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MOST RECENT ARTICLES
USDJPY: Dollar looking positive for further gains by FX Charts
USD/JPY: 120.78 The big rise in the NFP sent US$Jpy rocketing up towards the 2014 highs of 121.84 on Friday, reaching 121.29 before easing off in sympathy with the lower equity markets which were hit by surging US Treasury yields now expectant of a June rate hike, closing at around 120.70.The daily indicators are pointing […]
GBPUSD: Cable looking to test important 1.5000 level. Lower levels ahead by FX Charts
GBP/USD: 1.5029 Sterling took a battering of its own on Friday after the US data, falling sharply to 1.5031 and looking likely to test the important 1.5000 level in the days ahead. It will not be helped in the weeks ahead either, by the concerns over the chances of a hung Parliament at the May 6 […]
FX Charts Indices/Commodities Outlook
INDICES/COMMODITIES S&P Futures 2071 The S+P dived to 2065 after the US jobs figures, almost reaching the 2060 Fibo support at 2061 (38.2% of 1973/2116) before a dead-cat bounce into Friday’s close. The Fibo support could well come into play this week, a break of which would then open up 2053 (11 Feb low) […]
Barclays trade idea for the week ahead: Buy USD/CNH
Consistent with our fundamental view, our technical strategists are also bullish USDCNH. A multi-month rising channel and the 50-dma near 6.2470 help to define the move higher. We buy dips against support in the 6.2350 area. A move above 6.3025, the recent range highs, would encourage our bullish view and signal further CNH depreciation against […]
Be No Ego By Sam Eder
11 points on being no ego. Some of these are quotes are from the notes I have on the Market Wizards books, but I can’t remember who specifically. It’s something that is common across great traders. Don’t be a hero, don’t have an ego. The people that want to be recognised as being good traders […]
USD rally & Interest rate fear spooks US stocks & impacts FX by Mary McNamara
Last week: It was a better week for my trend trading TC system as the USDX finally broke free from the potential ‘Double Top’ region and the resulting trade signals all fared pretty well: E/U= flat (this short signal was just a bit too early), E/J= 150 (still open) and U/J = 70 and then another one U/J= spiked to […]
USDX: ‘Bull Flag’ wins over the ‘Double Top’! by Mary McNamara
USDX Monthly: The new March candle is currently printing a large bullish candle AND is trading above the key 95.50 level. Profit Source Monthly chart: This monthly chart shows that the recent triangle breakouts, on the monthly and weekly time scales, suggest bullish continuation. The break above 95.50 this week would also support this. The 50% […]
Forex Trading Opportunities for the Week Ahead 8 March 2015 by Sam Eder
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 […]
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