John J Hardy
Saxo Bank’s head of FX strategy John Hardy takes a closer look at trends and moves in today’s forex charts, including EURUSD, USDJPY, AUDUSD, and EURSEK.
Squawk / 02 November 2016 at 1:27 GMT
COFFEENYCont targeting $1.56 as long as below $1.63...time has said the past week-end was important, a reaction is in place and on schedule for a larger correction.
peter peter
Pls. will you comment action on coffee today?
ITnerd ITnerd
Yes, please can you comment. Cos it's looks like jumbo bambo afair. I googled a sc cofffee traiders forum that actively participate in this trade. A domain without an owner where it some traiders openly discussing profits and docs thats has nothing to do with official publications.. Thanks in advance. Professional IT nerd.
Johan Berntorp Johan Berntorp
COFFEENYCont had a good day today, trying to take out and challenging the past week-ends highs. It appears as though the price of Coffee is about to negate the bearish time cycles, however this doesn't mean it will rush higher in fierce manor. It might give us the signal but drop from then on before the next real advance starts. From a bullish perspective we'd like to see a clear daily close above those past highs which is a signal for higher prices into December 7. For a outright buying spree the price of COFFEE will have to take out the Gann fan on which is currenlty testing from below. Nonetheless my longer price target is at least $1.83 before a potential larger trend reversal.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail