Apple (AAPL). This is how the weekly chart of AAPL was looking after Friday’s close. Cup ‘n’ Handle patterns are bullish patterns and this is best explained […]

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