Saxo Trade Navigator · Thursday, 13 November 2014 2 ATR Stop Trade size Instrument Last Sup 3 Sup...

Thursday, 13 November 2014

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Saxo Trade Navigator


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ATR Stop Trade size

Instrument Last Sup 3 Sup 2 Sup 1 Pivot Res 1 Res 2 Res 3 5d 21d 55d High (20d) Low (20d) 9d 14d High (20d) Low (20d) 14d Dist. Units

EUR/USD 1.2444 1.2326 1.2373 1.2405 1.2452 1.2484 1.2531 1.2563 1.2433 1.2608 1.2752 1.2886 1.2358 39.7 39.6 1.2858 1.2335 0.0104 0.0052 192000

USD/JPY 115.82 113.80 114.34 114.92 115.46 116.04 116.58 117.16 115.19 110.54 108.60 116.10 105.23 79.3 76.9 117.78 103.75 1.15 0.57 202000

EUR/JPY 144.13 141.73 142.54 143.09 143.90 144.45 145.26 145.81 143.21 139.32 138.44 144.51 134.14 75.1 72.2 145.61 133.36 1.25 0.63 185000

EUR/GBP 0.7889 0.7739 0.7771 0.7827 0.7858 0.7915 0.7946 0.8002 0.7845 0.7877 0.7891 0.8047 0.7799 58.8 53.7 0.7949 0.7793 0.0049 0.0025 258000

EUR/CHF 1.2024 1.1992 1.2005 1.2013 1.2026 1.2034 1.2047 1.2055 1.2032 1.2054 1.2072 1.2080 1.2021 30.5 33.3 1.2085 1.2022 0.0018 0.0009 1099000

GBP/USD 1.5775 1.5558 1.5667 1.5723 1.5832 1.5888 1.5997 1.6053 1.5848 1.6005 1.6161 1.6184 1.5791 31.4 34.0 1.6217 1.5791 0.0112 0.0056 178000

CHF/JPY 119.87 118.03 118.62 119.06 119.65 120.09 120.68 121.12 119.03 115.58 114.68 120.09 111.23 77.4 74.3 121.09 110.37 1.02 0.51 228000

USD/CHF 0.9662 0.9575 0.9599 0.9632 0.9656 0.9689 0.9713 0.9746 0.9677 0.9561 0.9468 0.9742 0.9368 57.9 58.3 0.9747 0.9392 0.0079 0.0040 244000

USD/CAD 1.1322 1.1202 1.1242 1.1280 1.1320 1.1358 1.1398 1.1436 1.1358 1.1285 1.1141 1.1467 1.1122 52.8 55.3 1.1438 1.1135 0.0089 0.0045 254000

AUD/USD 0.8706 0.8594 0.8630 0.8674 0.8710 0.8754 0.8790 0.8834 0.8645 0.8740 0.8889 0.8911 0.8541 49.1 46.7 0.8895 0.8577 0.0101 0.0050 198000

NZD/USD 0.7874 0.7710 0.7754 0.7817 0.7861 0.7924 0.7968 0.8031 0.7776 0.7847 0.7983 0.8034 0.7661 56.1 51.2 0.8008 0.7672 0.0106 0.0053 189000

GBP/CHF 1.5242 1.5014 1.5125 1.5188 1.5299 1.5362 1.5473 1.5536 1.5337 1.5302 1.5299 1.5455 1.4993 37.3 42.6 1.5444 1.5185 0.0096 0.0048 202000

AUD/JPY 100.83 99.44 99.75 100.22 100.54 101.01 101.32 101.79 99.57 96.59 96.49 100.70 91.76 83.9 77.4 101.67 91.82 1.07 0.54 216000

CAD/JPY 102.29 100.63 101.03 101.53 101.93 102.43 102.83 103.33 101.42 97.94 97.46 102.22 92.91 78.8 74.0 103.37 92.89 1.04 0.52 223000

