Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Analyst Picks

Forex Analyst Picks & Strategies for

Next Release is at 08:00 EST
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

Today's Forex Trading Tips & Ideas

SCALPING REPORT
Friday, 18 April 2014 16:05 GMT | Daily |
RSS
A detailed report offering levels on pairs with favorable scalping opportunities. Scalping is a short term trading strategy that looks to benefit from intra-day volatility.

Key Risks to EUR, NZD, GBPAUD Scalp Setups

A recap of this week’s highlighted setups and updated targets heading into next week.
MORNING SLICES
Thursday, 19 December 2013 11:45 GMT | Daily |
RSS
An early morning update, with news, forex analysis, technicals, and a daily trade.

US Dollar Pushes to New December Highs on Fed QE3 Taper - Now What?

The US Dollar jumped to fresh December high after the Federal Reserve tapered QE3 by $10B/month. However, US yields aren’t taking the tapering as a sign of tightening policy.
TRADING THE NEWS
Thursday, 17 April 2014 07:00 GMT | Daily |
RSS
A detailed report on today's most-expected news release. DailyFX analysts review the expectations, recent history, and how to trade it.

USD/CAD Risks Larger Pullback on Faster Canada Headline & Core CPI

The USD/CAD may face a larger pullback ahead of the holiday weekend as a rebound in Canada CPI limits the BoC’s scope to further embark on its easing cycle.
PAIRS TO RANGE TRADE
Thursday, 17 April 2014 15:45 GMT | Daily |
RSS
Every day our analysts give you an actionable range trading opportunity.

Price & Time: Downside Break on the Horizon in USD/JPY?

Key cyclical turning point this week

Latest Topics in the Forex Trading Forums

Elliott Wave Trading Discussi...
by FXO
Today at 21:12
Chart of the Day
by Robert at DailyFX
Today at 19:41
EURUSD H1 2013
by Gregory McLeod
Today at 17:41
GBP and JPY Pairs H1 2013
by Gregory McLeod
Today at 17:41
Currency Central Bank Rate Overnight 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 0.0 0.0
USD/JPY -0.08 0.04
GBP/USD 0.0 0.0
USD/CHF 0.0 0.0
EUR/CHF 0.0 0.0
AUD/USD 0.0 0.0
USD/CAD 0.14 -0.32
NZD/USD 0.0 0.0
EUR/GBP 0.0 0.0
EUR/JPY 0.0 0.0
GBP/JPY 0.0 0.0
CHF/JPY 0.0 0.0
Rates shown are the expected rolls in USD for holding one 10k lot today on a typical FXCM Standard account.