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Forex Analyst Picks & Strategies for

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Ilya Spivak RSS Twitter

Currency Strategist
Ilya Spivak

My Picks: Long USD/CAD, Short GBP/USD
Expertise: Global Macro
Average Time Frame of Trades: 1 week - 6 months

I entered long USD/CAD at 1.0935 and have now booked profit on half of the position at the initial target of 1.1017. The remainder of the trade will remain open, looking for a break above resistance in the 1.1017-47 area to expose 1.1116. The stop-loss has been trailed to the breakeven level (1.0935).

I also sold GBP/USD, setting a stop-loss to be activated on a daily close above 1.6822. Profit on half of the position will be booked and the stop-loss trailed to the breakeven level (1.6789) once prices hit 1.6751. The remainder of the trade left to develop with subsequent downside momentum.

Trading Log

Symbol Direction Status Entry Stop Target Date Analyst

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Currency Central Bank Rate
aud
2.50%
nzd
2.75%
eur
0.25%
cad
1.00%
gbp
0.50%
usd
0.25%
chf
0.00%
jpy
0.10%
Symbol Roll S Roll B
EUR/USD -0.03 0.0
USD/JPY -0.24 0.12
GBP/USD -0.45 0.21
USD/CHF -0.24 0.12
EUR/CHF -0.39 0.18
AUD/USD -3.44 1.6
USD/CAD 0.42 -0.96
NZD/USD -3.84 1.8
EUR/GBP 0.18 -0.48
EUR/JPY -0.39 0.18
GBP/JPY -0.99 0.45
CHF/JPY -0.03 -0.03
Rates shown are the expected rolls in USD for holding one 10k lot today on a typical FXCM Standard account.