Tyler Yell, CMT

Forex Trading Instructor

Position Trading based on technical set ups, Risk Management & Trader Psychology.
Tyler Yell is a Currency Analyst & Trading Instructor for DailyFX in North Texas. Tyler joined DailyFX in 2012 after working for a major FX Broker in a Senior Sales role for four years. Tyler’s investing strategy varies from medium to long-term trades based on global macro themes with a few short-term trades when mean-reversion opportunities exist based on advanced technical set-ups. Tyler holds the Chartered Market Technician® (CMT) credential, which is the preeminent, global designation for practitioners of technical analysis. The CMT designation is awarded to those who demonstrate mastery of a core body of knowledge of investment risk in portfolio management settings. Tyler is also attending Southern Methodist University’s Professional MBA program that has given him a strong fundamental understanding of advanced market concepts. Readers of DailyFX appreciate Tyler’s unique ability to communicate market truths like risk management and technical set ups in a simple way to improve comprehension and application for the newer trader.



EUR/USD Rockets to 2017 Highs, Oil Price Corrective Rally Risk Grows

Central Bankers have been on the wire a lot this week, and it seems like there has not been a unified argument like this since 2008.

Crude Oil Price Forecast: WTI Bounces From Technical Danger Zone

Crude Oil has bounced above $44 in hopes the worst is behind though rising supply likely remains a persistent concern with clear chart levels in focus.

USD/JPY Price Analysis: 5-Week High On Persistent Yen Weakness

USD/JPY price looks like a Bull again on Tuesday’s move above 112 and a persistently weak JPY. Yen longs losing stronghold.

USD/CAD Price May Resume Decline as Oil Price, Commodities Stabilize

The Canadian Dollar has shaken off the weak CPI for Friday, and now awaits a dual between Janet Yellen & Stephen Poloz for the go-ahead to strengthen further.

What You Should Know About The Fed’s Planned Balance Sheet Reduction

There is a lot of confusion about the “reduction” of the Federal Reserve’s $4.5T Balance sheet that has ballooned from $880B before the crisis. Now that the Fed has a plan, here&rsq...

US Dollar: Chasing A Bounce Could Be Expensive Below Election Gap

The Dollar Index has rebounded to the relief of Bulls, but the price remains below medium-term resistance and could be setting up for a new decline.

USD/JPY Technical Analysis: Price Stalls At Long-Term Resistance

USD/JPY has moved into long-term trend resistance, but the 2017 trend is clear. There are few key points on the charts to watch to see if the tide is turning.

USD/CAD Technical Analysis: Basing or Retracing? That is the Question

The Canadian Dollar has caught a cold from the downturn in Crude Oil. However, weak Oil prices may be a short-term deterrent to a developing CAD Bull-trend.

Tier-1 Canadian CPI May Force BoC’s Hand And Boost CAD Higher

Friday’s CPI data in Canada could allow the Canadian Dollar to become the strongest G10 currency on possible BoC hike.

GBP Whiplash Resumes on BoE Economist Forecast, Oil Dive Continues

GBP Volatility resumes on prediction from BoE Chief Economist Haldane predicting a high probability rate hike in 2018; Oil remains in freefall.

Carney Quiets Rate Hike Talk Taking Sterling Lower, Oil at 2017 Lows

The US Dollar remained supported, but Oil slid into bear market territory while Cable plunged below the 100-DMA as Carney provided plenty of doubt to hawks.

Dudley Boosts USD, Forbes Says UK Inflation Likely To Move Above 3%

Monday began formal negotiations for Sterling, but the fireworks that lead to volatility will happen sporadically. Instead, NY Fed President Dudley gave the market and USD support.

Crude Oil Fall Intensifies As Price Tests 2017 Lows On Glut Fears

Long-term outlook remains bearish as Crude calendar spread goes deeper into Contango that is increasing fears that prices could test $40/bbl on the glut.

Bearish USD/CAD on BoC’s Hawkish Surprise & Fed’s Hawkishness In Doubt

Thanks to the Bank of Canada, CAD stole the show this week and it could continue to strengthen against weaker currencies.

Policy Mistake Concern Rises as US Data Disappoints Most in 6 Years

Short-term interest rates had a wild week after the Bank of Canada, Bank of England and Federal Reserve gave hawkish surprises with the Fed decision most in doubt.

USD Shakes Off Sellers On Hawkish Fed, BoE Follows Suit Lifting GBP

Two relatively weak currencies, GBP & USD, are having their day in the sun on the back of markets readjusting expectations on surprisingly hawkish rate announcements.

Fed Confident Despite US Economic Data Disappointments Mounting

Yellen appears confident that the economy is improving, which is evident through the Fed’s unchanged rate hike forecasts that caused late day USD strength.

Crude Oil Price Forecast: Oil Closes at 2017 Lows on EIA Report

Crude Oil failed to bounce in a price zone that has supported price, and the possibility of surprisingly hawkish Fed could further pressure prices.

USD/JPY Technical Analysis: Price Sticking To 200-DMA After Fed Hikes

USD/JPY aggressively reversed at Yellen & Co. surprised the markets by bucking the Fed’s dovish reputation on Wednesday, now focus is on the BoJ and the charts.

USD Weakness Pauses After FOMC Rate Hike, Clear Resistance in Focus

Dollar Index traded to new 2017 lows ahead of the FOMC rate hike and seems stable for now, but clear resistance is in focus.