Tag Archives: Aud/Usd
Risk Trades…MCP…Aussie Dollar
Resistance in the Aussie is definable…107-107.22 AUD/USD …Long Aussie = Long Equities… Shorter Term traders should be trying the short side of the Aussie here with a tight stop. MCP.. a close above 30.45 is needed for an ORH week…this … Continue reading
A.M. Look 1/26/12
Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading
A.M. Look 1/25/12
The levels we’ve been using this week have not changed. Currencies…it’s the Yen crosses which have been the feature. EUR/JPY, AUD/JPY looking a little tired on the daily charts. Bunds…show a double bottom on the daily @ 137.18. OIL…98.15 is … Continue reading
Yen…EUR/JPY…AUD/USD
Yen…128.35-45 H Futures is where the first bounce can come from. This is an exit zone the first time down. Sustained price action and a close under this area, will lead to a whole new swing down in the Yen. … Continue reading
Making the Most of A.M. Look
Utilization…Playing the lotto with Tgt’s…the more the merrier. Early yesterday we were focused on the Equity/Bond spreads both here and in Europe. In the first half hour of NYSE trading we saw tgt levels get hit in the SPU,30 Yr … Continue reading
A.M. Look 1/23/12
The moves over the past couple of trading days have been run off SPU/BONDS and DAX/BUND. The sell off in the Bond markets have been keeping the equities buoyant. Watch the price action in the Bond markets for clues to … Continue reading
Aussie…FXA
Wonders never cease! We’re filled on selling our long FXA which over ran the straight cash level by 20 ticks. Those of you in the futures ( 104.30 H ) or cash 104.85-95 AUD/USD..take your money any where near these levels.
Stops
MOO…49.95 Stop Close XLE…..70.40 stop Close DIG… OCO “One cancels the other” sell @ 47.40 or 46.15 stop FXA…OCO…sell @ 104.85 or 103.75 stop OCO orders are designed to take profits at a desired level while leaving a trailing protective … Continue reading
A.M. Look 1/20/12
ORH…Outside Reversal Higher…price positive pattern SLB…71.45 BTU…37.55 HAL…36.71..(shows a double top and a double bottom on the weekly…whichever way it breaks out) Euro…128.81 EUR/JPY…98.85 TBT…19.28 ORL…Outside Reversal Lower…price negative pattern 30 yr…. 142.01 Bund…138.43 TLT….117.68 ( this has a weekly … Continue reading
A.M. Look 1/19/12
Euro…128.81 will be the level to monitor for direction over the next 2 days. A close tomorrow is needed over 128.81 for an “ORH” week. It’s worth keeping an eye on this level to determine whether the Euro remains weak on the … Continue reading