Monthly Archives: February 2012

Markets await results from second LTRO

Markets await results from second LTRO By Michael Hewson (Senior Market Analyst at CMC Markets UK) In December the ECB changed the game somewhat when they announced three year money at extremely low interest rates would be made available to … Continue reading

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Sell EUR/AUD on LTRO

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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Macquarie Group – Potential Buy Set Up

The chart of major Australian Investment Bank has in recent weeks made a sharp rally out of what looks like a typical basing or “accumulation” pattern. Over the past 2 weeks price has hesitated around the 27.50 level and in … Continue reading

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AUD:USD – Bullish Channel

The Aussie rejects a trend line support on Friday and in doing so has confirmed a downward sloping trend channel formation. Given the overall structure of this chart at the moment this looks like something that could lead to a buy set … Continue reading

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USD/JPY – How High?

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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NZD:USD – Strategy Update and Triangle Buy Set Up.

Hi everyone, If you have been following our blog for some time, you will be aware that I have blogged a couple of times on a NZD:USD buy strategy that is still open. This was a 5 swing buy set … Continue reading

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AUD/USD – Dirty Stop Out

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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Gold – Flag pattern update

Now that the flag set up I posted last Wednesday has been triggered ,I’ve outlined some thoughts on trading strategy for readers interested in following its progress.

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Sell More AUD/USD

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

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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