Tall_Short

Tall_Short

Recently (over the past 6 month the NZD has been gaining against the CAD in JPY terms. As the NZD/CAD are a relatively highly correlated pair with the JPY a crossover should be expected in the future. From a technical point of view, NZD/CAD is showing signs of slowing upwards momentum (refer to the one day chart), and even with weak economic data coming from...

Tall_Short

The idea behind this trade (sell GBP/JPY) is based on a trend continuation strategy paired with the use of correlation. GBP has been in a long-term downtrend against JPY, whilst the Yen has been relatively strong. The area circled in black, shows the defining areas of the market based on price action, and as one can see whilst there has been recent GBP strength,...