Tag : currencies

Chart Pattern 101—What Is A Head & Shoulders Top ?—Look At Peso
Chart Pattern 101—What Is A Head & Shoulders Top ?—Look At Peso

  Head and Shoulders Top or Bottom—This technical indicator consists of a left shoulder, a head, and a right shoulder and a line drawn as the neckline and occur in many different daily charts over the course of time. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. This type of…

Can The 10 Year Note Go To 2%
Can The 10 Year Note Go To 2%

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Mexican Peso Up 39 Points
Mexican Peso Up 39 Points

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Is The U.S Dollar Headed Higher ?
Is The U.S Dollar Headed Higher ?

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Stocks Higher Puts Pressure On 10 Year Note
Stocks Higher Puts Pressure On 10 Year Note

10 Year Notes—The 10 year note in the June contract is currently trading lower by 4 ticks at 124/09 as I have been recommending a bullish position from around the 124 /15 level as I think today’s action was positive due to the fact that the Dow Jones Industrial Average is up about 350 points today, however it didn’t have…

Are Bond Yields Headed Lower ?
Are Bond Yields Headed Lower ?

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I Remain Bearish The Mexican Peso
I Remain Bearish The Mexican Peso

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Seasonality Is Important To Understand ?
Seasonality Is Important To Understand ?

What do traders mean when they talk about seasonality and its effects on commodity prices? The definition of seasonality states that a characteristic of a certain time when the data experiences regular and predictable changes which occur every calendar year and in a time series that reoccurs or repeats over one year can be said to be seasonal. An example…

Sell The Mexican Peso !
Sell The Mexican Peso !

  Mexican Peso—The Mexican Peso in the June contract finished lower by 22 points closing at 5177 as I am now recommending a bearish position while placing the stop loss above most recent high which was hit on April 18th at 5287 as the risk is $550 per contract plus slippage & commission as the chart structure is outstanding at…

Has The U.S Dollar Topped Out ?
Has The U.S Dollar Topped Out ?

    U.S Dollar Index Futures—The U.S dollar in the June contract finished down 19 points at 97.20 right near a 2 week low as I have been recommending a bullish position from around the 97.41 level and if you took that trade place the stop loss at the 2 week low which stands at 96.87 as an exit strategy.…