This correlation trade can be taken as a swing trade to capture a bulk of the dislocation or it can be taken as a scalp trade. Either way proper money management must be used as USDJPY is about 15% more volatile than EURJPY. As you can see the spread between these two is approximately 1,300 Pips, the widest since April of 2015. The trade would be Short USDJPY &...
Keep an eye on this correlation setup over the coming days and weeks. The correlation is falling apart between AUDCAD & NZDCAD as you can see in the box on the right. You will notice the left box, when the spread got to approximately 400 Pips the correlation began to return, handing those in the trade a great return. The spread is currently approximately 200...
Hello Traders! We see the strength in USDJPY continuing as the Fed is fully behind their Hawkish tone. Although economic conditions have been very weak, in our opinion, the Fed is satisfied with the current rate of unemployment as well as inflation, their two main factors when looking at the economy and how interest will impact the future. Our research...
We advise you to watch for Institutions to step into EURJPY at lower levels. One to watch for sure during the next 12-18 hours. We suggest using a stop of 40 Pips. Profit target is completely up to you, try to gauge price action to determine your out.
For those of you who like to trade based off of Gartley patterns please take a look at EURJPY on the hourly chart. Yes I know Gartley is better utilized on the daily but if you're looking for a quick scalp trade this one may be just what you're looking for...
Looking at USDJPY, you can see what appears to be a very clear downtrend alongside a 200-DMA (currently at 109.20), Ichimoku Cloud, and Andrew’s Pitchfork (purple). The impressive move higher is still taking place within a larger downtrend, which the various indicators on the chart above show you. Of the three indicators, Ichimoku Cloud would be one of the first...
A nice correlation trade is setting up tonight between EURJPY & CHFJPY. The past week has created the largest uncorrelation between these two pairs over the past couple of months. Please be sure to use proper money management when trading correlation.
AUDJPY has been an overall downtrend on the 1 hour chart over the past couple of months. We suggest waiting for a rebound up near the 77.600 level before taking a short position. This entry will coincide with a resistance area as well as remain within the trend channel. Stops should be set between 78.200 - 78.500 while profit targets should be 76.500 - 77.000,...
Could be getting a nice correlation setup tonight between AUDJPY and NZDJPY. As the correlation widens the opportunity may present itself to initiate a position. If we get confirmation from our algorithm we will be announcing it on our trading floor.
NZDJPY could be getting ready to run higher after tonight's announcement by the Bank of Japan. The BoJ is suppose to increase their stimulus package and if they do by the amount which is expected or by more we should get a sell-off in the Yen pushing this pair higher. If it happens we will be looking to correlate the Long NZDJPY with a Short in AUDJPY which will...
Depending on the outcome of tomorrow's FOMC we could get a solid correlation setup between GBPUSD and GBPCHF. Of course we would need to correct setup along with our algorithm to trigger a trade.
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...
AUDJPY could be getting ready to rally once again. The long-term trend on the hourly chart is to the upside, if we get the proper setup we will be going Long AUDJPY and correlating it with a Short in NZDJPY. With proper money management while correlating these pairs it will present many opportunities to be a profitable trade. We can be dead wrong on the AUDJPY...
EURJPY could breakdown tonight with a close below our short-term uptrend line. If we get that close in conjunction with our proprietary price forecasting algorithm we will be taking EURJPY short along with a Long position in CHFJPY which will provide a correlation opportunity. By correlating EURJPY with CHFJPY we will be greatly reducing our directional risk...
AUDJPY may resume its uptrend tonight with a close above the short-term trendline. If this happens tonight with confluence from our proprietary price forecasting algorithm we will be initiating a Long position in AUDJPY which will be correlated with NZDJPY. This correlation, along with proper money management, will allow us to be profitable in many different...
USDJPY could be poised for a breakdown and resume it's longer-term trend. We will be waiting for a hourly close below the short-term trendline drawn on the chart as well as confirmation from our algorithm. If we take this trade we will be correlating it with CHFJPY, although proper money management must be put in place. For more information and to trade...
GBPNZD broke out of a descending triangle which dates back to April of 2013 and Sept of 2015. After the breakout we saw a nice retest of the downtrend and the support level of 2.07500 which the pair held like a champ. It may be a bit too late to chase this pair but it's compelling around these levels of 2.11000 for the only reason that this pair should see...