Risk-averse traders have been hedging their long EURUSD exposure since the Greek debt crisis emerged. So it’s not surprising that EURUSD put options have become increasingly more expensive than call options. Indeed, EURUSD put options are 1.5 percent... 

I have been waiting for further NZDUSD weakness but the pair has remained above 0.6800 which is the level I am targeting for entering a short position. The pair continues to trade along the 200-Day SMA at 0.6942 which is a major technical level and a... 

One of the few cross currencies that are so stretched at present and with the daily RSI well below 30, we like the idea of looking to build a long position a little lower down. The market is now at its lowest levels since 2008 and is fast approaching... 

AUDUSD has produced an Evening Doji Star bearish reversal candlestick pattern that has also offered a daily close below the lower boundary of a support-turned-resistance price congestion region at 0.8937. I will enter short from here, initially targeting... 

My last three trades have all been stopped out, and I’m obviously not in good sync with the market. I may just have to go back to basics entirely and rely 100% on my favored Systems Trading, refraining from discretionary trades until I get a better... 

Looking back over the headlines of the last 36 hours, there has been virtually no news or economic release to discourage confidence on the British pound. In contrast, the data behind the euro has deteriorated dramatically and the situation with Greece... 

I added fresh short GBPUSD positions at 1.5500 and today’s break below support at 1.5344-50.0% Fibo justifies the position and may warrant additional positions. I am a little reluctant with the BoE rate decision looming. The central bank has continued... 

The GBPJPY weakened for the sixth-day, with the exchange rate slipping to a fresh yearly low of 135.85, and it certainly seems that I have gotten ahead of myself as the daily RSI slips into oversold territory. The sharp overnight decline tapped out the... 

I initially sold GBPUSD at 1.5765. Prices are now pushing through near-term support at the bottom of a falling channel established from the swing high in mid-November having re-tested major support-turned-resistance at the 1.58 figure and I will remain... 

A few weeks back I raised my stop on my short EURUSD position to account for any bullish sentiment that may occur from the prospect of a Greece bailout which proved wise as the pair would retrace its gains and decline an additional 150 pips. A failed...