ATradersViews

ATradersViews

The Russell 2000 is forming a great trend on the hourly chart that also coincides with a head and shoulders at the top. Both levels arouns 1494 (June Contract)

ATradersViews

I am watching usd/chf as the key indicator for the next usd move. It broke lower, out of a perfect wedge. If it can trade back into the wedge i expect the usd to trade higher against other currencies where the technical picture isn't as strong.

ATradersViews

Corn has managed to break out of the base it has formed for weeks. Trade - buy 331.6 with sl at 324.8.

ATradersViews

gbp/usd (cable) - it closed the week above the key 1.2650 area. This was a double top and initial resistance. It also closed above the 200 day moving average. I now expect it to trade continue the move higher (although please be aware of the correlation with the stock markets).

ATradersViews

The US 10yr govt bond futures have been in a tight range for around 6 weeks but have now broken out of the wedge. Now that the FED is tapering it's purchases and with the increased supply of bonds in the next few month the futures are looking very heavy (ie lower prices and higher yields). I expect this move to continue and will look to sell the US 10yr futures on rallies.

ATradersViews

Aud/usd has been very strong recently but on Friday while the stocks were rallying it failed to break higher. Key resistance at 0.7033 but it has shown a bit of tiredness in its rally. If stocks move lower aud/usd could be the best way to capitalize. Longs are running out of steam.

ATradersViews

Us/jpy (long) has shown good technical upside and good price action. During May the usd was weakening a lot but usd/jpy was failing to trade lower which showed me how strong it was. Technically there was resistance at 108.09. Once it broke through this level it moved sharply higher. I expect the strength to continue and would look to buy dips.