GBP/JPY 182.70 178.54 180.26 181.24 182.96 183.94 185.66 186.65 182.55 176.88 175.46 184.40 168.03 66.3 66.0 186.46 168.03 1.86 0.93 125000

GBP/CAD 1.7862 1.7523 1.7677 1.7769 1.7923 1.8015 1.8169 1.8261 1.8000 1.8061 1.8003 1.8289 1.7858 37.4 41.5 1.8272 1.7854 0.0143 0.0071 159000

ATR Stop Trade size


AUD/USD 0.8706 0.8594 0.8630 0.8674 0.8710 0.8754 0.8790 0.8834 0.8645 0.8740 0.8889 0.8911 0.8541 49.1 46.7 0.8895 0.8577 0.0101 0.0050 198000

NZD/USD 0.7874 0.7710 0.7754 0.7817 0.7861 0.7924 0.7968 0.8031 0.7776 0.7847 0.7983 0.8034 0.7661 56.1 51.2 0.8008 0.7672 0.0106 0.0053 189000

USD/CAD 1.1322 1.1202 1.1242 1.1280 1.1320 1.1358 1.1398 1.1436 1.1358 1.1285 1.1141 1.1467 1.1122 52.8 55.3 1.1438 1.1135 0.0089 0.0045 254000

CAD/USD 0.8831 0.8746 0.8775 0.8805 0.8834 0.8864 0.8893 0.8923 0.8805 0.8861 0.8977 0.8990 0.8721 46.9 44.4 0.8977 0.8742 0.0067 0.0034 298000

AUD/NZD 1.1056 1.0948 1.1001 1.1032 1.1085 1.1116 1.1169 1.1200 1.1115 1.1138 1.1134 1.1304 1.0984 34.8 41.3 1.1311 1.0973 0.0078 0.0039 328000

AUD/CAD 0.9857 0.9801 0.9819 0.9844 0.9862 0.9887 0.9905 0.9930 0.9818 0.9863 0.9901 0.9988 0.9754 51.2 49.9 0.9951 0.9767 0.0089 0.0044 255000

NZD/CAD 0.8915 0.8775 0.8809 0.8864 0.8898 0.8953 0.8987 0.9042 0.8832 0.8855 0.8892 0.9052 0.8699 59.8 55.2 0.8994 0.8703 0.0097 0.0049 233000

EUR/AUD 1.4295 1.4084 1.4166 1.4216 1.4298 1.4348 1.4431 1.4480 1.4383 1.4425 1.4350 1.4706 1.4223 40.3 43.3 1.4623 1.4216 0.0126 0.0063 182000

EUR/NZD 1.5805 1.5481 1.5625 1.5705 1.5849 1.5929 1.6073 1.6153 1.5989 1.6068 1.5978 1.6275 1.5905 30.9 37.5 1.6247 1.5888 0.0161 0.0080 158000

EUR/CAD 1.4090 1.3883 1.3960 1.4019 1.4096 1.4156 1.4232 1.4292 1.4121 1.4228 1.4205 1.4501 1.4048 40.5 43.0 1.4428 1.4006 0.0115 0.0058 197000

AUD/JPY 100.83 99.44 99.75 100.22 100.54 101.01 101.32 101.79 99.57 96.59 96.49 100.70 91.76 83.9 77.4 101.67 91.82 1.07 0.54 216000

NZD/JPY 91.19 89.53 89.89 90.44 90.80 91.35 91.71 92.26 89.57 86.71 86.65 90.51 83.37 87.2 79.0 90.98 82.65 1.02 0.51 227000

XAU/USD 1159.39 1143.84 1150.65 1156.62 1163.43 1169.40 1176.21 1182.18 1159.66 1201.47 1222.12 1255.34 1132.16 38.5 37.7 1274.57 1124.31 19.58 9.79 100

XAG/USD 15.652 15.368 15.471 15.582 15.686 15.796 15.900 16.011 15.647 16.596 17.561 17.802 15.068 30.6 29.9 18.066 15.038 0.424 0.212 4700

