JamesHelliwell

JamesHelliwell Updated 

Long the US dollar over a minimum 9-12 month horizon/b] Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback. Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields....

JamesHelliwell

USDJPY has completed an initial move from the 50% retracement level of the 2011 - 2015 rally and now faces resistance at 106.65 (38%) Whilst momentum oscillators were previously oversold on both weekly and daily intervals, and are far from overbought in terms of the RSI, one might expect sellers to return around this level. A sustained break above 106.65...

JamesHelliwell Updated 

A huge inverse H&S formation has formed on the weekly chart of AUDNZD with a successful upside break of the 1.1280 neckline targeting a measured move to the long term 62% Fibonacci retracement level at 1.2345 With the Australian dollar gaining strength from what appeared to be a failed attempt at forming this potentially bullish pattern earlier this year, and...

JamesHelliwell Updated 

Target 2.9889

JamesHelliwell Updated 

Intraday retracement of Friday's risk off move

JamesHelliwell Updated 

Nintendo shares could add a further 60% from current levels if the speculative mania continues. Augmented Reality game that allows players to interact with real-world surroundings via their smartphone with a theme built around the Pokémon brand Released 6th June 2016 in Asia, the game has seen more users downloads than dating app Tinder, and it's...

JamesHelliwell Updated 

USDCNH may be due for a correction towards 6.60. The Yuan has weakened to 6.70 per dollar and the pair appears overbought on a weekly and daily basis. Having failed to provide a confirmatory close above this key level, we may see a correction towards the 38% Fibonacci retracement level standing at 6.6056 In the meantime, the highly correlated Dim Sum bond ETF...

JamesHelliwell Updated 

The 1327 retracement level has been breached today following the sustained bounce in 10 year yields. Although the market is looking oversold intraday, I expect the correction to continue to potentially as low as 1297 before becoming attractive again from the long side. I remain bullish on gold medium and long term (as I have been all year) with a year-end price...

JamesHelliwell Updated 

GBP rallied over 1.7% today after the BoE surprised the market by not cutting interest rates (priced at an 87% probability!) Sterling rallied sharply on the news, well above the 23.6% BREXIT retracement level at 1.3317 which had previously acted as key resistance. Whilst longs were given another opportunity to get long at 1.3292 intraday (slightly in the money...