My pick: Short sterling-dollar from $1.5500 and short sterling-Aussie below A$1.7175
Expertise: Combining fundamental and technical analysis

Market conditions are highly volatile and generally lacking in conviction about the future direction of markets. This creates a situation where we need to reduce the time frame and objectives of our trades. I am going to stick with my short sterling-dollar position with a stop-loss at 1$.5640 and target $1.5280. There is also a good short-term breakout opportunity in sterling-Aussie. I plan to go short below A$1.7175 with a stop at A$1.7325 and I will target A$1.70.


My pick: Remain short euro-US dollar at $1.2660
Expertise: Global macro, classic technical analysis
Average time frame of trades: 1 week-6 months

I sold euro-dollar at $1.2660 last week as prices confirmed the break of a rising trend line set from the low in early June with push through horizontal support in the $1.2715-$1.2755 congestion region. A shallow recovery has been staged from support at $1.2587 but the advance looks corrective. An acceleration of the down move is expected at a daily close below $1.2587. I will remain short, initially targeting $1.2130. A stop-loss will be activated on a daily close above $1.2925.


My pick: Buy euro-Swiss franc at SFr1.2900
Expertise: Classic technical analysis
Average time frame of trades: 1 week-6 months

The cross has been under intense pressure over recent months with the market accelerating declines and dropping to record lows below SFr1.3000. But it is not often that we see daily, weekly and monthly technical studies all showing oversold at the same time – this warns of the potential for a major upside correction over the medium to longer-term. As such, we like the idea of building a long position below SFr1.3000 with a stop at SFr1.2400 and a target of SFr1.40.