XAU/XAG 74.08 72.79 73.30 73.71 74.21 74.62 75.12 75.53 74.14 72.45 69.76 75.19 69.96 64.1 65.0 74.91 70.13 1.16 0.58 110

XAU/EUR 931.68 925.18 928.26 931.50 934.58 937.82 940.90 944.14 932.74 952.77 958.22 985.06 911.65 41.8 41.4 993.97 910.09 13.28 6.64 120

XAG/EUR 12.575 12.370 12.433 12.524 12.587 12.678 12.741 12.832 12.588 13.159 13.762 13.839 12.177 33.1 32.6 14.084 12.188 0.291 0.145 5500

Technical levels

Technical levelsForex (commodities)

Forex (majors) SMA Breakout

Breakout

Bollinger

BollingerSMA RSI

RSI


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ATR Stop Trade size


EUR/NOK 8.4534 8.3403 8.3770 8.4192 8.4559 8.4981 8.5348 8.5770 8.4803 8.4339 8.2823 8.6797 8.3029 51.8 55.9 8.5776 8.2940 0.0743 0.0371 183000

EUR/SEK 9.2288 9.1727 9.1914 9.2168 9.2355 9.2609 9.2796 9.3050 9.2258 9.2260 9.1911 9.3848 9.1399 50.7 52.0 9.3207 9.1349 0.0607 0.0303 244000

EUR/DKK 7.4417 c 7.4368 7.4380 7.4398 7.4410 7.4428 7.4440 7.4458 7.4392 7.4434 7.4442 7.4483 7.4368 48.7 45.7 7.4491 7.4375 0.0023 0.0011 5314000

NOK/SEK 1.0917 1.0743 1.0802 1.0862 1.0921 1.0981 1.1040 1.1100 1.0879 1.0940 1.1100 1.1145 1.0668 48.7 45.7 1.1107 1.0771 0.0098 0.0049 1514000

NOK/DKK 0.8803 0.8671 0.8715 0.8756 0.8800 0.8841 0.8885 0.8926 0.8775 0.8826 0.8990 0.8967 0.8575 47.7 43.6 0.8976 0.8672 0.0078 0.0039 1529000

SEK/DKK 0.8064 0.8004 0.8023 0.8041 0.8060 0.8078 0.8097 0.8115 0.8067 0.8069 0.8100 0.8147 0.7932 48.7 47.4 0.8149 0.7986 0.0054 0.0027 2234000

USD/NOK 6.7924 6.6885 6.7136 6.7583 6.7834 6.8281 6.8532 6.8979 6.8201 6.6902 6.4973 6.9346 6.4927 62.0 65.2 6.9295 6.4661 0.0760 0.0380 179000

USD/SEK 7.4162 7.3367 7.3579 7.3911 7.4123 7.4455 7.4667 7.4999 7.4178 7.3181 7.2092 7.4534 7.1253 59.8 60.4 7.5060 7.1464 0.0715 0.0358 207000

AUD/NOK 5.9141 5.8526 5.8698 5.9006 5.9178 5.9485 5.9657 5.9965 5.8936 5.8464 5.7719 6.0317 5.7161 58.8 59.1 5.9995 5.7006 0.0691 0.0346 197000

AUD/SEK 6.4564 6.3652 6.3905 6.4315 6.4568 6.4978 6.5231 6.5641 6.4125 6.3964 6.4063 6.5342 6.2482 58.0 56.2 6.5413 6.2593 0.0735 0.0367 202000

NZD/NOK 5.3486 5.2555 5.2791 5.3204 5.3440 5.3853 5.4089 5.4502 5.3021 5.2488 5.1837 5.3982 5.1273 66.8 63.9 5.3567 5.1434 0.0679 0.0340 200000

NZD/SEK 5.8395 5.6940 5.7292 5.7892 5.8244 5.8844 5.9196 5.9796 5.7676 5.7415 5.7530 5.8439 5.6370 65.4 60.6 5.8262 5.6595 0.0687 0.0344 216000

