Tag Archives: FX

GBPUSD – selling pressure for symmetrical triangle breakout

Posted on May 9, 2012 by

Hi all, as you would no doubt have noticed the selling against the USD has been prolific in the last 24 hours though of course some currencies have copped it more than others – AUD and NZD – I’m looking … Continue reading →

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Sell EUR/AUD on Headline Risk

Posted on April 16, 2012 by

EUR weakness resumed on Friday night.  As market fears over Spain rattled global equity markets, the EUR fell one and a half big figures against the USD. The resultant fall in EUR/AUD sets up a solid risk reward trade.

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AUDUSD – Short Term Trading Levels Being Tested

Posted on March 28, 2012 by

Yesterday was a really interesting session. For much of the day we had a number of different signals that had us positioned on the short side of the local currency including double-top’s, ‘M-reversals’ and also some really neat pivot point … Continue reading →

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EUR:AUD Trough Lolly – Still Short

Posted on March 2, 2012 by

On Wednesday I looked at shorting EUR against AUD ahead of the ECB’s liquidity injection (LTRO). The reversal pattern is now complete, and indications are in favour of a test of 1.2134, the all time low for EUR:AUD. In fact, … Continue reading →

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Sell EUR/AUD on LTRO

Posted on February 29, 2012 by

Markets are looking forward to a huge liquidity injection tonight. The resulting currency moves may be a little harder to predict, partly because of the wide range of estimates of the size of the program. On balance, the possible outcomes … Continue reading →

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USD/JPY – How High?

Posted on February 27, 2012 by

Two weeks ago, USD/JPY cracked a down trend that began in 2007 – the blue line on the chart from the Tracker platform below: USD/JPY Monthly – 1997 to 2012

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Sell More AUD/USD

Posted on February 22, 2012 by

Overnight action in the AUD/USD is pointing to further downside potential on a clear medium term trend break. The case for selling more AUD/USD (or entering a new short) is, once again, based on

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Breaking USD/JPY

Posted on February 15, 2012 by

Fundamentals and technicals are pointing to a buy trade in USD/JPY. Yesterday, in a surprise move, the Bank of Japan announced a further easing of monetary conditions through an expansion of its bond purchasing program. Previous commitments of 55 trillion yen increased … Continue reading →

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Strategy Updates – Commonwealth Bank, Woolworths and GBPNZD

Posted on January 25, 2012 by

Hi everyone, The video below updates strategies on set ups outlined in previous posts for readers following these trades

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Sell EUR/AUD on the 30 min chart

Posted on January 25, 2012 by

Fundamentally, I want to be short EUR. While there are positive risks coming out of the European leaders summit this weekend, the more than two year history of disappointing

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