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Top trade idea for May 28th, 2015 – USDCAD

This is a continuation of our previous usdcad analysis from last week as the take profit on the long trade we recommended was hit and then we said that we want to sell the 1.2520 level. Well, it may be that that area is not going to come so today’s trade idea is to sell […]

Dollar Rally Extends And Breaks Key Levels Along the Way

Talking Points: Dollar Rally Extends And Breaks Key Levels Along the Way Euro: Greece Risk of an Accident Growing Japanese Yen Pairs Conviction Uneven but USDJPY Propelled to 7-Year High Dollar Rally Extends And Breaks Key Levels Along the Way The Dollar started a strong move through the close of the past week. The strongest […]

USDOLLAR Index Bottom Looks Established by Now

Talking Points: USDCAD, USDJPY continue to lead the way for USD-pairs. EURUSD in ‘sell rallies’ mode after break of March-May uptrend. See the May forex seasonality report. The USDOLLAR Index has made considerable strides the past two weeks and by doing so, has positioned itself on the charts as having developed a potential significant bottom […]

Top trade idea for May 21st, 2015 – EURUSD

This is the fashionable usdcad pair and I am both bullish and bearish on the pair as the current setup suggests the move to the downside is a so called double combination. If that is the case, then it means it is a three waves structure and three waves structures in the a wave position […]

Trade Setups in USD-pairs Around April US NFPs

Talking Points: EURUSD restests daily 8-EMA, support since April 23. AUDUSD, USDCAD immersed in triangle consolidations. See the May forex seasonality report. The components of the USDOLLAR Index aren’t moving in lockstep, offering multiple opportunities for trade depending on today’s jobs report outcome. See the above video for technical considerations in EURUSD, GBPUSD, AUDUSD, USDCAD […]

Top trade idea for April 30st, 2015 – GBPCAD

The gbpcad cross is forming a running triangle that is not completed yet. What is to mention here is the word “running”, which in this case means that the triangle needs to end above the highs in the previous x wave in red. This in turn means that the d wave is not done yet […]

More USD Downside Due in Days Ahead?

Talking Points: Market keeps an eye turned towards Q1 US GDP, FOMC USDCAD has yet to achieve downside double top target. See the April forex seasonality report. While there’s a quiet start to the week on the economic calendar, fundamental headlines should make waves over the next few days with the Q1’15 UK GDP report […]

Top Trade Idea for April 20th, 2015 – USD/CAD

Global FX Club) USD/CAD is at an interesting juncture as the pair tumbled this past week from a high of 1.2644 to a low of 1.2087 as the setback came on the back of U.S. crude rising 4 percent after the bullish EIA inventory report. That fundamental fact pair with the technical picture in which […]

Commodity Dollars Soar After China Cuts Reserve Requirement Ratio

Talking Points: Commodity Dollars Soar After China Issues 100bps RRR Cut for Top Banks Japanese Yen Gains Amid Risk Aversion, Euro Declines on Greece Jitters US Dollar Looks to Dudley Comments to Drive Rates “Liftoff” Speculation The Australian, Canadian and New Zealand Dollars outperformed in overnight trade after China unexpectedly cut the reserve requirement ratio […]

Grexit Fears Has Yields Tumbling and EUR Crosses Under Pressure

German bund yields print new record lows Grexit fears has spreads widening further Risk aversion pummels EUR crosses Commodity currencies find needed support Global yields continue to tumble, mostly on fear or lack of returns and modest growth prospects. It’s beneficial for investors to understand the relationship between various yields spreads to comprehend some of […]

Top trade idea for April 16th, 2015 – GBPCAD

What I am targeting here is nothing but a rising wedge for the gbpcad cross as the 2-4 trend line of the bigger degree impulsive move has been broken yesterday. Actually it is quite interesting as the spike higher yesterday has been sold aggressively on Bank of Canada being quite pleased with the way the […]

USD/CAD – Loonie Head Fake Hurts Bears and Threatens Dollar Low

CAD Bulls have the hammer Poloz: Oil shock front loaded for Canada Loonies three-month range in danger of being broken No new surprises from the ECB The BoC held rates as expected this morning. Governor Poloz sees oil price shock dissipating and repeated that the oil impact was more front-loaded and that it would not […]

Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up

Talking Points: Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up Euro: What Should we Expect from the ECB, Greece Today? Australian Dollar Holds Precarious Floor after Chinese GDP Hits 6-Year Low Dollar Skittish Below 12 Year High Risk, Monetary Policy Themes Heat Up With the USDollar testing the 12-year highs established […]

USDOLLAR Index Triangle Finding Resolution Higher

Talking Points: USDOLLAR Index trades through key former swing high of 12093. EURUSD breakdown sees post-FOMC lows broken. See the April forex seasonality report. As interest rate expectations were decimated in the wake of the March FOMC meeting and March NFP report, the US Dollar’s bull run had taken a backseat to the short-term influences […]

Top trade idea for April 12th, 2015 – USD/CAD

USDCAD has formed into a well-defined, rectangular trading range. For me this presents 3 potential trading opportunities: Sell on a clear break of the rectangle support looking for a deeper correction of the major rally leading into this pattern Sell on another rejection of the rectangle resistance. This would set up for a return to […]

How Do FOMC Minutes Fit in with USDOLLAR’s Ongoing Triangle?

Talking Points: EURUSD loses post-March FOMC uptrend, but still rangebound. USDCAD back into middle of range after holding C$1.2350/2400. See the April forex seasonality report. The USDOLLAR Index is testing the topside of its triangle resistance as ST indicators turn higher. However, on a day and in a week where the economic calendar (in particular, […]

Top Trade Idea for April 8th, 2015 – USD/CAD

“I assure you, ladies and gentlemen, that if we do find oil here – and I think there’s a very good chance that we will – this community of yours will not only survive, it will flourish.” In his inimitable performance as Daniel Plainview in the 2007 movie, “There Will Be Blood,” Daniel Day Lewis […]

Dollar’s Fate Rests with NFPs due to Positioning, Seasonality

Talking Points: USDJPY holding near weekly lows, below key Jan-Mar uptrend. USDCAD falls back to dynamic supp/resist area ahead of NFPs. See the April forex seasonality report. The economic docket is fairly quiet today but for a small spat of ‘medium’ ranked data on the DailyFX Economic Calendar, with the weekly US jobs claims data […]

Top trade idea for April 2nd, 2015 – USD/CAD

Still on the usdcad this week too as this market is a special one and the reason for that comes from both a technical and a fundamental perspective. From a technical point of view, as long as the 1.2406 lows in the 4th wave green are not broken, then the scope can only be bullish, […]

USD/CAD – Poloz Did Not Ruffle the Loonie’s Wings

CAD rate cut “buy’s us time” Need time for lower oil prices to have impact BoC to wait on sidelines Higher crude temporarily supporting CAD Governor Stephen Poloz at the Bank of Canada (BoC) said nothing to upset the market balance in his speech in London this morning. The governor has been criticized by various […]

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