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CURRENCY STRATEGIST CHRIS VECCHIO ANALYST'S PICK

July 15, 2014

CHRIS VECCHIO



My pick: Long sterling-Swissie and dollar-Loonie, short euro-sterling and euro-dollar Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few days to a few weeks While we continue to monitor euro-yen and euro-dollar, there is a lack of momentum.


The current rangebound states could be the default setting without a more substantial catalyst. Elsewhere, the two non-euro pairs we're looking at are sterling-Swissie and dollar-Loonie. Whereas the former is experiencing a slight pullback amid the euro rebound, the nature of the Slow Stochastics and MACD indicators offers no reason to think that the uptrend from mid-March is threatened. Dollar-Loonie has fallen into longterm support off of the September 2012 and 2013 lows; a break of the March downtrend near C$1.0825 this week would give confidence for a continuation of the uptrend.


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Source: City A.M. (UK)


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