FOREX ANALYST PICKS

FOREX STRATEGIST
JOHN KICKLIGHTER

My pick: Short Aussie-Kiwi, short Aussie-yen, short loonie-yen
Expertise: Fundamental analysis with risk management
Average time frame of trades: 1 day to 1 week

There is a lot of interest this week in the Fed rate decision and constant turmoil surrounding Greece’s slow motion implosion, so I’ll avoid this risk. Instead, I am looking at pairs that can respond to meaningful risk trends. Strong support on Australian dollar-yen (¥77.50) and Canadian dollar-yen (¥76.50) set up good breakout opportunities. To get further away from risk appetite trends, I’m watching Australian dollar-New Zealand dollar around a significant rising trendline at NZ$1.2320/50.

FOREX STRATEGIST
JOEL KRUGER

My pick: Short euro-dollar
Expertise: Technical analysis
Average time frame of trades: 1 day to 1 week

Although our in-house model is showing positioning in the euro-dollar market as fairly balanced, we continue to see plenty of downside risk ahead and recommend looking for opportunities to sell into rallies, or on downside breaks. As such, the key levels to watch over the coming sessions will be $1.3780 above, and $1.3500 below. We like the idea of selling rallies towards $1.3780, or selling on a daily close back below $1.3500.

FOREX STRATEGIST
ILYA SPIVAK

My pick: Stay short euro-dollar
Expertise: Global macro
Average time frame of trades: 1 week to 6 months

I sold euro-dollar at $1.4328 on 29 July expecting a deepening EU debt crisis. Prices are testing the bottom of a falling channel connecting major lows since mid-April and I expect directional momentum to be lacklustre until the outcome of Wednesday’s FOMC announcement, at which point selling should resume. I will remain short, aiming for a soft objective at $1.3416. The stop-loss is now at the breakeven rate $1.4328.