Show panel Hide panel

Best wins View all achievements

This user doesn't have any achievements yet
Show panel Hide panel

Last 3 posts Show blog

Avatar

USD/JPY: Shock and Some Awe


The Pi cycle interval from the June 2007 high (8.6 years) in USD/JPY suggested that we might get some fireworks around the BOJ meeting last night. This cyclical “heads up” certainly did not disappoint. As for what it means, going forward the price action over the next few days should prove pretty pivotal and have some important medium-term implications. Generally, into important turn windows like this I am looking for a move to materialize against the short-term trend within one to two days. In…
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي
أولترك تعليق
Avatar

CAD Rally Stalls, Looks to Oil for Direction (Levels)

The Story in USDCAD – Underlying Markets May Be Turning
Friday’s close below 1.4150, near the 21-dma, has forced many USD/CAD bulls out of their positions. A near 550 pip drop from Wednesday’s high have traders on high-alert for a turn as many now turn neutral in the short term. The highly correlated WTI Crude Oil market posted its strongest 2-day rally since the initial move off the late 2008-low at $32.40bb to end last week rising over 18%. Now, the risk for USD/CAD traders is for a deeper-t…
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي
أولترك تعليق
Avatar

USD/JPY (Weekly)


-The most recent FXTW note was “the uptrend that USD/JPY enjoyed since the December 2012 breakout is over. The cross topped nearly 7 months ago at a long term trendline. All of this doesn’t mean that USD/JPY can’t or won’t experience rallies. All of this does mean that rallies should be sold. Be patient and use stops, as outlined in the popular TOST series. As noted in the Q1 technical outlook, a …
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي
أولترك تعليق