CAD/NOK 5.9992 5.9230 5.9445 5.9772 5.9987 6.0314 6.0529 6.0856 6.0026 5.9275 5.8303 6.0618 5.7799 64.1 64.9 6.0878 5.7790 0.0588 0.0294 231000

CAD/SEK 6.5494 6.4584 6.4861 6.5227 6.5504 6.5870 6.6147 6.6513 6.5337 6.4855 6.4707 6.6039 6.3422 58.3 57.2 6.6310 6.3523 0.0616 0.0308 241000

CHF/NOK 7.0308 6.9514 6.9757 7.0074 7.0317 7.0634 7.0877 7.1194 7.0452 6.9961 6.8607 7.2091 6.8815 55.5 58.9 7.1281 6.8680 0.0623 0.0311 218000

CHF/SEK 7.6757 7.6169 7.6368 7.6596 7.6795 7.7023 7.7222 7.7450 7.6659 7.6543 7.6141 7.7815 7.5710 54.9 55.4 7.7404 7.5723 0.0559 0.0280 265000

NOK/JPY 17.05 16.76 16.84 16.91 16.99 17.06 17.14 17.21 16.89 16.52 16.72 17.05 15.81 68.9 63.7 17.06 16.01 0.20 0.10 1139000

SEK/JPY 15.62 15.31 15.42 15.49 15.59 15.66 15.77 15.84 15.53 15.10 15.06 15.69 14.56 69.5 66.5 15.77 14.46 0.18 0.09 1323000

GBP/NOK 10.7155 10.4791 10.5728 10.6531 10.7468 10.8271 10.9208 11.0011 10.8066 10.7057 10.4962 11.0648 10.4267 46.7 52.9 10.9809 10.4537 0.1138 0.0569 119000

GBP/SEK 11.6991 11.5577 11.6303 11.6721 11.7447 11.7865 11.8591 11.9009 11.7579 11.7131 11.6487 11.9101 11.4201 43.3 48.7 11.9165 11.5346 0.1024 0.0512 145000

NOK/PLN 0.4996 0.4916 0.4942 0.4963 0.4989 0.5010 0.5036 0.5057 0.4977 0.5007 0.5075 0.5101 0.4874 49.8 46.3 0.5092 0.4920 0.0046 0.0023 1471000

SEK/PLN 0.4575 0.4527 0.4542 0.4554 0.4569 0.4581 0.4596 0.4608 0.4575 0.4577 0.4572 0.4631 0.4503 50.8 50.4 0.4626 0.4526 0.0032 0.0016 2143000

NOK/HUF 36.26 35.79 35.98 36.09 36.28 36.39 36.58 36.69 36.33 36.53 37.48 37.21 35.65 39.0 37.3 37.03 36.02 0.34 0.17 1447000

SEK/HUF 33.21 32.82 32.98 33.07 33.23 33.33 33.49 33.58 33.39 33.39 33.76 33.78 32.96 41.4 42.6 33.71 33.06 0.28 0.14 1769000

NOK/CZK 3.269 3.220 3.235 3.249 3.264 3.279 3.294 3.309 3.263 3.282 3.335 3.338 3.202 45.1 42.6 3.329 3.235 0.029 0.014 1543000

SEK/CZK 2.994 2.972 2.978 2.985 2.991 2.998 3.003 3.010 2.999 3.000 3.004 3.028 2.957 45.8 46.8 3.023 2.978 0.021 0.010 2134000

Technical levelsForex (scandies) RSI BollingerSMA Breakout


4

ATR Stop Trade size


EUR/PLN 4.2228 4.2047 4.2099 4.2143 4.2195 4.2239 4.2291 4.2335 4.2206 4.2228 4.2023 4.2394 4.2004 53.2 54.1 4.2341 4.2118 0.0166 0.0083 409000

EUR/HUF 306.43 304.40 305.33 305.93 306.86 307.46 308.39 308.99 308.03 308.05 310.32 310.85 305.46 37.3 40.8 310.51 305.64 1.74 0.87 283000

