TraderFlow_TonyD

TraderFlow_TonyD

Long with stop under recent low. The Nikkei volatility has reduced in the recent days so we have the opportunity to resume the longer term uptrend. Traders have been waiting for the Base and the reduction of Volatility before entering and the charts are looking much more stable now. Good Risk Reward As well

TraderFlow_TonyD

Long for 100+ pip Bounce Daily RSI at 17. USD Strength and AUD selling overdone. While the trend is new the speed is too quick with a very rare RSI on daily and rising RSI on 4 Hour. Orders at 0.9750 should hold on Friday 17th May. Bernanke Speech over the coming weekend may adjust the markets expectations of tapering of QE3. Great Risk Reward at these levels!

TraderFlow_TonyD

Have seen a correction lower in the whole Yen Complex after the USD/JPY Y100 failute. The EUR/USD has since fund support under 1.3000 on multiple occasions and may be on verge of short squeeze to EUR/USD 1.33. The USD/JPY has found support in the lower Y97 region and may resume its uptrend for another test of Y100 in coming days. We are looking for the Japanese to...

TraderFlow_TonyD

Looking for significant rally over the next 24 hours with the MAS holding interest rates but lowering inflation forecasts giving them room to move if the economy weakens. Q1 GDP has then come in very weak at -1.4% vs. +2.5% forecast and combined with chances of USD strength via EUR/USD selling or USD/JPY buying we have good risk reward at these current levels

TraderFlow_TonyD

We entering a Short AUD/JPY in anticpation of fresh risk aversion from the Eurozone from both Cyprus and Italian Political issues. The AUD/JPY and AUD/USD run up has been steady and backed up by strong fundamental data both locally and in China. BOJ could create some USD/JPY buying surprises but these are priced in at the moment and EUR/JPY should overwhelm.

TraderFlow_TonyD

Long 1.3350 Stop 1.3280 TP 1.3660 Trade is 6-1 Risk Reward with the trend post G20 EUR/JPY risk. Pros EUR/JPY is in strong Uptrend, ECB not interfering with Euro Cons Italian Election Risk and European Politician especially French Euro Comments

TraderFlow_TonyD

Pullback underway ahead of ECB consolidation back to trend-line support

TraderFlow_TonyD

Sell with stop above large reported offers at 1.0460 with targets at 1.0360 1.0310 and if the 1.030-1.06 range breaks we looking for 1.0190. Multiple reasons for sell post RBA on the 5th FEB 2013 with the market selling into strong economic data and neutral RBA statement with European Political Fears Trumping.

TraderFlow_TonyD

Short term Trade to test the USD/JPY support at Y86.80. Long Y87 Stop 86.70 Target Y87.70

TraderFlow_TonyD

EUR/USD has broken topside while AUD/USD is underperforming ahead of its RBA meeting today. Expect rate cute to further stall the AUD/USD rally. EUR/USD is getting support from sovereign reserve managers and a large drop in Spanish and Greece Yields. The Eurozone collapse tail risk is pretty much gone leaving the Euro with plenty of upside especially if China...