Tag Archives: FX

5MADT – Another Win – June 7

Trading in EUR/USD overnight was perfect for the Five Minutes a Day Trading strategy. The buy order was triggered by the barest of margins, 0.3 of a pip!. The  market then marched steadily to the take profit level (and beyond). … Continue reading

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Five Minute Trading – Just Missed – June 5

The 5MADT trading strategy just missed last night. The market traded lower from our reference point, but missed triggering the buy order by 1.5 points, then rallied hard, triggering the sell order and then the stop loss in quick succession. … Continue reading

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GBP: AUD – Divergence Set Up

After a month of full on trending, some of the Aussie pairs are beginning to show signs of divergence. GBP: AUD looks the most clear cut example to me. A weak close to the current candle would also mean an … Continue reading

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AUD/USD Sea Change

The AUD/USD pair bounced off an important support level in the last 36 hours, at 1.0150. Today, stronger than expected jobs numbers in Australia added support, but the big picture is deteriorating. A fall through the key support not only … Continue reading

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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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Canadian Dollar setup

The Aussie and Canadian Dollars have both had “safe haven” buying support since the Cyprus situation emerged. The Aussie: Swiss Franc pair recently broke through channel resistance and the Canadian Dollar could now follow suit.

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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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Posted in Commodity, Forex, Gold, Market, Shares, Stocks, Trading | Tagged , , , , , , , | Leave a comment

AUD: USD – Triangle

The Aussie Dollar 4 hour chart has formed a symmetrical triangle. This looks to me like a situation that could create 2 or three different opportunities for swing traders depending on how price breaks

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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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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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