Traders, A quick shot of a losing position (I say position because there were several elements to the trade) that closed out on Cable last week. From its lows in the 2nd week of 2012 GBPUSD has ground its way north with all manner of false breakouts occurring on the weekly chart. At point 1 [...]

Yep, I know I’ve been a bit lax on the blog posting, There’s been other trading committment going on. So I figured I would get back in to it but posting a snapshot of GBP.  Take a look, any thoughts or opinions welcome. Trade Well. FXTraderPaul

Here’s my weekly Currency Strength Analysis for the week commencing 22nd January 2012. Weekly: 1. JPY 2. AUD 3.CHF 4.USD 5.GBP 6.EUR No real new news there. Daily: 1. AUD 2. JPY 3.USD 4.GBP 5. CHF 6.EUR   In terms of currencies and possible trades for this week I’m looking at EU, EJ, EA,CJ, UJ, [...]

Hello Traders, As usual here’s my analysis of Currency Strength & Weakness for the week beginning 15th January. From the weekly perspective: 1. JPY 2.AUD 3.USD 4. CHF 5. GBP 6.EUR No change from last week on a weekly outlook From the Dailies: 1.AUD 2.JPY 3.USD 4.GBP 5.CHF 6.EUR So on both the daily and [...]

Happy New Year Fellow Traders! I had an extended break over the holiday period and used the time to plan my next 12 months. More of that in future posts. In the mean time here’s the weekly strength analysis for this week. Weekly: 1. JPY 2.AUD 3. USD 4. CHF 5. GBP 6. EUR Ok [...]

Hey Traders, Here’s my Weekly Strength Analysis for the week beginning 18/12/2011. 1. JPY. 2. CHF 3. AUD 4. USD 5. GBP 6.EUR AUD & CHF swap places but I don’t consider it to be a long-term change.  If we look at the daily strength analysis: 1. USD 2. JPY 3.GBP 4.AUD 5.CHF 6.EUR We [...]

Hello Traders, Just a quick update on my views of currency strength and weakness for the week beginning 11th Dec 2011 Weekly Strength 1. JPY 2. AUD 3. CHF 4. USD 5. GBP 6. EUR No real surprises there. JPY still the strongest and EUR the weakest.  AUD has gained in strength and CHF continues to [...]

Hey traders, Here’s the review of the relative strength within the FX markets I watch. Weekly: 1. JPY 2.CHF 3.AUD 4.GBP 5.EUR 6. USD After teasing us for the last couple of weeks with alleged strength CHF has dropped back and the JPY (despite intervention) has become the strongest currency.  As I mentioned in previous [...]

Here’s my weekly relative strength update for the 9th October 1. JPY 2.CHF 3.AUD 4.USD 5.GBP 6.EUR Nothing new here, just the AUD and USD swapping places which is down to the pullback on the weekly chart. If we look at the Daily chart we can see: 1 JPY 2. USD 3.GBP 4.EUR 5.AUD 6.CHF [...]

Here’s a quick piece on a trade from this week on the GBPUSD. It hit T1 yesterday and now I’ll wait and see what it does from here. On the weekly chart we had an inside bar that was also a hi-test bar against the moving average. Cable has been in an aggressive down trend [...]