Hi everyone

I will be attending iFXExpo in Cyprus on 29th & 30th May 2013.

iFXEXPO is the largest financial B2B convention dedicated to the FX industry connecting service providers and brokers with over 1,500 senior executive attendees, over 60 exhibitors from around the world and top…

Currently we are at 1.0324. IF we can break this top we are we are looking for a move to the 1.0363 Day top and then a continuation up to the R5 resistance @ 1.0397.  We are bullish.    The current average daily trading range (ATR) is 65 pips.…

eur/usd   buy  2967   buy  2862

usd/jpy  buy  10281   sell  10212

dow 30   buy  15446    sell  15327

apple  buy  445   sell  432

The EURUSD halted its weakness at the key support 1.2795, with the break of the key resistance 1.2890, the pair is likely to consolidate with bullish bias, next resistance is at 1.3030 where strong cap is suggested , so If 1.3030 holds, there’s a risk to back towards 1.2795 levels, losing this level on a daily closing basis would open the way towards 1.2625 levels first ,ahead of 1.2500 levels.

On the upside , a daily close above 1.3030 is likely to weaken to current bearish run but,…

Westpac - "Over the last month the optimal currency to have owned CAD against has been AUD. For the week ahead however we wonder whether USD/CAD may be the better pair. USD/CAD is currently hovering just below 1.03, levels where previous rallies this year have failed. The key data release in Canada this week is March retail sales. (...) On balance model signals and event risk seem to suggest a sustained break in USD/CAD above 1.03 is a bridge too far, at least for the week ahead. EUR/CAD…

After a very quiet start to the week, the markets will be busy on Wednesday. The US Federal Reserve will also be front page and center, as the Fed releases the FOMC minutes and Bernard Bernanke testifies in front of  Congressional committee. After sustaining sharp losses,EUR/USD has posted a modest rally this week, gaining about one cent since Monday. In other economic news, the US releases…

Take just the pinbars with the CCI in overbought (200 and 100 levels) or in oversold (-200 and - 100) teritory and trade all the way til the CCI reach the other side (from overbought to oversold or inverse).

Don't mess with it, don't hesitate, just trade. SL at the high or low of pinbar, TP at the other extreme state of CCI.…

As you may know, I'm a big fan of MahiFX's web app. Unfortunately I can't use it in the US, but I always trade on there when I'm in Europe and practice my scalping skills when in the US on demo.



Anyway, as I was reading their blog this morning, I stumbled upon the shortest survey I have ever seen, and it somewhat confused the heck out of me!…

JPY crosses are moving higher this mooring after BoJ Kuroda highlighted that change in fx-rates will boost export volume, but not earlier than in 6-9 months. This means that there current policy has a positive impact on the economy that’s why we can see strong rally on Nikkei which is pushing the JPY down, or XXX/JPY to the upside.



We are long EURJPY from 131.90 with members and so far pair is moving very nicely in our favour with possible extension to 133.80 in sessions…

USD remained sideways for the most part. USDCAD has been rejected from 1.03193 - 1.03050 zones twice indicating pressure from top. Current price action indicate Shorts on USDCAD testing strong resistance at 1.02205 -1.02065 zone.

For Intraday Traders - Go Short at break of 1.02930 - 1.02790 zones on lower end

Sardar…

If some one would tell me to choose only one indicator to trade with, that would be the ADX. ADX is one of a kind, it is the mother and father of all indicators and I found-it to be the most complet indicator.

The ADX is a trend indicator but also an oscilator. The ADX line, the trend indicator show us A VERY IMPORTANT PIECE OF INFORMATION in a visual way, the STRENGHT of a trend. In the picture below the white line is the ADX and is an indicator of a strenght of the trend. The ADX…

After having my last post on Usd.Cad, pair is trading in series of impulse waves to complete it’s wave Y. Expected target zone for wave Y is 1.0798. Pair will pause here soon on weekly resistance. RSI also start diverging. I expect pair will be in flat correction for wave iv of [3].

Recommendation: 

Long 1/2 @  1.0233; 1/2 @ 1.02150…

EUR has reached my long targets from yesterday and is currently at the resistance line 1.2930 which is also the border of the ascending channel from 1.2047. Breaking above may happen only on dollar negative news from Mr.Bernarke, so untin that and FOMC decision i expect a range trade between 1.2860 and 1.2930, significant moves may happen in later american session or tomorrow.

GOLD is again in a stand-by, waiting for the dollar to choose direction.

For today:

LONG EUR…

EUR/USD

Buy AT:1.2918

Stop Loss:1.2904



Tp1:1.2923

Tp2:1.2932

Tp3:1.2957









Sell AT:1.2904

Stop Loss:1.2918



Tp1:1.2900

Tp2:1.2891

Tp3:1.2866

Follow Till:1.2814



GBP/USD

Buy AT:1.5183

Stop Loss:1.5141



Tp1:1.5188

Tp2:1.5197

Tp3:1.5222

Follow Till:1.5279





Sell AT:1.5141

Stop Loss:1.5183



Tp1:1.5136

Tp2:1.5126

Tp3:1.5099

Follow…

GOLD: The commodity turned off its intra-day low at 1,338 level to close higher on Monday but continues to maintain its broader downside bias. This suggests on ending the mentioned recovery it should retarget the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and possibly lower. On the upside, GOLD will have to return above the 1,488.00 level to end its broader downside and then resume its recovery. Further out,  resistance is seen at the 1,590.40 level followed by the…

my trades.3 positions 1)sell limit at 1.2940 sl 1.2972 tp 1.2850...2) sell limit at 1.2965 sl 1.3022 tp 1.2800.....3) sell limit 1.3000 sl 1.3022 tp 1.2750..stoch daily looks oversold so breakout 1.3030 might change bearish tone.gu sell at this price with 1.5222 sl tp 1.5080/85...if break 1.5070 then definitely sell with tp 1.5035 where is important support

This is my scenario:

Deutsche Bank - "After a period in the doldrums, FX has spent the last 6 months front and centre, and the relative implied vols for different asset classes bear this out. DB’s CVIX 1m implied FX vol measure as a ratio of 1m implied Bond vol (the MOVE index) is up in the 99th percentile for the last 19 years. The CVIX1m / VIX ratio is in the 93rd percentile.

There is some sense that the Fed is an important part of this vol divergence. The Fed is squashing bond vol notably at both extremes…