Relevant articles for you


Clive Lambert - FuturesTechs
Clive Lambert of FuturesTechs explains why he is trading gold. He is looking to buy between $1,310/oz - $1,320/oz with a stop at $1,300. His targets are $1,360-1,380. Lambert also looks at a broader trade buying at current levels with a stop at $1,285 and targets of potentially $1,485 and $1,588.
Day trade
Trade view / 04 July 2016 at 8:27 GMT

Wedge breakout highlights buyers return in USDCHF

Analyst / PIA First
United Kingdom
Instrument: USDCHF
Price target:
Market price:

USD Index – The stalling in bullish price action is a concern with levels above the 50% pullback of 96.24 finding sellers. However, mixed trading for the last five days looks to have formed a corrective channel or flag that has an eventual bias to break to the upside. What USD bulls don’t want to see is a move through the baseline at 95.26 (current price 95.76). The breakout level is currently at 96.29. There is a lack of economic releases today so we could stay within this range unless we get a news bomb.USD Index

Source: Saxo Bank. Create your own charts with SaxoTraderGO click here to learn more


Monthly – The longer timeframe still holds a mild bullish bias with an Outside Candle posted in May from the reverse trendline support. 
 Source: Saxo Bank

Weekly – Holding within the weekly Ichimoku cloud. This sometimes results in daily results being mixed. We do hold a bullish Outside Bar from week June 20. This, combined with the corrective channel formation, keeps the outlook positive. The first resistance is seen at 0.9865
Source: Saxo Bank 

Daily – Highlights a 161.8% extension close to the previous high at 1.0274 and is our main medium-term focus. Selling has stalled this morning close to our bespoke support of 0.9717. 
 Source: Saxo Bank

Intraday – The one-hour chart highlights the pair breaking the Ending Wedge formation to the upside. We have bespoke resistance at 0.9752. With this close to the previous swing high, we could see a correction here. We could see a retest of the wedge breakout. The intraday target level is the start of the wedge (0.9820).
Source: Saxo Bank

Management and risk description


Entry: Buying a dip at 0.9730 or a break of 0.9760

Stop: 40 pips

Target: intraday 0.9820 / medium-term 1.0270

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more


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
- 沪ICP备13028953号-1

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