FOREX ANALYST PICKS

FOREX STRATEGIST
ILYA SPIVAK

My pick: Stay long dollar-yen
Expertise: Global macro
Average time frame of trades: 1 week-6 months

I entered long dollar-yen at ¥83.08 in mid-November expecting the pair to rise along with US Treasury yields in the aftermath of QE2 after the $600bn increase in asset purchases matched traders’ expectations and opened the door for profit-taking into the year-end. Indeed, US yields have started to rebound aggressively over recent weeks and I will remain long, initially targeting ¥85.87. A stop-loss will be activated on a daily close below ¥81.72.

FOREX STRATEGIST
JOHN KICKLIGHTER

My pick: Sell Kiwi-dollar, go long Aussie-Kiwi
Expertise: Fundamental and technical analysis with risk management
Average time frame of trades: 1 day-1 week

We are coming into the thin-liquidity, end-of-the-year period. Therefore, I will cut my dollar-Canadian dollar. My long dollar-yen from ¥82 and short Aussie-Loonie from Ca$0.99 are meant as long-term setups and shall remain in place. What I want to fall back on now are setups that take big events and moves. For that I am looking at a Kiwi-US dollar break below US$0.74 (with a 200 point stop and first target) and perhaps even Aussie-Kiwi above NZ$1.3225 (stop to be determined).

FOREX STRATEGIST
JOEL KRUGER

My pick: Buy US dollar-Swiss franc at SFr0.9810
Expertise: Classic technical analysis
Average time frame of trades: 1 week-6 months

The market is currently carving out a major base after putting in a record low at SFr0.9460 several weeks back. Look for a fresh higher low to carve out in the SFr0.9700 area ahead of the next major upside extension towards our target at the 200-day simple moving average at SFr1.0500. A push back above SFr0.9920 will strengthen the constructive outlook, while SFr1.0070 will confirm and accelerate gains. Only a daily close below SFr0.9550 would give reason for concern.