Burdman

Burdman Updated 

The strong correlation with oil trading price (which is about to fall) would lead to a decline in CAD prices. MACD divergence and long wicks pointing down further make this risk/reward appealing.

Burdman

Short- and long-term topping formations in addition to continued dollar strength presents a short opportunity. Also, the negative correlation with USDJPY, which has broken resistance to the upside, further endorse this trade.

Burdman Updated 

DXY has failed to move about 100 in the short term, setting up a potential fall to test support. Yen has been the strongest currency against the dollar allowing an entry here with optimal Risk-Reward. Likely test of last years low wick of ~116.00

Burdman

A bounce off strong support at 1.0815 has provided yet another short opportunity in the pair. Should play out by European session 1/14

Burdman Updated 

With the constant US dollar selling by the People's Bank of China, the euro has been a main beneficiary. However, market forces have returned and, keeping the rate below 1.09, maintain a bearish trend.

Burdman Updated 

CHF and EUR positive correlation has held up so far in 2016, opening the door far a long entry here. The only shocks to the downside would come from China devaluation/dollar selling overnight. With that considered, long at this breakout with three points of contact on support should show profits.

Burdman Updated 

The very short term reversal off 1.0750 has died out with flattening MACD reinforced by dropping volume. Short @ 1.0818 T1- 1.075 T2- 1.0725

Burdman

Since its high close to 1800, gold has been steadily gone down. The current level puts the yellow metal almost half of its peak and someone is betting big its the bottom. 1067 has shown to be the Alamo of gold traders: not away from danger but a standard for the rally point. Strength and gain in the face of a similar story for the dollar shows how forceful the...

Burdman

The ceiling of 100 has been a historically stubborn level. But looking at the same level on a longer horizon also shows the explosion of dollar strength above 100. The market only expects two rate hikes in 2016 despite the Fed dot plot estimating four. The market has not begun to factor in additional moves and other fundamental features that are dollar positive...

Burdman

With the technical validation of the fundamental environment, it appears the new range for EURUSD is 1.08 to 1.055 The continuous slide of USDJPY without follow-through in the dollar lends itself to the conclusion of winding down long positions in USDJPY lacking the apparent short in dollar alone. The prevailing rhetoric is "safe haven" seeking, that leads to the...