USD/CHF has ripped higher on a wave of Trump euphoria (somewhat against popular expectation) and the critical parity level has been taken out. In the immediate aftermath of the US Elections this pair fell to .9551 but since then has channeled higher and hit 1.0117 overnight.
Prices are now looking extremely ...
The EUR is falling across the board so we at Carleton Capital expect to see EUR/CAD reach these levels sometime this week.
We shall go LONG from double pivot support and fib level from 1.4360 area.
With support coming in anywhere between 1.4342 and 1.4390 we cannot be too precise about our entry until we get down ...
On the 25th October USD/CHF almost touched parity but ultimatley failed and fell away 500 pips.
We feel that with conditions moving into overbought, there is a high probability that we may see the BEARS enter the market in sufficient numbers to drive the price down should we hit parity this week.
The area 30 ...
Carleton Capitals algorithms are still flagging EUR/GBP as a SHORT trade. Trying to SHORT this pair has been testing with the technicals saying SELL butb with the markets dumping the GBP at every opportunity.
We feel taking another stab at this trade is worth while with the RSI weakening.
SHORT EUR/GBP from .9041 ...
The trend line shown on the daily time frame is currently supporting the S&P's move north.
2128 looks key.
Should we see a move south of this mark it may be time to try selling this market which is looking ready for a significant shift to the south - most likely to support at 2070 area where the 200 sma lies.
With the FTSE putting in a new high today, its compelling to try a SHORT from these levels.
We at Carleton Capital are SHORT from 7100 with an open target and a STOP above the record high at 7135.
Its a tough task to call a top in any market and with continued accommodation from the Bank of England and with ...
On the daily the last 3 candles have been doji indecision candles. RSI on the daily time frame is currently over 82 and on H4 71 and falling.
EUR BULLS are under pressure and EUR/USD is declining rapidly.
Risk reward on any EUR/GBP SHORTs is massive once we start heading south.
SHORT here (.9040) with a STOP at ...
Carleton Capitals Trade of the Week is, to be honest, the best we can find out of a bad bunch.
The GBP flash crash last week has left our GBP algorithm somewhat in no mans land whilst we wait for RSI levels to adjust following deep oversold conditions on all GBP pairs (overbought on EUR/GBP obviously).
With Monday ...
At 8:15 this morning our EUR algorithm suggested a LONG trade on EUR/USD.
Supporting this trade are a strong reversal candle on H1 and RSI on H1 moving from oversold back north.
Our STOP is under the support at beneath Fridays low at 1.1153.
Target is yesterday's low initially at 1.1204
The recent GBP Manufacturing PMI numbers came in above expectation and this may be enough to give sterling a boost for a session or two though the overall picture remains gloomy for GBP BULLS.
Oversold conditions on the lower time frames suggest we could see a bounce here though any moves north are likely to be ...
With the GBP Current Account numbers impressively beating expectation, a SHORT EUR/GBP trade from these levels may be rewarded. As can be seen from the chart the 200 sma has been broken and a close below this level would suggest we're headed lower. STOP is at .8673 which is yesterdays high.
GOLD and SILVER have sold off aggressively over the last few hours and we are deep into oversold territory on both the metals but both are showing signs of recovery. SILVER is being supported by the WS1 pivot and GOLD by the 200 sma. We at Carleton Capital are LONG SILVER from 10.04 with a tight STOP at ...
The AUD/JPY is approaching an area of support so we need to look at the lower time frames to see if we can find an entry.
Looking at the H1 time frame the area between 76.27 and 76.16 looks interesting.
We at Carleton Capital will go LONG AUD/JPY from 76.16 with a STOP below the recent low at 75.94
Its difficult to see where GOLD can go over the next few months (and years) other than up. We at Carleton Capital are in this trade at 1311 (see Technical Case for Gold 19th September).
I shall be posting an artricle about why Carleton Capital are heavily BULLISH on GOLD at a later date but from a technical and ...