Category Archives: Majors

11 Oct: Forecast: FX: US$/Majors

  Apologies for the delay today. We had server problems that meant the website was down for a few hours. Some of the previous session highs/lows are marginally out of date now that Asia has got up and running but most are generally intact. EURUSD: 1.1803 Preferred Strategy:  The US$ has been under steady downside pressure through much… Read More »

10 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1740 Preferred Strategy:  It is all rather neutral at the start of Tuesday trade so a nimble stance is required. The dailies do still point lower although they need to see some directional move soon as they will otherwise run out of steam and then further choppy trade could be in store. Given the lack of… Read More »

10 Oct: Forecast: Stock Indices, Commodities + Trade Ideas

  S&P: 2543 Preferred Strategy: Another day, another all-time high although the S+P ended a little lower in thin, holiday trade. The slow grind higher seems set to continue but I prefer to stand aside. Neutral. 24 Hour: Mildly bullish Medium Term: Neutral Resistance Support 2570 Minor 2541 6 Oct low 2565 Minor 2534 5 Oct low 2560… Read More »

9 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1733 Preferred Strategy:  While the short term momentum indicators are now suggesting the chance of a near term recovery for the Euro, the longer term charts are still hinting at lower levels ahead. A US holiday today may dampen enthusiasm to get too involved but the political situation in Spain may cap any upside momentum.  In… Read More »

6 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1709 Preferred Strategy:  All will depend on today’s NFP outcome but the momentum appears to be building in favour of a stronger dollar and I prefer to remain short of the Euro, looking for an eventual head/shoulder target of 1.1560. The short term momentum indicators also look heavy and I will be short heading into the… Read More »

5 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1763 Preferred Strategy:  The short term momentum indicators  still look mildly positive today so the downside momentum that is building in the dailies appears to be on hold for now, and that will probably remain the case until the US employment report when a decent number will be needed to propel the dollar higher. If not,… Read More »

4 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1742 Preferred Strategy:  The short term momentum indicators look a little more positive today so the downside momentum that is building in the dailies looks to be on hold for the coming session. A squeeze back towards 1.1800 would not surprise, but selling rallies remains the preferred strategy. Sell EurUsd @ 1.1800. SL @ 1.1840, TP… Read More »

3 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1734 Preferred Strategy: While we may need some short term consolidation, the dailies are looking heavy and selling rallies is preferred. Sell EurUsd @ 1.1780. SL @ 1.1820, TP @ 1.1650. 24 Hour: Neutral – Prefer to sell rallies Medium Term: Prefer to sell rallies Resistance Support 1.1860 26 Sept high / (50% of 1.2005/1.1716) 1.1729… Read More »

29 Sept: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1783 Preferred Strategy: As with yesterday, while I prefer to retain a medium term short position because of the bearish look of the daily charts, the short term momentum indicators do point to the chance of a continuation of the current minor recovery, so I would not be surprised to see a bit more of a… Read More »