fxstraderomi

fxstraderomi

Bearish price RSI divergence on the daily chart Sell around 0.7990 Objective 0.7892-0.7860 Stops above 0.8043

fxstraderomi

The AU-US 10Y spread stood at 7 bps on 11 July and currently stands at 7 bps. This contradicts the rally in the AUD/USD pair from 0.76 handle to 0.7740. On the 4-hr and 1-hr AUD/USD chart, the RSI is overbought… Sell AUD/USD @ 0.7730 Objective 0.7665 Objective Stops above 0.7760

fxstraderomi

Bullish price RSI divergence, long lower body of today's candle signals technical recovery. Watch out for a potential double bottom breakout... Buy around 75.76 Objective 95.61-96.80 Stops below 95.40

fxstraderomi Updated 

Hawkish BOC rate hike has been priced-in. The spot is likely witness 'buy the fact' trade now. Expecting a 100-pip recovery. Buy around 1.2800 Target 1.2870-1.29 Stops below 1.2770

fxstraderomi Updated 

A break above the Andrew’s Pitchfork mid line would require a great effort … fuelled by a sharp rise in the German yields. Moreover, it would have to be a near 90 degree rally, which as of now looks difficult. ECB’s Visco just came out in favor of ‘expansive’ mon pol. Weekly chart shows – failure to hold above the trend line resistance of 1.1464. It makes sense...

fxstraderomi

The trend line support has come to the rescue... A solid rebound if followed by an end of the day close above 10-DMA would signal a bottom has been made... Dash could then proceed to revisit the recent highs around $240. Sellers could come-in below the trend line support.

fxstraderomi

Nice rebound from Pitchfork support not only leaves another higher low, but also suggests the selling may have run out of steam. The 10-DMA is sloping upwards as well. I expect LTC/USD to revisit $50.00 levels. Keep tight stops below $42.00

fxstraderomi

Expanding channel breakout confirmed last week Yield sought support of the channel ceiling earlier this week and now staging a rebound A break above the previous week's high of 0.58% would open doors for 0.67% (weekly 200-MA). Sell Euros if the yield breaks below 0.50% levels. Dips to weekly 5-MA likely to be short lived.

fxstraderomi

Weekly chart Rejection at 5-MA followed by a break below weekly low of 7344 is likely to yield a pull back to 7290 (161.8% Fib ext.). A weekly close below 7290 would signal the index has topped out. Stops could be place above 7360 (very tight stop).

fxstraderomi

A 25 basis points rate hike has been priced-in. CAD is overbought. Profit taking could be seen after the BoC rate hike. The best pair to play the CAD weakness is the CAD/JPY pair. This is because the JPY is oversold as well…and due for correction. Have a look at the daily CAD/JPY pair. The cross is nearing inverse head and shoulder neckline and looks exhausted....

fxstraderomi

Buy on dips around $1206-1208 Target $1219-$1230, Stops below $1095 The weekly chart below shows a nice symmetrical triangle pattern…Prices breached support of weekly 100-MA (still sloping upwards) and $1214.40 (May low). The metal extended losses to $1204.70 earlier today before recovering to $1212.60. I feel the metal has found a temp low at $1204.70 and is...

fxstraderomi Updated 

Bank of Canada July rate hike odds jumped to 90%. The rate hike in the next week is pretty much a done deal and priced-in. Expecting sell the fact trade = profit taking in CAD longs. Buy USD/CAD around 1.2910, Objective 1.2980-1.30, Stops below 1.2880

fxstraderomi

Rise in hiring, jobless rates, labor force participation and weak wage growth numbers means the Fed could go slow with policy tightening. The drop in EUR/USD likely to be bear trap. Buy around 1.1390 Objective 1.1440 Stops below 1.1370

fxstraderomi

Upward sloping 5-DMA, 10-DMA, 50-DMA Nice rising bottom formation Bullish 100-DMA & 200-DMA crossover Bullish day end close yesterday above 1.4998 The technical set up clearly favors buy the dip trade Buy around 1.5, Objective 1.227-1.5250 Stops below 1.4950

fxstraderomi Updated 

I am tempted to buy USD/CAD here.... Canadian dollar has been rallying since early May largely on expectations that the Bank of Canada (BoC) would hike rates this year. Some expect the BoC to give a strong hint of a rate hike this month. USD/CAD has dropped from 1.3793 to 1.29 levels over the two month period. In my opinion, BoC’s hawkish turn has been priced-in...

fxstraderomi Updated 

sharp steepening of the German yield curve + bullish break on the 1-hour chart + rebound from near 1.13 levels + daily RSI curling upwards suggests the spot is likely to have another go at 1.1445 levels. Buy around 1.1380 Place stops below 1.1350

fxstraderomi

Head and Shoulders breakdown and rising bond yields likely to yield another 100- point drop. Sell around 5590 Objective 5490 Stops... place at least 20 points higher from sell trade.

fxstraderomi

Nice rebound from 200-DMA + bullish break from ascending triangle and a steeper treasury yield curve could yield a rally to 240-250 levels. Place stops below 221