Archive | forex

British Pound Futures, August 9, 2013

British Pound – Another Bearish set up

The Cable bounced off the bottom of the trading channel and since the first few days August has appreciated 2.6% to lift futures to the upper end of the channel. As one can see futures have stalled at around the same levels that served as resistance in April/May just under $1.5600(horizontal red line). Stochastics are […]

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Japanese Yen Futures

Japanese Yen – From par to $1.0350…

For the last two weeks the Yen has been range bound dancing on both sides of par (1.0000). Futures as of this post are consolidating around all the major MAs I use in my FX trading as seen on the daily chart below. My interpretation is we are taking a breath before jumping higher in […]

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Canadian Dollar Futures - CAD - Loonie

CAD – The Loonie has a Broken Wing

I hate to date myself here but as a young man I was very fond of the video game duck hunt- a “classic” shooting game for the first version of Nintendo. Just as those birds fell from the sky I think the Loonie short term is headed south. Most followers are aware I have been […]

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Commodity currencies charts, July 20, 2013

The Commodity currencies not out of the woods yet

Energy: Crude oil finished higher for the fourth consecutive week trading within pennies of the $109/barrel level. It looks like an overstretched rubber band in my eyes that should snap back very soon. Those willing to accept a little risk are advised to buy September $100 put options…currently near $500 per. It is apparent I […]

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US Dollar Index Daily chart, July 14, 2013 for the Option Queen Letter

Option Queen Letter

The US Dollar Index has been out of control, spending its weekly pay check at Bloomingdales, the jewelers and auctions in a fit of absolute manic elation, and on the other hand, and locking itself in a dark room full of despair, confined to an unproductive self-loathing stupor. You guessed it; the US Dollar Index […]

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U.S Dollar Index Weekly, July 11, 2013

The Greenback from Two Viewpoints

A very interesting last 30 days…let’s look at the weekly and daily charts on the Almighty Buck. Let me get this straight the greenback rallied on speculation that a rate hike may happen sooner rather than later; higher rates should equate to a stronger dollar. Yesterday Bernanke set the market straight verbalizing that not so […]

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Return of the Yen Carry Trade

The revival of the Yen Carry Trade is yet again the talk of the town. With Yen hovering around 100 per USD, pretty much the same as of pre 2008 market crash, the discussion about Yen carry trade is catching up fast. The immediate triggers for this heightened interest in the Yen carry trade are […]

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Swiss Franc, Play a Retracement

Since putting in a bottom on 5/22 at 1.0186 the Swiss franc has appreciated 6.5%…as of last week lifting futures to four month highs. I am operating under the influence an interim high way reached last week at 1.0962. Let the Fibonacci levels on the chart below guide you on this trade as I am […]

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