Tag Archives: USD

Sell USD:SGD

Posted on May 2, 2012 by

The US Dollar index looks weak to me. A series of lower highs, and a test of support, means I’m looking for the best way to short the USD.

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Sell AUD/USD Rallies

Posted on April 5, 2012 by

One of the great aspects of working with the CMC analysts team is the potential for “robust discussions” about markets. You may have noticed that we frequently disagree over the outlook for currencies, shares and commodities. However, we are in (rare) … Continue reading →

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AUD/USD Fails at Key Resistance

Posted on March 16, 2012 by

In overnight trading the AUD/USD rallied hard – from yesterday’s low at 1.0424 to touch 1.0555. This level provided key resistance throughout the week. The failure to breach this level, and the subsequent pullback, suggest that the outlook over the … Continue reading →

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USD/JPY – Stay Aligned

Posted on March 14, 2012 by

Have a look at this chart – now, quick, what’s your trading reaction – do you want to buy or sell this security?  If you’re like many traders, your first reaction to this daily chart is to “sell” – it appears … 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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AUD/USD – Dirty Stop Out

Posted on February 23, 2012 by

Yesterday, I added to an AUD/USD short position established the previous day at 1.0753. The second entry level was 1.0648. Overnight, I’ve suffered a “dirty” stop out – the market

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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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Sell AUD/USD on Risk/Reward

Posted on February 21, 2012 by

The AUD/USD is at a crucial juncture – with moves over the next twenty for hours likely to set the short term direction for the currency. Overnight, the Aussie failed again above 1.08,

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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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Contrarian Trading

Posted on February 8, 2012 by

Market action is suggesting a sell risk approach (sell US S&P 500, Aussie 200, oil, copper, AUD/USD, EUR/USD) - or is it just me?

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