Traders, looking at NZD/USD this AM. In last night's analysis we had proposed a possible end to the triangle in AUD/USD - but left it open that it still may have lower to go. NZD/USD can often trade in tandem with AUD/USD (and vice versa) and thus I though it was a good idea to highlight NZD/USD.
Hey Traders, still in the midst of the Wave 4 triangle we have been tracking for over a week now. However, it appears we are nearing the end (around 1420) and that should set-up a nice long position in EUR/USD.
Just a note on the EUR/USD chart below - in light of the push higher in the S&P's over the last hour or so it is possible that Wave (e) of Wave iv is in place
Hey Traders, still in the midst of the Wave 4 triangle we have been tracking for over a week now. However, it appears we are nearing the end (around 1420) and that should set-up a nice long position in EUR/USD.
Just a note on the EUR/USD chart below - in light of the push higher in the S&P's over the last hour or so it is possible that Wave (e) of Wave iv is in place
Keeping an eye on EUR/GBP here. It has been pretty choppy in recent weeks but the move lower last night was impulsive - could be the start of a decent short trade.
Keeping an eye on EUR/GBP here. It has been pretty choppy in recent weeks but the move lower last night was impulsive - could be the start of a decent short trade.
Traders, the post below is not FX specific, but is likely to be of interest to those that manage their own portfolios using stocks and ETF's.
Traders, for those that have been tracking our 'beta' Portfolio Alerts since inception back on March 7, 2011 will know that we have been holding a 15% position in MNGGF Mongolia Growth Group since June 17, 2011. I was initially introduced to it by a colleague, Bill Fleckenstein (who also serves on their board). The idea, like so many other emerging market 'stories' was compelling and the team heading it up added to my interest.
I fully intend to hold this position for some time as the opportunity is not even close to reaching full potential. I could offer you a brief synopsis of my views but a recent report by Ryan O'Connor at Value Walk does it far more justice.
The report is at the link below - be your own judge.
Our Portfolio Alerts service is still in beta for a few more weeks and available at no cost. If you wish to receive updates - just drop us an email [email protected]
Aspenalysis: Simple To Follow FX Trade Ideas
