Relevant articles for you

Video

#SaxoStrats
Despite the FOMC's hawkish outing Wednesday, the USD rally has failed to find purchase in the major pairs. Today, news of a possible North Korean H-bomb test has markets on edge with gold finding strong support, yields wilting, and UK PM May preparing to talk Brexit in Florence.
Day trade
/
Buy
Trade view / 13 September 2017 at 6:03 GMT

GBPUSD tracking Keltner channel higher

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target: 1.3392
Market price: 1.3305
Background

In line with yesterday's positive forecast, Monday’s minor setback for GBPUSD was aggressively regained.

The renewal of investor demand emphasised the importance of Friday’s Marabuzo line and CABLE traded to new 12 month highs.

Signals for sentiment are again overbought but the market is hugging the top band of a rising Keltner channel. We look for the topside to continue to develop.

Management and risk description

A move to 1.3331 means the stop can be raised to break even or better.

Parameters

Entry: Buy in 1.3300/05 area and any 1.3277 dip

Stop: 1.3234 offered

Target: 1.3331, 1.3361 and 1.3392

Time horizon: intraday, ending 1500 GMT

Positive channel
Positive Channel
 
Buyers return
Buyers Return
 
Long term
Long Term
Source: All charts from CQG

— Edited by Adam Courtenay

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
13 September
alki alki
Direction looks to be the right one Alan, but we also have UK figures @ 8.30 GMT... Any advice as to protect our trade?
13 September
AlanCollins AlanCollins
very close to first target so would reduce in the high twenties instead of 31 and raise stop to 1.3298

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com 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 Tradingfloor.com 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 Tradingfloor.com 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 Tradingfloor.com or as a result of the use of the Tradingfloor.com. 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 Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com 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