50 Fib retracement of the up move is 1.9485. 1.95 may also be a good target as it's a nice round number.

Daily Cable Analysis

So I look for a good entry point on the hourlies. The 50 Fib of today's down move looks like a good entry point. Also good from a money management perspective because you can have a roughly even stop loss and take profit level.

Daily Cable Analysis

I prefer to KISS (Keep It Simple, Stupid). I look for swing reversals on the 4 hour charts. Today's rejection of the down trend line signals a swing reversal has started. Target is at least the 50 Fib of the move up.

Daily Cable Analysis

For swing traders today looks like the start of a down trend that could take us back towards the 1.93 area. The 50 Fib of today's move down is 1.9650 which is also a nice round number so would make an excellent shorting opportunity.

Daily Cable Analysis

It came out at 3%. 1.97 strongly rejected and it now becomes resistance. I'd still like to see 1.975 for a short but we'll see what happens when it retests 1.97. A break lower looks more likely right now.

Daily Cable Analysis

With Cable you usually find that where price is between a recent high and recent low (not making new highs or lows) then Fibonacci is the best support and resistance and if that breaks then the recent high or low becomes the best support or ...

Daily Cable Analysis

London still hasn't woken up to the headlines that 3% CPI is expected. There's more up room to go.

Daily Cable Analysis

2% is their target so they were right to increase rates whether inflation was 2.8% or 3.2%. There's no chance of a rate cut any time this year.

Daily Cable Analysis

Expectations are now of a 3% rise so it would take more than that to push cable up. Ideally I'd like to see 1.975 resistance hold before initiating a short. If it doesn't hold then 1.985 is the next target.

Daily Cable Analysis

Those "in the know" are obviously a minority so their buying/selling power is obviously going to be outweighed by those not "in the know". I have in fact researched the whole issue and can confirm that it's nonsense. I'm being harsh to save you from ...

Daily Cable Analysis

Sorry but the whole idea is a nonsense and this is a serious thread so perhaps you should take your idea to your own thread. For a start there's no guarantee that the buying/selling pressure from those "in the know" is going to be so great that that ...

Daily Cable Analysis

So every time it moves up 30 minutes before a news release you buy and everytime it moves down you sell? That's a great way to lose money. Of course rumours float around but a lot of that is misinformation from people trying to get out of a bad ...

Daily Cable Analysis

Inflation figures are expected to surprise to the upside (3%) or more so that should provide an excellent selling opportunity. Could spike up sharply to 1.975 resistance before the big fall.

Daily Cable Analysis

If you look at what daily chart? For EUR/USD most bull candles are followed by another but for USD/CHF most bull candles are not followed by another. That's because we've been in an anti-dollar trend over the past year. That's great if you're ...

The Daily charts are KEY

At the very least there will be a short term bounce off the 61.8 level (like the short term term bounce off the 50 level) so we can safely take that trade with little risk and wait for a follow through (should be at least 50 pips in that trade) or ...

Daily Cable Analysis

Your stop was hit?

"Some positions were closed due to StopOut"

All the arguments like "low oil prices are good for the dollar because they're good for the US economy" are invalid because low oil prices are good for every developed country except maybe Canada and Norway (oil exporters). So yes it may be good for ...

Are low oil prices good for the dollar?

Looks like the start of something big. Rejection of 61.8 fib - time for a big move down. Expected strong US retail sales should support the dollar.

Daily Cable Analysis

That's not necessarily true because Japan imports a higher percentage of its oil than anyone but their currecny is weakening. High oil prices over the past 2 years have been completely fake - nothing to do with supply and demand. A bunch of hedge ...

Are low oil prices good for the dollar?