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DailyFX Home /
Analyst Picks
Forex Analyst Picks & Strategies for
Next Release is at 08:00 EST
My Picks: Stay Short GBPUSD |
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I entered short GBPUSD at 1.5533. Prices have now met my second objective to test the 38.2% Fibonacci expansion at 1.5029. I will continue to hold short, looking for a daily close below this barrier to expose the 50% level at 1.4850. The stop-loss has been revised to trigger on a close above 1.5322, the May 16 swing high. |
Trading Log
| Symbol | Direction | Status | Entry | Stop | Target | Date | Analyst |
|---|---|---|---|---|---|---|---|
| GBP/USD | short | ACTIVE | 1.5533 | close > 1.5533 | below 1.5195 | 05/03/13 | Ilya |
| USD/CHF | long | ACTIVE | 0.9660 | 0.9715 (1/2 Closed at 0.9750 for +90) | >0.9750 | 05/21/13 | Christopher |
Today's Forex Trading Tips & Ideas
SCALPING REPORT
Tuesday, 21 May 2013 19:20 GMT | Daily | 
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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.
GBPUSD Triggers 1.5127 Target- Cautiously Bearish Below 1.53
The pound has now achieved the third objective cited last week and the risk of a near-term pullback has our scalp bias at risk above 1.5127. Here are the key levels.MORNING SLICES
Thursday, 23 May 2013 11:14 GMT | Daily | RSS
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An early morning update, with news, forex analysis, technicals, and a daily trade.
USD/JPY Takes Biggest Plunge in Three Years After Nikkei Bubble Bursts
Despite a decline of more than -7%, Japanese policymakers insist that stocks aren’t in a bubble.TRADING THE NEWS
Wednesday, 22 May 2013 02:00 GMT | Daily | RSS
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A detailed report on today's most-expected news release. DailyFX analysts review the expectations, recent history, and how to trade it.
GBP/USD- Trading the Bank of England (BoE) Minutes
The Bank of England (BoE) Minutes could be a game-changer for the British Pound as market participants weigh the outlook for monetary policy.PAIRS TO RANGE TRADE
Thursday, 16 May 2013 17:05 GMT | Daily | RSS
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Every day our analysts give you an actionable range trading opportunity.
Analysis: Downtrend Resumption in EUR/GBP?
Trading the cycle turn in EUR/GBPLatest Topics in the Forex Trading Forums
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EURUSD H1 2013 by MOZI32 Today at 01:16 |
The Purely Technical EUR/USD ... by elmarakby Today at 00:05 |
The Purely Technical EUR/USD ... by JavaIndoTrader Today at 00:03 |
Elliott Wave Trading Discussi... by turmaz Yesterday at 22:46 |
| Currency | Central Bank Rate | Overnight Rate |
|---|---|---|
 aud |
2.75% | 2.93% |
 nzd |
2.50% | |
 eur |
0.50% | 0.02% |
 cad |
1.00% | 0.99% |
 gbp |
0.50% | 0.48% |
 usd |
0.25% | 0.15% |
 chf |
0.00% | -0.00% |
 jpy |
0.10% | 0.10% |
| Symbol | Roll S | Roll B |
|---|---|---|
| EUR/USD | 0.03 | -0.14 |
| USD/JPY | -0.04 | 0.01 |
| GBP/USD | -0.12 | 0.06 |
| USD/CHF | -0.12 | 0.05 |
| EUR/CHF | -0.06 | 0.01 |
| AUD/USD | -0.93 | 0.44 |
| USD/CAD | 0.16 | -0.34 |
| NZD/USD | -0.79 | 0.36 |
| EUR/GBP | 0.08 | -0.25 |
| EUR/JPY | 0.0 | -0.02 |
| GBP/JPY | -0.22 | 0.1 |
| CHF/JPY | 0.02 | -0.06 |