EUR/CZK 27.631 27.448 27.517 27.593 27.662 27.738 27.807 27.883 27.674 27.680 27.612 27.834 27.447 42.7 46.9 27.871 27.502 0.096 0.048 464000

EUR/RON 4.4311 4.4168 4.4210 4.4259 4.4301 4.4350 4.4392 4.4441 4.4292 4.4218 4.4137 4.4427 4.4082 60.9 58.6 4.4332 4.4098 0.0114 0.0057 624000

PLN/HUF 72.58 72.13 72.36 72.51 72.74 72.89 73.12 73.27 72.98 72.95 73.85 73.59 72.39 35.7 37.8 73.53 72.38 0.38 0.19 1291000

CZK/PLN 0.1528 0.1510 0.1516 0.1519 0.1525 0.1528 0.1534 0.1537 0.1525 0.1525 0.1522 0.1541 0.1512 56.9 55.1 0.1536 0.1514 0.0007 0.0004 9340000

CZK/HUF 11.0909 10.9281 10.9924 11.0247 11.0890 11.1213 11.1856 11.2179 11.1257 11.1277 11.2382 11.2392 11.0498 43.2 43.4 11.1872 11.0646 0.0644 0.0322 7649000

USD/PLN 3.3931 3.3544 3.3640 3.3779 3.3875 3.4014 3.4110 3.4249 3.3949 3.3497 3.2962 3.4233 3.2650 61.4 61.6 3.4224 3.2832 0.0311 0.0155 218000

USD/HUF 246.25 243.62 244.60 245.52 246.50 247.42 248.40 249.32 247.76 244.35 243.37 250.69 237.77 52.3 54.4 250.68 238.50 2.53 1.26 195000

USD/CZK 22.2030 21.9161 21.9971 22.1275 22.2085 22.3389 22.4199 22.5503 22.2618 21.9576 21.6578 22.4587 21.3775 57.0 58.9 22.5234 21.4418 0.2035 0.1017 218000

USD/RON 3.5605 3.5217 3.5321 3.5472 3.5576 3.5727 3.5831 3.5982 3.5620 3.5071 3.4617 3.5869 3.4251 63.1 62.5 3.5873 3.4335 0.0307 0.0153 232000

ATR Stop Trade size


EUR/TRY 2.8045 2.7666 2.7820 2.7913 2.8067 2.8160 2.8314 2.8407 2.8075 2.8248 2.8476 2.9239 2.7564 43.8 42.6 2.8844 2.7563 0.0251 0.0125 180000

USD/TRY 2.2523 2.2255 2.2359 2.2436 2.2540 2.2617 2.2721 2.2798 2.2578 2.2400 2.2328 2.2858 2.1902 54.9 53.7 2.2749 2.2021 0.0213 0.0106 212000

EUR/ZAR 13.9576 13.7607 13.8339 13.8774 13.9506 13.9941 14.0673 14.1108 13.9779 13.9491 14.0686 14.3160 13.6105 51.2 48.7 14.1875 13.6841 0.1340 0.0670 167000

USD/ZAR 11.2162 11.0517 11.1032 11.1477 11.1992 11.2437 11.2952 11.3397 11.2434 11.0649 11.0346 11.3567 10.8274 60.2 58.2 11.3188 10.8100 0.1209 0.0605 185000

EUR/MXN 16.8824 16.6770 16.7672 16.8144 16.9046 16.9518 17.0420 17.0892 16.8959 17.0780 17.0664 17.4714 16.7764 40.6 42.3 17.3757 16.7510 0.1439 0.0719 189000

USD/MXN 13.5667 13.4657 13.5075 13.5324 13.5742 13.5991 13.6409 13.6658 13.5900 13.5458 13.3856 13.6791 13.4031 52.5 54.2 13.6468 13.4462 0.1016 0.0508 267000

TRY/ZAR 4.9759 4.9383 4.9483 4.9593 4.9693 4.9803 4.9903 5.0013 4.9781 4.9381 4.9405 4.9977 4.8589 62.6 60.0 5.0024 4.8798 0.0316 0.0158 709000

