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.



Where New FX Traders Should Focus When New to Trading [Webinar]

Learning to trade the FX market can be intimidating. It's helpful to know where your focus should be when getting started.

USD/JPY Technical Analysis: JPY to 2017 Highs vs USD, Atop SW Ranking

USD/JPY broke below channel support, and now the focus turns to specific levels that look like attractive downside targets if Haven Flows persist.

Crude Oil Price Forecast: Bearish Evidence Is Gathering Steam

Crude Oil has broken below the 200-DMA ( $48.659), but has not reversed higher yet. Many traders are watching to see if Oil repeats recent history or if a further sell-off is in store.

USD/JPY Technical Analysis: Price At Multi-Channel Support In View

USD/JPY is trading at channel support, and a break could open up a flood of USD/JPY sellers as USD buying catalysts are becoming less obvious.

Dollar Technical Analysis: A Steady Fed Is Frustrating Dollar Bulls

After the Fed failed to lift the median dot in their rate plot and kept the expectations set at two more hikes, it’s getting difficult to find the Bullish Catalyst

Weekly Trading Forecast: All Eyes Remain on the Federal Reserve

Financial markets are likely to remain fixated on US monetary policy as a lull in top-tier data puts the spotlight on a busy Fed-speak calendar in the week ahead.

Positioning Shift And Sentiment May Pressure Oil As Supply Swells

Crude Oil saw a sharp pull-back in price for most of March, which may be limited were it not for signals from Saudi of a potential supply cut extension.

Bullish GBP/CAD on CAD Correlation To Oil & GBP Strengthening

Bullish GBP/CAD on CAD Correlation To Oil & GBP Strengthening

Crude Oil Price Forecast: Keep It Simple, Watch This Moving Average

Crude Oil has broken below the 200-DMA ( $48.659), but has not reversed higher yet. Many traders are watching to see if Oil repeats recent history or if a further sell-off is in store.

Dollar Technical Analysis: Recent Hikes Have Led To Peaks in DXY

Ahead of Wednesday’s Fed announcement, it is helpful to keep an eye on recent DXY outcomes and what could make this time different or similar to the past.

USD/CAD Technical Analysis: G20 Wildcard & FOMC Could Lift USD/CAD

A combination of an increasingly hawkish Fed and Bullish Momentum keeps USD/CAD higher as traders await the wildcard of US Trade Policy at the G20 meeting in Germany.

USD/JPY Technical Analysis: Sentiment and Resistance Meet FOMC Test

USD/JPY trades in a directionless zone under resistance of a well-defined range of 115-111.50 as traders turn to FOMC and BoJ for the hope of a breakout.

Crude Oil Price Forecast: Oil Faces Familiar Test On Break of 200-DMA

Multiple times since April, Crude has broken below the 200-DMA ( $48.659) only to reverse higher quickly. Many traders are watching to see if Oil repeats recent history.

Dollar Technical Analysis: DXY Building Momentum Ahead of NFP

A quick glance at the DXY, and you’d think all is quiet in global markets. However, the split of the DXY is the cause for the lackluster performance.

What To Watch On The Breakdown In Oil & Gold As DXY Accelerates

Crude Oil & Gold have traded to aggressively lower on a combination of fundamental and technical factors, which should make support a key focus for traders.

Bullish EUR/NZD on Strong/Weak Relationship & Ichimoku Breakout

Bullish EUR/NZD on Strong/Weak Relationship & Ichimoku Breakout

Crude Oil Price Forecast: Oil At 6-Week Low As Shale Overshadows OPEC

Crude Oil is now testing the polarity point that we’ve long watched at $50/bbl. A hold of this level could favor the broader triangle correction with no technical damage done.

Oil Drops On OPEC Uncertainty Whether To Extend Cuts

Crude Oil was soft on Tuesday after an interview at CERAWeek in Houston with UAE Minister of Energy showed uncertainty on extending production cuts.

USD/CAD Technical Analysis: Overbought RSI May Bring Opportunity

A continuation of positive Canadian Economic Data doesn't stop down the US Dollar Train, which is pushing toward 2017 highs.

USD/JPY Technical Analysis: Confluence Of Resistance At 115 In Focus

USD/JPY has traded in a well-defined range of 115-111.50. However, the longer-term trend is higher, which turns our focus on influencing factors.