AlexBarclay

AlexBarclay

It's difficult to know, at any given time, what is happening with Vodafone (VOD). Mergers, acquisitions, sales, purchases, entering new markets, leaving old markets, profits, losses, etc. Which is why I'm going to focus mainly on the technical side of things. Since 2013 VOD has been in a range between a low of around 190 and a high of around 255. Thus far this...

AlexBarclay Updated 

A test trade using a very short term options contract (Expires this Friday) and a neutral straddle strategy. Last week saw the return of the Trump jitters, as the world braced for a new trade war. Rising interest rate prospects were also raining on the parade in the UK and US as it looks like the easy money party was ending and the Federal Reserve (as well as...

AlexBarclay Updated 

We are back at the bottom of the range. Stochastic is oversold (but I only use that for alerts, not entry). So far the lower part of the range has held fairly steady, and this week we have Eurozone GDP due. But we also have the AUD CPI number due Wednesday, expected to be higher than previous.

AlexBarclay Updated 

Fundamental: We've got Canadian C.P.I data coming out this Friday, expected to be higher than the previous. That might prove bullish for Canadian Dollar helping to push this pair lower. On the other hand, we've got the much belated tax reform hoopla going on in the US, so the bill passing / not passing could add to the bullish / bearish pressure. Technical:...

AlexBarclay

We have returned to an area of support, previously resistance. Also, this could possibly be a re-test of a demand zone. And Stochastic (34, 3, 3) is oversold. I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established. Remember, we never know how any one trade...

AlexBarclay Updated 

Price has returned to the zone that's seen some powerful demand before. Stochastic (34, 3, 3) is oversold.

AlexBarclay Updated 

As is commonly seen in USDJPY, support becomes resistance. The price has now entered a zone that was previously support, looking for it to hold as resistance. Also, Stochastic (34, 3, 3) is overbought.

AlexBarclay Updated 

We have returned to what has been an area of support during the current period of consolidation. We might see some buying from this level, assuming it holds. Stochastic (34,3,3) is oversold too. Although we are not seeing any clear signals from the US bond market. Yields have not risen, and there may be additional pressure due to political developments in...

AlexBarclay

We've got the UK retail sales numbers coming in tomorrow. Based on all recent data I've seen, this number is almost certainly going to be bad. In fact, it might come in at even worse than expected - and bear in mind, the expectations are already quite low. Based on the past performance of this pair during UK retail sales releases, EURGBP might be a good choice...

AlexBarclay Updated 

Recent events in the Middle East have helped to raise the oil price. This has been good for the CAD, and helped to drive this pair lower. Future events could push oil higher still, helping to send this pair even lower. Technically we have three things happening that might, just might, add up to some confluence: The price is approaching what was a support...

AlexBarclay

We've got the UK retail sales numbers coming in tomorrow. Based on all recent data I've seen, this number is almost certainly going to be bad. In fact, it might come in at even worse than expected. Either way, this could be the catalyst to send the price much lower. From a technical perspective, the price action has been in a range since late October. This...

AlexBarclay Updated 

The price action appears to have found a range, and I'm hoping to capitalize on it by going short. Not much to say here except that I am expecting the support / resistance zones currently in play to hold. Also, notice the stochastic oscillator is overbought. Most of the time this has been an accurate predictor of a downside move. I'm trading this with a market...

AlexBarclay Updated 

This is a purely technical play. The support zone seems to have become resistance, and might serve to "hold the price down", so to speak. We are also seeing some bearish divergence on the stochastic oscillator. On the 4H chart, the price action does seem to be in a down trend, with this current bump higher possibly opening the door to a new leg lower. The...

AlexBarclay Updated 

Price has fallen quite a bit following the Bank of England's dovish rate hike, and subsequent fall in the GBP. This is an attempt to capitalize on any additional GBP weakness, or EUR strength. Brexit negotiations are not going well, and the ruling Conservative party in the UK seems to be stumbling from one mishap to another. This might create some additional...

AlexBarclay Updated 

New Zealand has a new Prime Minister, Jacinda Ardern, whose Labour party is expected to bring about continued uncertainty for the New Zealand dollar. And we all know how much the market hates uncertainty. There's an interest rate decision due soon from the Reserve Bank of New Zealand (RBNZ), but there are no expectations of any moves - that's expected in Q4...

AlexBarclay Updated 

This pair has seen a very powerful move up recently after political developments in New Zealand left the NZ$$ in the doghouse, allowing the Euro to take control. We're back in the support zone again, and the stochastic is now rising from being oversold. Moving average is still pointing up. In terms of risk , the price has moved quite a bit lately, so how much...

AlexBarclay Updated 

After a record breaking run, US30's price action has taken a break - and found itself in a tight range. This might indicate a break to the upside is on the cards. The price appears to have found a support zone, and is still hovering well above the rising 72 period simple moving average. Furthermore, the US 10 year bond yield ( US10Y 1.21% ) has risen, indicating...

AlexBarclay Updated 

Attempting to capitalize on a possible bounce higher in EURJPY without being committed in case price falls further. We've hit the support zone again. Stochastic is oversold, and has been for a while now; however, in case the support zone does not hold, we have at least some protection by trading this with a buy stop limit order. Target is tentative. Will look...