Wednesday, May 25, 2011

5/25 Forex

Three new breakouts among the 124 currency pairs I follow.

sym phase adx bday blevel stop atr atr%
CHF/SEK  
29
may25 Skr7.2528 Skr7.1675 0.0853 1.2%
CHF/ZAR  
31
may25 R8.0593 R7.9417 0.1176 1.5%
GBP/TRY  
31
may25 TL2.6063 TL2.5813 0.0290 1.1%

The CHF/SEK, CHF/ZAR and GBP/TRY breakouts are contrary the carry bias.

EUR/CZK is within a pip of a bull breakout. If it were to break out today, here’s what the analysis would look like:

sym phase adx bday blevel stop atr atr%
EUR/CZK  
23
may25 Kč24.571 Kč24.461 0.110 0.5%

The EUR/CZK breakout is aligned with the carry bias, but the spread is a miniscule 21 basis points.

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