Technical Analysis

Brazilian Real: USD/BRL Outlook

Brazil will not take more measures to depreciate the Real The Brazilian government does not plan to further push down the exchange rate of the Brazilian Real against the USD, a senior Finance Ministry official said Friday. Nelson Barbosa, a deputy Finance Minister, said that the current exchange rate, which is at about 1.80 Reais [...]

EUR/USD Outlook

EUR/USD Recovers, targets more Northside strength EUR-USD; while the EUR may be biased to the Northside in the near term, it will have to break, and hold above the 1.3286-8 levels to trigger any further upside IMO. Further out though, a break here will cause the up-trend to resume, and call for a drive towards its 2 [...]

GBP/USD Outlook

For almost 2 months the GBP/USD has traded sideways, last week registered the biggest weekly sterling advance over this period. UK government bonds continue to attract investor interest and sterling advanced against all of its major counterparts. The positive effect of not being a member of the euro currency block is has offered some opportunity [...]

EUR/USD Trading

The EUR-USD fell sharply after the Double Top, and now approaches an important support cluster seen in the 4-H chart. At about 1.3165, is the 61.8% retracement of the 1.2970-1.3482 Bull Run in 2-H of February. Slightly lower is a rising trend line that connects the 1.2970 low with January’s low of 1.2620. The 4-H [...]

Shayne Heffernan on Ichimoku Kinko Hyo

Economist Shayne Heffernan on Ichimoku Kinko Hyo This is one of my primary charting tools when trading Metals, Oil and FX. Ichimoku Kinko Hyo is a multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, [...]

Read More » No comment February 22, 2012

Euro – US Dollar EUR/USD Trading Outlook

EUR-USD – 1.3240 Most recent candlesticks pattern : N/A Trend : Near term up Tenkan-Sen level :1.3245 Kijun-Sen level :1.3240 Ichimoku cloud top :1.3219 Ichimoku cloud bottom :1.3126 Original strategy : Buy at 1.3135, Target: 1.3260, Stop: 1.3100 New strategy : Buy at 1.3135, Target: 1.3260, Stop: 1.3100 As EUR has retreated after intra-day [...]

Read More » No comment February 22, 2012

US Dollar – Japanese Yen USD/JPY Technical Outlook

As predicted on Friday by Economist Shayne Heffernan the USD/JPY peaked in afternoon trade in Asia and has reversed. Currently the USD/JPY is looking to head towards 78 in the mid-term. Last week the BoJ announced it will increase its asset purchasing programme by ¥10 trillion (£82 billion) to ¥65 trillion, while taking a firmer [...]

Read More » No comment February 20, 2012

Shayne Heffernan on Trading with Candlestick Patterns

Shayne Heffernan’s 10 Best Candlestick Patterns to Trade There is a wealth of information available online and in Bookstores that will teach you the details of using Candlesticks as indicators. The following are 10 candlestick patterns that have in my own experience produced consistent results. These will work better when you understand what is happening [...]

Read More » No comment February 19, 2012

EUR/USD Bullish Continuation Scenario

EUR-USD pair attacks the counter-trend trend-line Despite breaking below some Key support at 1.3020 and the psych pivot at 1.30, the EUR-USD is now looking at a Bullish continuation scenario. The bounce from 1.2974 was very sharp in the 16 February US session, and has followed through in the Asian and European session. As Friday’s [...]

Read More » No comment February 19, 2012

AUD/USD Trading Charts and Outlook

Australia’s currency climbed after the nation’s statistics bureau said payrolls increased by 46,300 last month, the most since November 2010. The median estimate of a gain of 10,000 jobs. The unemployment rate slid to 5.1 percent, whereas analysts had forecast an increase to 5.3 percent. Fueled by demand for resources an eventual upside break out [...]

Read More » No comment February 18, 2012

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …