Monthly Archives: March 2013

Morning Technical Notes

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski.

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Double Bottom Set up – GBP: NZD

Impressed by the interest in Michael’s Mystery Chart, I initially thought of making this set up a mystery too. I could become the Crocodile Dundee of the CMC Blog – “That’s not a mystery chart – THAT’S A MYSTERY CHART”. While as a mystery … Continue reading

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Mystery Chart 2013

No prices, no names, and no trader bias. Is this chart a buy or a sell?

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Posted in Market, Trading | Tagged , , , | 33 Comments

Morning Technical Notes

Each morning we will post thoughts on short term trading levels from Colin Cieszynski, our Senior Analyst in North America. Colin updates these daily after the US close.

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Posted in Commodity, Forex, Gold, Market, Trading, Uncategorized | Tagged , , , , , , | 7 Comments

Buy EUR/USD on Incompetence

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared … Continue reading

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How to Trade Gold against World Currencies

Many traders are familiar with trading the price of gold against the USD. Gold has historically been seen as a store of value and has acted as a defensive play in times of economic, political, and financial crises.  The gold … Continue reading

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S&P 500 – positioned for a significant correction

The US SPX 500 CFD has every chance of confirming a trend peak at a significant Fibonacci cluster today. This comes at what could be the end of a 5 swing advance, setting up for a correction of the whole rally from the … Continue reading

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Australia 200 – Weekly Outlook

This weekend’s news from Cyprus has opened up another front on the assault against the current uptrend. The question before traders is now whether history will see today’s trading as just another  red candle in the broad sideways movement that began on 20 Febuary … Continue reading

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Timing the Yen reversal with MACD

CAD: JPY looks like a chart with potential for a major correction. Faced with an uptrend that’s been the proverbial freight (or perhaps bullet) train it would seem prudent not to take it on just yet. That said, the obvious supports are a long way below the market at … Continue reading

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AUD/USD – Boundary Protection

Yesterday’s post – Buy AUD/USD on Trend Break – showed my stop entry order. After the release of jobs data today, AUD/USD rocketed higher, through the stop entry order at 1.0337. I should be long AUD/USD. However, my account shows … Continue reading

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