Tyler Yell, CMT

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.



‎US Dollar Index (DXY) Forecast: This Unwind Could Get Ugly Fast

The US Dollar Index (DXY) has traded aggressively higher over the last week and the positioning and the technical picture should hold your attention. Here are the levels and developments to watch.

FX Overbought/ Oversold Report: Panic at the USD Short Trade

A quick glance at the FX momentum scoreboard shows US Dollar in an odd place a top the momentum leaderboard as inflation concerns cause an unwind of the consensus trade.

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

First-quarter US GDP data and an ECB monetary policy announcement headline an action-packed set of top-tier event risk in the week ahead.

OPEC Approaches ’Mission Accomplished’ Moment in Jeddah, WTI nears $70

Last week provided another feather in the cap for crude oil bulls with a combination of bullish comments from the IEA, tightening physical supplies from EIA, and OPEC’s progress.

4 Effective Trading Indicators Every Trader Should Know

Ready to start trading forex? Our guide explores the best forex indicators for a simple strategy, including Moving Average, MACD, Stochastic and RSI.

US Dollar Index (DXY) Forecast: The Consensus Trade Gets Tested

The US Dollar Index (DXY) has traded toward 1-month highs on falling risk appetite and inflation fears that are seen via higher US Treasury Yields. Here’s where USD can be played well.

FX Factors to Watch: Central Banks Should Be Careful What They Wish For

Fundamental factors wax and wane with their importance on global markets. Here’s a look at key factors that are driving price action around the world.

USD/JPY Rate Forecast: Macro Forces May Push Yen Lower

The Japanese Yen continues to weaken as a handful of macro developments like bond yields and commodities are pushing the pair higher.

Crude Oil Price Forecast: A Leg Higher On Shrinking US Stockpiles

WTI Crude Oil extends gains by over 2% to the highest level since 2014 on a further drawdown of Crude inventories with stockpiles the lowest since March 2015.

Canadian Dollar Rate Forecast: BoC gets Bullish on Economy, Holds Rates

The Canadian Dollar paused its rally while providing a framework for future hikes on a bullish revision to their economic outlook over the coming years.

Ichimoku Charts That Matter: Havens Weaken While GBP, AUD Charge Ahead

Shocks tend to happen in the direction of the trend, and Ichimoku does a great job of helping you see where shocks are likely to develop.

Tactically Bearish EUR/GBP on Improving UK Economy, Hawkish BoE

Multiple measures show that the Bank of England could lean hawkish in May and that view may best be played against the EUR as economic data disappoints expectations.

Crude Oil Price Forecast: Oil Remains Robust Ahead of OPEC Meeting

WTI Crude Oil has pulled back from the highest levels since 2014, but the backdrop that could drive the price higher remain.

USD/JPY Rate Forecast: Knock, Knock, Knocking on Key 108-Level

JPY weakness has become a surprising theme to many as geopolitical risk fails to spill into FX markets while USD/JPY could be on the brink of a technical breakout.

FX Overbought/Oversold: It’s Tough To be a British Pound Bear Out There

A look at short-term momentum is showing pervasive strength in the British Pound and high-beta FX as havens are sold.

‎US Dollar Index (DXY) Forecast: Trump Tweet Takes USD Toward April Low

The US Dollar Index (DXY) broke toward lows of the month after US President Trump called out Russia and China for playing the 'Currency Devaluation game.'

Weekly Trading Forecast: Can Key Events like China GDP Cut Through Political Risk Volatility?

Can key event risk like China GDP or the BoC rate decision offer clarity to counter the general uncertainty of political risk?

Crude Oil Bulls Have a Banner Week As Reasons To Be Long Multiply

Crude oil traded to the highest level since 2014 this week on escalating geopolitical tensions that could lead to supply shocks while IEA says demand remains robust.

Canadian Dollar Rate Forecast: CAD Slips On Housing Data, Outlook Positive

The Canadian Dollar continues to strengthen on multiple forces that include positive NAFTA developments, strengthening commodity prices, and a weaker US Dollar.

FX Factors to Watch: An Unlikely And Unwelcome Inflation Development

Fundamental factors like inflation, growth, and commodity trends often drive the underlying price moves that then give way to ‘animal spirits’ that keep markets going. A recap of a busy we...