USD/RUB 45.9887 44.2045 44.8637 45.2268 45.8860 46.2491 46.9083 47.2714 46.2453 43.0643 40.2818 48.6286 40.5249 65.5 68.0 47.3093 39.0565 1.0496 0.5248 88000

EUR/RUB 57.232 54.982 55.860 56.321 57.199 57.660 58.539 59.000 57.494 54.303 51.325 60.260 51.520 62.9 64.7 58.568 50.263 1.267 0.634 73000

USD/CNH 6.1337 6.1152 6.1210 6.1267 6.1325 6.1382 6.1440 6.1497 6.1286 6.1268 6.1407 6.1552 6.1113 55.7 51.5 6.1416 6.1112 0.0115 0.0058 1063000

USD/CNY 6.1266 6.1160 6.1196 6.1229 6.1265 6.1298 6.1334 6.1367 6.1213 6.1192 6.1309 6.1301 6.1083 60.8 53.9 6.1279 6.1097 0.0077 0.0038 1599000

USD/HKD 7.7544 c 7.7523 7.7531 7.7537 7.7545 7.7551 7.7559 7.7565 7.7541 7.7555 7.7547 7.7599 7.7515 47.4 47.4 7.7595 7.7514 0.0024 0.0012 6429000

USD/SGD 1.2931 1.2826 1.2855 1.2879 1.2908 1.2932 1.2961 1.2985 1.2915 1.2813 1.2719 1.2977 1.2682 65.3 64.2 1.2989 1.2647 0.0060 0.0030 432000

USD/BRL 2.5682 c 2.5120 2.5235 2.5459 2.5574 2.5798 2.5913 2.6137 2.5611 2.4954 2.4096 2.5881 2.3934 66.3 63.8 2.5862 2.4083 0.0436 0.0218 117000

SGD/JPY 89.57 88.46 88.79 89.14 89.47 89.82 90.15 90.50 89.19 86.26 85.37 89.75 82.69 84.1 79.9 90.76 82.05 0.71 0.35 326000

Technical levels

Technical levels

Forex (CE3)

Forex (emerging markets) RSI BollingerSMA Breakout

SMA Breakout RSI Bollinger


5

ATR Stop Trade size

Instrument Last Sup 3 Sup 2 Sup 1 Pivot Res 1 Res 2 Res 3 5d 21d 55d High (20d) Low (20d) 9d 14d High (20d) Low (20d) 14d Dist. Units (CFD)

WTI Crude (DEC) 77.00 75.06 75.85 76.51 77.30 77.96 78.75 79.41 77.82 80.14 86.58 84.08 75.84 32.2 32.2 83.82 76.39 2.15 1.07 930

Brent Crude (DEC) 80.11 77.59 78.65 79.52 80.58 81.45 82.51 83.38 82.13 84.65 92.56 88.00 80.46 20.4 23.5 88.43 80.92 2.14 1.07 930

Gasoline (DEC) 209.63 203.73 206.37 208.53 211.17 213.33 215.97 218.13 211.54 213.18 231.20 220.53 204.84 38.2 37.1 218.91 207.78 5.48 2.74 37000

Gas oil (DEC) 722.50 708.33 713.92 721.08 726.67 733.83 739.42 746.58 731.10 736.87 790.46 760.25 718.25 37.7 36.2 754.08 719.94 17.10 8.55 120

Heating oil (DEC) 243.90 237.65 240.30 242.50 245.15 247.35 250.00 252.20 246.86 247.56 262.52 254.68 241.38 37.5 37.1 252.19 243.15 5.39 2.70 37000

Natural gas (DEC) 4.134 4.059 4.101 4.143 4.185 4.227 4.269 4.311 4.301 3.956 4.014 4.544 3.620 54.0 54.9 4.446 3.473 0.152 0.076 13000

