24-Hour FX Targets

[Dave Floyd]

Updated PDF

I just clicked on the link and it worked fine, I posted it again below, maybe that will help.

Dave

The attached PDF is the most recent version and the best one to use.

Dave

 

[Dave Floyd]

Possible trade set-ups

A few charts of interest.....bear in mind these are some FX crosses that are not as widely followed as say EUR/USD and USD/JPY - however, this should have little relevance as the technical merits are solid. I tend to favor crosses when the dollar and the majors get whippy and volatile.

Dave

 

[Dave Floyd]

Asian FX Preview

Asian FX Preview:

USD/CHF - struggling with fib resistance at 1.2235 but still may be able to overcome that level provided the dollar stays firm and prices do not drop below 1.2165-85. Target price is seen at 1.2295

GBP/USD - while this trade outlook goes against the prevailing trend (down) there is some justification for looking for a long entry (picking the bottom) at current prices - 1.8566. Note the support level at 1.8535 that has held a few times in recent days. Secondly, the daily chart is also coming into some fib support in the same area that should trace out wave 4 of a 5 wave sequence. Granted, this trade is a lower probability trade than others but one worth nibbling at.

 

[Dave Floyd]

AUD/USD Technical Snapshot

60-min AUD/USD chart.....

 

[Dave Floyd]

Monday's Targets & Levels

see attached file....

 

[Dave Floyd]

Eur/chf

EUR/CHF:

A break of a key weekly support level at 1.5540 is likely to set the stage for prices to move lower.

We would look to short a bounce back into the 1.5530 level with a stop-loss at 1.5565. Prices appear poised to trade as low as 1.5460

With global markets a bit shaken, EUR/CHF (short) may continue to be seen as the 'safe haven' trade.

Dave

 

[Dave Floyd]

Trade Idea

NZD/CHF has traded back towards intra-day resistance at .7690-.7700 and looks set to resume the push lower. See chart below:

Dave

 

[Dave Floyd]

Interesting charts

A couple of interesting charts and some comments:

1. We note that USD/JPY has sold off relative to move in DXC over the last 30-minutes or so. Like all divergences, either DXC will weaken or USD/JPY will snap back into a positive correlation with the dollar index (DXC)

2. There are two options for this trade, one for more conservative clients and one for more aggressive clients"

Short NZD/JPY at current levels (71.20) with a stop-loss at 71.55
Short NZD/JPY at current levels (71.20) with a stop-loss at 72.55

Dave

 

[Dave Floyd]

CAD/CHF Short>

Been doing some biz travel over the last week so did not get a chance to post.....

We are watching for a possible short in CAD/CHF and will advise accordingly. The chart below highlights our reasoning.

Dave

 

[Dave Floyd]

EUR/JPY Short?

EUR/JPY beginning to look interesting on the short side...

FX Desktop Ticker

Dave

 

[Dave Floyd]

EUR/SEK Short?

EUR/SEK - the fib support levels cited ealrier today (client research), 9.2345 and 9.2195, have been breached. We would expect that these levels will likely be re-tested and offer some suitable short entry points. We are still bearish on this cross.

The daily chart below is looking to confirm our short bias too....

FX Desktop Ticker

Dave

 

[Dave Floyd]

Wednesday's Targets & Levels

Wednesday's Targets & Levels.....

 

[Dave Floyd]

EUR/JPY Outlook

Dealers we speak to indicate good size stops above 145.85 on EUR/JPY - further, they indicate that these are stops on newly established trades, hence very little conviction presently givent that the stops are tight relative to entry point

Dave

 

[Dave Floyd]

Mid-Day FX Update

Slight change in format going forward (potentially) - I welcome and comments, feedback or suggestions. See pdf below.

Dave

 

[Dave Floyd]

Friday's Thoughts & Observations

see pdf file below

 

[Dave Floyd]

Correction

correct pdf file is below

 

[Dave Floyd]

Monday's Thoughts & Observations

see file below......

Dave

 

[Dave Floyd]

Monday's Thoughts & Observations

see attached pdf....

 

[Dave Floyd]

Mid-Day FX Thoughts

see attachment below

Dave

 

[Dave Floyd]

Mid-Day FX Update

Dollar Index - a confluence of fib resistance on DXC is seen at 84.86-92 - this should keep a lid on any counter-trend move higher after this mornings move lower. We still see 84.42 as the key level - a break of this should intensify dollar selling as it will represent a break of the .786 retracement of the 5/15 low & 7/19 high.


USD/CAD - seems poised to continue lower - the re-test & failure of the broken trend-line at 1.1175 a few minutes ago is a good sign.

Dave