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FX Weekly Report 010618 THE TRADERS CLUB WEEKLY FX REPORT: 01/06/18 CONTENTS: Week in the markets P.3 FX Majors Traded Pairs Summary P.4 FX Technical Levels P.5 FX Majors Heikin Ashi Daily charts + Ichimoku P.6 US Dollar Index Watch P.7 FX Majors Currency Strength P.8 FOREX Currency Strength Indicator P.9 Sterling Watch P.10 FX Major Charts P.11 FX Emerging Markets Charts P.12 FX Big Impact News P.13 Cryptocurrency Analysis P.14 Week in the markets: Currencies: • FX world is becoming a little bit messy! Emerging Markets are all over the place, especially Turkey. The Eurozone looks like its revisiting 2012 all over again – concerns in Italy, Spain are raising the red flag once more. Then you have Trump and his trade wars added into the mix. All in all, tricky trading conditions! • JPY, USD holding strength. • EUR, GBP, NZD – weakest of the majors but putting in some strength gains. • CHF – a safe haven play getting stronger? • Commodity currencies CAD, AUD neutral. Cryptocurrencies: Bearishness holding sway but taking a break? Most cryptos establishing a base to either continue downward march or reverse existing trends. Scheduled news events: Other than the geopolitical games being played out currently, a quietish week ahead? Highlights: Australian interest rates Tuesday, early hours – rates expected to stay the same at 1.5%. FX Major Traded Pairs Summary: FX Technical Levels: Info: Levels are based on Fibonacci, Ichimoku and other technical tools to create a guide for support and resistance areas. Key: S1 = next short technical level etc, L1 = next long technical level etc. built around the current price. R/R = Risk Reward either going long or short based on current price and stops / target at L1 and S1 Longer term trend = determined from daily & weekly charts FX Majors Heikin Ashi Daily charts + Ichimoku: US Dollar Index Watch: US Dollar Index Daily Chart: How to use: The US Dollar index is a basket of key currencies against the USD. The Index gives a good guide to the strength or weakness of the USD versus these other currencies. (JPY,CAD,GBP, SEK,CHF,EUR). NB. It can also be traded as a futures contract. Comment: Bulls back in charge in the short term? Nudged other side of 93 area – can it hold? FX Majors Currency Strength: Weak Neutral Strong NZD, AUD, GBP, CHF, USD, EUR, CAD, JPY, How to use: Data is based off weekly and daily currency strength quantitative analysis to present a ‘feel’ for the longer term sentiment (over the week ahead) strength and weakness levels in the major currencies. Currency Strength Indicator: Key: How to use: To compliment the FX Majors Currency Strength page, the indicator gives a historical and graphical perspective on a currencies strength. Based on the 4hr charts, allowing the user to ascertain trends, change in trends and pockets of support and resistance in these currencies. Sterling Watch: Pound still looking weak…. How to use: These are all 4hr Heikin Ashi charts over the last month to gauge an opinion on the strength of the GBP versus the other major currencies. The key to this analysis is to try and see if GBP is generally strong or weak across the 8 pairs to give you a clue for the overall health and possible direction of GBP. FX Major Charts : Charts of interest this week – the longer term view: GBPUSD daily chart: GBPUSD: Pound with the Euro looking like one of the weaker currencies at the moment, and that has been playing out versus the US Dollar recently. So many variables at play on Sterling – UK economy results, Brexit, Eurozone, Trade Wars, Geopolitics. Broken key resistance? Next target down 1.2937 then 1.244? Momentum in the very short term looking more bullish though? (GBPUSD can be found on FxPro and Core Spreads) FX Emerging Markets Charts: Charts of interest this week – the longer term view: EURTRY: EURTRY: staying with Turkey to see how the crisis over there is playing out through the charts. On the bounce from Fibonacci levels at 5.1969. Momentum mixed though so suggesting further directional volatility? Upside targets highs at 5.63? Downsides 5.16 then 5.04? (EURTRY can be found on FxPro) FX Big Impact News: How to use: About Economic News: Each week major economic news comes out from around the globe that can have a serious impact on the currency markets. The most important news (in our opinion) is listed here………….. Cryptocurrency Analysis: Bitcoin basing or creating a bearish continuation wedge? Also a similar situation playing out in Litecoin and Ripple? Ether in downward band range? Author: Stephen Hoad, The STOP HUNTER Stephen Hoad has worked in the City of London for nearly twenty years. He has worked for some of the top Investment Banks and Trading Houses, in a career that has taken him from global risk management (front office, market, quantitative), to successful commodities options trader, to own account proprietary trader. His professional experience in the world of trading and risk management is vast and he has extensive knowledge of financial markets, especially in the fields of Commodities, FX and Equities. He has a strong quantitative background and is a qualified Technical Analyst – he is on the elite panel of lectures teaching the STA Diploma in Technical Analysis. He also holds If you’d like to get in touch or require any an MSc in Financial Markets & Derivatives and a BA (Hons) in Business & further information please contact us at: Economics. His career has taken him worldwide and he has lectured in London, the Far East and the USA. w: www.thestophunter.co.uk t: 01304 809400 He is a leading expert in technical analysis, systematic/automated trading, e: [email protected] derivatives products, financial and quantitative theory, risk management and regulatory practices. He also has experience of dealing and trading with China. For real-time market news, charts & much more follow us on Twitter: He founded THE STOP HUNTER in February 2015, which provides @thestophunt3r quality education, training, mentoring and resources to private investors throughout Kent, London and the South East, who want to learn how to successfully trade the financial markets. He also trades from his offices in Canterbury, Kent. Stephen also undertakes consultancy work in the City and is also a part-time University lecturer. Disclaimer: All rights reserved. This document may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system in part or in whole without the express written permission of The Stop Hunter Ltd; except where permitted by law. This document is intended solely for use by the individual recipient (Traders Club Member). It may not be reproduced or distributed for corporate purposes or personal gain without the express written permission of The Stop Hunter Ltd. Commentaries, information and other materials contained in any part of this document are purely educational in nature and are not intended to amount to advice on which reliance should be placed. They should not be relied upon for the purpose of effecting securities transactions or other investing strategies, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. We therefore disclaim all liability and responsibility arising from any reliance placed on any information displayed in this document (including without limitation liability and responsibility for any investment decision made), or by anyone who may be informed of any of its contents. Trading and investing involves a very high degree of risk. Past results are not indicative of future returns and financial instruments can go down as well as up resulting in you receiving less than you invested. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment..
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