theforexportal

theforexportal

The trend line shown on the daily time frame is currently supporting the S&P's move north. 2128 looks key. Should we see a move south of this mark it may be time to try selling this market which is looking ready for a significant shift to the south - most likely to support at 2070 area where the 200 sma lies.

theforexportal Updated 

With the FTSE putting in a new high today, its compelling to try a SHORT from these levels. We at Carleton Capital are SHORT from 7100 with an open target and a STOP above the record high at 7135. Its a tough task to call a top in any market and with continued accommodation from the Bank of England and with sterling weakening this trade may not run too far...

theforexportal

On the daily the last 3 candles have been doji indecision candles. RSI on the daily time frame is currently over 82 and on H4 71 and falling. EUR BULLS are under pressure and EUR/USD is declining rapidly. Risk reward on any EUR/GBP SHORTs is massive once we start heading south. SHORT here (.9040) with a STOP at .91.07 with an initial target of 88.14.

theforexportal

Carleton Capitals Trade of the Week is, to be honest, the best we can find out of a bad bunch. The GBP flash crash last week has left our GBP algorithm somewhat in no mans land whilst we wait for RSI levels to adjust following deep oversold conditions on all GBP pairs (overbought on EUR/GBP obviously). With Monday being a Bank Holiday in Japan, the US and Canada...

theforexportal

At 8:15 this morning our EUR algorithm suggested a LONG trade on EUR/USD. Supporting this trade are a strong reversal candle on H1 and RSI on H1 moving from oversold back north. Our STO P is under the support at beneath Fridays low at 1.1153. Target is yesterday's low initially at 1.1204

theforexportal

Looking to SHORT this pair from 1.0957. This is Carleton Capitals Trade of the Week.

theforexportal

The recent GBP Manufacturing PMI numbers came in above expectation and this may be enough to give sterling a boost for a session or two though the overall picture remains gloomy for GBP BULLS. Oversold conditions on the lower time frames suggest we could see a bounce here though any moves north are likely to be capped. LONG from 1.2488 with a tight STOP at 1.2481...

theforexportal

With the GBP Current Account numbers impressively beating expectation, a SHORT EUR/GBP trade from these levels may be rewarded. As can be seen from the chart the 200 sma has been broken and a close below this level would suggest we're headed lower. STOP is at .8673 which is yesterdays high.

theforexportal

GOLD and SILVER have sold off aggressively over the last few hours and we are deep into oversold territory on both the metals but both are showing signs of recovery. SILVER is being supported by the WS1 pivot and GOLD by the 200 sma. We at Carleton Capital are LONG SILVER from 10.04 with a tight STOP at 18.90. (www.cacax.co.uk)

theforexportal

The AUD/JPY is approaching an area of support so we need to look at the lower time frames to see if we can find an entry. Looking at the H1 time frame the area between 76.27 and 76.16 looks interesting. We at Carleton Capital will go LONG AUD/JPY from 76.16 with a STOP below the recent low at 75.94

theforexportal

The area around .8670 has been an area of historical resistance from March 2013. With RSI oversold conditions falling on H4 and H1 time frames and a doji reversal on H4, from a technical standpoint a SHORT here represents excekllent risk/reward. Friday saw a raft of generally disappointing Eurozone PMI's and should the latest German IFO business sentiment survey...

theforexportal

Its difficult to see where GOLD can go over the next few months (and years) other than up. We at Carleton Capital are in this trade at 1311 (see Technical Case for Gold 19th September). I shall be posting an artricle about why Carleton Capital are heavily BULLISH on GOLD at a later date but from a technical and fundamental standpoint the case for increased ...

theforexportal

Gold's advance post FOMC may be halted at 1335 where we could see a pause before the next leg higher

theforexportal Updated 

From the 1st March the GBP has been strengthening. Fears of a Brexit have hammered the GBP for months and its looking increasingly likely that this sell off has gone too far and wea re now seeing a bounce back. I'm only looking for LONG GBP trades and I have long established positions buyinmg GNP/NZD and selling EUR/GBP. I've gone LONG GBP/USD at market (1.4440)...

theforexportal

Technical indicators suggest we're headed higher on this pair with support coming in from the 200sma. Open target as this trade could fly potentially if there's a shift in sentiment towards the GBP which has been sold off far too aggressively of late. I'm LONG from 2.0791 with a STOP at 2.0754.

theforexportal

Last Fridays weekly candle was a doji indecision candle and with signs of tiredness on other EUR pairs we could be seeing the first signs of an EUR reversal. Price is crossing down through a long established trendline on the daily time frame and the RSI on DTF is moving out of o.b and headed south. I'm in this market SHORT from 1.1384 with a tight STOP at ...

theforexportal Updated 

GBP/USD rapidly approaching a reversal point at WS1. LONG from 1.4077 STOP 1.4044 Target OPEN

theforexportal

LONG GBP/NZD from 2.0992. GBP/NZD has crossed over the 200 sma and this gives us an ideal entry with a tight STOP. The GBP has been under the cosh for much of 2016 and its possibly time for a bounce and this is a fast moving pair with a large daily range. The risk/reward on this trade is off the scale as we are still well short of the 23.6 level of the Monthly...