We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Daily Observations: November 15, 2012

Daily Observations: November 15, 2012

2012-11-15 15:15:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Current Positions:

- Short AUD/CAD from 1.0455, Stop at 1.0455, Target 1 at 1.0310

- Long AUD/USD from 1.0318, Stop at 1.0280, Target 1 at 1.0395

- Long EUR/USD from 1.2720, Stop at 1.2620, Target 1 at 1.2790, Target 2 at 1.2960

- Long EUR/CHF from 1.2018, Stop at 1.1990, Target 1 at 1.2500, Target 2 at 1.2750

Time Frame: 1-day to 1-week

Pending Positions:

- Pending Long USD/JPY daily close >80.65

Maintaining the AUD/CAD short, but I have moved my Stop to my entry to reduce my downside from -95-pips to 0-pips. I am willing to sell more on a rebound. I've initiated a small AUD/USD long at the weekly S1 and the montly S2 (1.0310/15) to hedge my core AUD/CAD short.

Elsewhere, my EURUSD long remains the same, and a move over 1.2790 (last Friday's high) will prompt me to move up my Stop to my entry to reduce my downside from -100-pips to 0-pips.

Any other trade ideas and general macroeconomic musings can be found in the Real Time Newsfeed, or by following me on twitter @CVecchioFX.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.