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DailyFX Analysts Shorting Yen As Carry Outlook Improves

Posted 07-30-2008 at 11:53 AM by DailyFX Analyst Picks (Analyst Picks)
Analyst picks for: 2008/07/30
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Dollar strength expected at the beginning of this week is carrying over to the yen crosses as our analysts prepare for major event risk from the economic docket. Read on to see how we are setting up for the yen:

Antonio Sousa

My picks: Short EUR/JPY
Expertise: Interest Rate Dynamics, Volatility and Sentiment.
Average Time Frame of Trades: 1 week to 3 months

Terri Belkas

My picks: Long USD/JPY
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1-3 Days

David Rodriguez

My picks: CHF/JPY Long
Expertise: System Trading
Average...
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DailyFX Analysts Respond To Weakness In Both The Aussie And Kiwi Dollars

Posted 08-01-2008 at 11:42 AM by DailyFX Analyst Picks (Analyst Picks)
Analyst picks for: 2008/08/01
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Interest rate forecasts are quickly deteriorating for the high yielding Australian and New Zealand dollars. As the two currencies continue their plunge from recent record highs, DailyFX Analysts look to sustain the move. See what our Analysts are looking at below:


Antonio Sousa

My picks: Buy AUD/NZD
Expertise: Fundamentals, Interest Rate Dynamica, Volatility and Sentiment
Average Time Frame of Trades: 1 week - 3 months

Terri Belkas

My picks: Short EUR/USD
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1-3 Days


David Rodriguez...
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Forex Analysis, 4th of August, European Session

Posted 08-04-2008 at 02:05 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,5589. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5600. The downtrend should continue to gather momentum. => We could take a short position at 1,5590. We will put the stop loss above 1,5630 (-40 pips). The targets are 1,5530 (+60 pips) 1,5490 (+100 pips) 1,5400 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,5600 - 1,5625
Supports
1,5560
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Forex analysis, August 4th US session

Posted 08-04-2008 at 09:17 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,5575. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5600. The downtrend should continue to gather momentum. => We could take a short position at 1,5580. We will put the stop loss above 1,5610 (-30 pips). The targets are 1,5530 (+50 pips) 1,5490 (+90 pips) 1,5400 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5600 - 1,5625
Supports
1,5560
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