Tag Archives: Dollar

CAD/NOK – Sell Imbalance

Trade ideas can come from surprising sources. The team here at CMC Markets were looking at USD/JPY yesterday, and although there are a number of interesting factors in play (competitive devaluation, trade and debt issues, as well as chart set-ups) the … Continue reading

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Posted in Forex, Market, Trading | Tagged , , , , , , , , , , , | 2 Comments

The USD Puzzle

Recent US Dollar strength has many traders scratching their heads. While fundamentals and technicals tend to drive markets in the longer term, market positioning – whether mainly short term traders have bought or sold – can dominate for short periods. Not only would … Continue reading

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Posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , , , , | 2 Comments

Gold Triangle on the Radar

Many successful traders maintain a “radar” screen of markets and instruments that may be approaching key levels for a trade. Gold breached a triangle in May that gave a $100 + short trade – and surprisingly, is now in a … Continue reading

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Posted in Commodity, Gold, Market, Trading | Tagged , , , , , , , | 5 Comments

Risk vs Risk – Sell AUD/CAD

The AUD/CAD cross is always on my watch list. Both are considered risk or growth related currencies. Both are linked to a major economy – the CAD to America and the AUD to China. While US data is showing a … Continue reading

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Buy AUD/USD on Dollar Index

The US Dollar Index (a trade weighted basket of currencies, mainly EUR and JPY) can give good leads for all currencies traded against the USD, especially where the short term driver is US dollar issues.

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USD/JPY – Stay Aligned

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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Posted in Forex, Market, Trading, Uncategorized | Tagged , , , , | 9 Comments

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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CADJPY see potential Gartley reversal on 30 min chart

One of the setups that remains very popular with readers is the Gartley reversal. This setup occurs after a corrective movement against the direction of the impulsive trend. The 2 things that the trader looks for is the ABC swings … Continue reading

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EUR/USD may be setting up for an hourly Gartley reversal

With the recent strength in the USD there have been some pretty significant declines seen in a number of currencies. Whilst no-one wants to try and ‘catch the falling knife’ it can be a good idea to look in advance … Continue reading

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