Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. USD/CAD: Short down to 1.2000 or lower. We believe crude oil has stabilized above $30 and will eventually shoot to retest $70. We also believe the Federal Reserve will delay rate hikes and that the dollar will fall. In short,...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. Data coming from New Zealand has sparked a really potentially amazing volatility event for all NZD based pairs. We like AUDNZD back down to 1.0450 with a capped price around 1.0650 for max pain. The ADR low for the following...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. While speculative in nature before official news on Brexit - from a technical standpoint the EURGBP has been developing a potential powerful head and shoulders pattern on the larger time frames. The psychological barrier of...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. The data on our end points to the AUDUSD moving much lower - and with the RBA Rate Statement due on June 7th, we expect the currency to fall or remain capped under .7400 in anticipation. Rate hikes look likely in the United...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. The GBP remains a very bearish pair and with data out of Canada today coming in as expected on rates, the price action behavior from this pair indicates it will continue lower. The recent breach of 1.8280 is where the D10EMA...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. Based on the technicals this is a clear short, however there is data out of Canada and Australia tomorrow that will likely be a catalyst for either direction. We are short this pair with limited size, and plan to add more...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. While rare trades, we are looking to start betting with heavier size on this EURAUD long as a position trade. We will scale very carefully as this is just a potential emerging theme. Recently, the EURGBP moved 1000 pips off...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. After passing through the 84.00 barrier, the AUDJPY has now crossed all major exponential moving averages that are typically eyed by the market on both the D/W/M timeframes. Fueled by Australian data yesterday, this pair has...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. Unless the dollar breaks this trendline or key support level. The problem with where the USD sits, along with other pairs like the EUR/USD, is that they are at levels where sellers of the dollar are waiting to see if they want...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. This Thursday we have important press conferences from both Yellen (FED) and Draghi (ECB) on policy. This is in conjunction with the Unemployment Claims number for the US on the same day, which drives our hypothesis that the...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. But be careful... Those positioning short at the top were smart, if you are not positioned there then consider your trading size if you want to chase this move. Fundamentally, this pair should continue range bound to lower...
It's very possible the markets are, and have been, pricing in interest rates hikes for the USD. In these situations, it's important to look at the bigger picture, especially the technicals, to confirm that price is moving in a way that would also support traditional fundamental bias. On a longer time frame, the dollar is becoming increasingly more suspicious, and...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. Despite the strong dollar sell off in both the previous New York and London sessions, the USDJPY has remained surprisingly resilient. Running into NFP tomorrow this is one to keep a close eye on as there will be either a...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. The USD has been sold across the board after discussions surrounding interest rates yesterday. This has created good trading conditions in all pairs against the dollar. Expect most of the trading conditions to remain range...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. Short term correction looks likely right now on the GBPUSD which should be headed for 1.4380 unless over the next two days it comes back and takes a crack at 1.4170-1.4200. Lately this pair has been a volatile one, good for...
As with our linked idea, swing trades should also look for short term moves on this pair to continue lower. The DPV should cap price around 1.3770 if momentum maintains will the next solid barrier at 1.3860. Scaling into this trade properly for a move down to 1.3670 we see as a decent play.
We believe position trades long term short on this pair will fare well however short term swing traders may want to look at this for moves down to 158.10 and the topside cap at 160.10 for the bias. The average daily range low for today will come in at about 157.85 and pressure is likely to keep up if we remain below the DPV at 159.16. Look to scale into this...
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice. The tricky part is scaling into this trade. There is immense technical and fundamental pressure on this pair at the moment. Statistically the GBP pairs still seem very bearish over the long term and the GBPJPY in particular....