Tag Archives: FX Commentary

Well do ya punk? – EUR: JPY sell set up

Contemplating this reversal set up, I admit to feeling a bit like the punk staring into the barrel of Dirty Harry’s 44 Magnum. The size and momentum of the trend leading into this situation looks like it might blow your head off. Sometimes, pulling the … Continue reading

Rate this:

Posted in Forex, Market, Trading, Uncategorized | Tagged , , , | 1 Comment

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

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , , , , , , | 3 Comments

USD: JPY – Japanese election puts 2nd reversal target into play.

The sell set up I posted on Thursday failed to trigger. After the weekend’s convincing election win by Shinzo Abe, Dollar: Yen gapped higher this morning with traders anticipating a more aggressive approach to both fiscal and monetary stimulus in Japan. The net result – a good … Continue reading

Rate this:

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

Aussie Dollar – the week ahead

As we head into a new month and a big data week for the markets, I’ve outlined some thoughts on what some of the news events could mean for the Aussie Dollar and how this relates to the technical outlook.

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , , | 4 Comments

AUD: CHF – Selling into a rally

Aussie: Swiss has the potential to turn into an interesting example of a sell set up for swing traders over the next day or 2.

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , , , | 1 Comment

EUR: CAD – sell on RSI failure swing

Regular watchers of currency charts will be aware that the strong rally in most Eurodollar pairs has peaked in recent weeks. The Canadian Dollar has been late to the party, but the RSI is giving a clue that the Euro may finally be about to weaken against the CAD as … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , , | 3 Comments

FX Commentary from Michael Hewson

Last night saw broad agreement amongst EU nations of the fiscal treaty so favoured by Germany; however the agreement was not universal, with the UK and the Czech Republic refusing to sign up. The treaty is expected to legally bind … Continue reading

Rate this:

Posted in Forex, Trading | Tagged , , , , | 1 Comment