4/22 Forex

With the U.S. markets closed for the day, I’m taking an opportunity to survey a broad list of currency pairs, not only for new price-channel breakouts but for existing bull and bear phases.

One reason for doing this is to move away from the dollar-centric pairs. These days, anyone trading the majors will be over-exposed to shorting the U.S. dollar, which is the main (negative) game in a town, or going long the Aussie, which is the other (positive) main game.

Cross-pairs and exotics bring some diversification to the mix, although with everything in the global economy so inter-connected, I’m not sure true diversification is possible, be the vehicle currencies, stocks, bonds or commodities. Well, baseball cards, maybe. Super Bowl tickets.

The stop in the table below, by the way, is calculated at the time of breakout.

For trading, once the price has moved away from the breakout level, I use a double-atr trailing stop: For a bull play, take the average true range, multiply by two and subtract it from the highest high since the position was opened. For a bear play, add twice the atr to the lowest low since opening.

sym	phase	adx	bday	blevel	stop	atr	atr%
AUD/CAD		19	apr13	C$1.0126	C$1.0942	0.0084	0.8%
AUD/HKD		26	mar24	HK$7.9450	HK$7.8377	0.1073	1.4%
AUD/SGD		28	apr21	S$1.3302	S$1.3186	0.0116	0.9%
AUD/THB		21	apr6	฿31.418	฿31.113	0.305	1.0%
AUD/USD*		26	mar24	US$1.0201	US$1.0088	0.0140	1.0%
CAD/HKD		18	apr20	HK$8.1539	HK$8.0904	0.0635	0.8%
CAD/NOK		12	apr8	Nkr5.6315	Nkr5.6862	0.0547	1.0%
CHF/HKD		29	apr20	HK$8.7410	HK$8.6546	0.0864	1.0%
EUR/HKD		21	apr20	HK$11.2876	HK$11.1773	0.1103	1.0%
EUR/USD*		19	apr21	US$1.4547	US$1.4407	0.0140	1.0%
GBP/AUD		24	mar28	A$1.5582	A$1.5377	0.0205	1.3%
GBP/CZK		18	mar18	Kč29.671	Kč28.396	0.277	0.9%
GBP/HKD		15	apr21	HK$12.7866	HK$12.6932	0.0934	0.7%
GBP/NOK		20	mar24	Nkr8.9645	Nkr9.0684	0.1039	1.2%
GBP/NZD		30	apr15	NZ$2.0149	NZ$2.0384	0.0235	1.2%
GBP/SEK		14	apr20	Skr10.077	Skr10.200	0.123	1.2%
GBP/USD		15	apr21	US$1.6427	US$1.6305	0.0122	0.7%
NZD/HKD		39	apr11	HK$6.0931	HK$6.0320	0.0611	1.0%
NZD/USD		34	apr20	US$0.8002	US$0.7907	0.0095	1.2%
SGD/HKD		20	mar22	HK$6.1620	HK$6.1294	0.0326	0.5%
USD/CAD		18	apr20	C$0.9526	C$0.9602	0.0076	0.8%
USD/CHF		29	apr20	SF0.8895	SF0.8987	0.0092	1.0%
USD/CZK		18	apr20	Kč16.662	Kč16.480	0.182	1.1%
USD/DKK		18	apr20	Dkr5.1356	Dkr5.1873	0.0517	1.0%
USD/HKD		17	apr21	HK$7.7654	HK$7.7712	0.0058	0.1%
USD/ILS		34	apr21	₪3.4003	₪3.0771	0.0275	0.8%
USD/MXN		23	mar31	Mex$11.8789	Mex$11.9722	0.0933	0.8%
USD/NOK		21	apr20	Nkr5.3635	Nkr5.4360	0.0725	1.4%
USD/SEK		12	apr20	Skr6.1765	Skr6.2631	0.0866	1.4%
USD/SGD		18	mar22	S$1.2635	S$1.2702	0.0067	0.5%
USD/THB		39	apr21	฿29.833	฿29.923	0.090	0.3%