Gold (DEC) 1159.4 1141.0 1148.8 1153.9 1161.7 1166.8 1174.6 1179.7 1158.9 1202.8 1222.7 1255.6 1130.4 34.0 34.2 1276.5 1124.9 20.4 10.2 98

Silver (DEC) 15.66 15.30 15.42 15.52 15.64 15.74 15.86 15.96 15.62 16.60 17.55 17.82 15.04 28.2 28.2 18.10 15.01 0.45 0.22 4500

Platinum (JAN) 1201.5 1187.4 1193.5 1199.4 1205.5 1211.4 1217.5 1223.4 1205.8 1241.9 1301.2 1285.9 1188.2 30.9 32.1 1292.7 1189.2 23.0 11.5 87

Palladium (DEC) 773.15 753.52 761.58 767.62 775.68 781.72 789.78 795.82 767.55 775.55 807.07 809.00 729.95 47.6 46.5 807.17 745.05 20.24 10.12 99

Copper (DEC) 303.00 298.72 300.23 301.37 302.88 304.02 305.53 306.67 302.68 303.35 306.37 311.40 295.15 48.2 47.9 309.64 297.31 4.73 2.37 42000

Soy bean (JAN) 1056.75 990.58 1017.42 1032.58 1059.42 1074.58 1101.42 1116.58 1040.45 1008.99 986.94 1073.50 943.50 62.4 60.8 1075.55 947.22 29.64 14.82 6700

Wheat (MAR) 543.25 514.17 521.33 534.67 541.83 555.17 562.33 575.67 532.85 536.25 526.92 558.00 514.25 57.6 56.4 553.96 520.36 12.85 6.43 16000

Milling wheat (JAN) 174.75 c 168.75 170.75 172.75 174.75 176.75 178.75 180.75 171.20 169.50 166.70 177.00 162.25 67.1 63.3 176.24 163.39 3.24 1.62 500

Corn (DEC) 381.00 359.75 366.25 372.00 378.50 384.25 390.75 396.50 371.90 363.76 349.42 381.00 342.00 68.8 65.1 383.84 345.31 10.00 5.00 20000

Cocoa (MAR) 2867 c 2782 2818 2843 2879 2904 2940 2965 2887 2970 3070 3150 2853 34.4 35.6 3146 2777 54 27 37

Coffee Arabica (MAR) 188.75 c 183.93 185.72 187.23 189.02 190.53 192.32 193.83 187.59 196.79 199.72 228.40 185.40 36.7 39.5 213.31 177.96 5.74 2.87 35000

Coffee Robusta (JAN) 2041 c 2014 2022 2032 2040 2050 2058 2068 2024 2053 2055 2194 2000 48.9 47.9 2122 1971 33 16 61

Sugar (MAR) 16.36 15.80 15.95 16.15 16.30 16.50 16.65 16.85 15.88 16.16 16.46 16.96 15.42 59.7 53.6 16.88 15.40 0.35 0.18 567000

Cotton (MAR) 60.40 57.65 58.87 59.60 60.82 61.55 62.77 63.50 61.62 62.10 63.11 63.82 61.03 31.2 35.7 63.51 60.73 1.25 0.62 160000

Live cattle (DEC) 167.75 164.91 165.72 166.73 167.54 168.56 169.37 170.38 166.86 166.71 163.30 170.00 161.80 58.5 57.5 169.04 164.81 2.03 1.02 98000

Lean hogs (FEB) 90.80 88.47 88.93 89.87 90.33 91.27 91.73 92.67 88.96 88.04 90.24 91.48 85.60 63.3 57.1 90.33 85.62 1.76 0.88 113000

ATR Stop Trade size

Instrument Last Sup 3 Sup 2 Sup 1 Pivot Res 1 Res 2 Res 3 5d 21d 55d High (20d) Low (20d) 9d 14d High (20d) Low (20d) 14d Dist. Nominal

UST 10Y (DEC) 126.23 125.57 125.84 126.08 126.35 126.60 126.87 127.11 126.28 126.90 125.79 130.53 125.84 44.7 47.6 128.03 125.61 0.64 0.32 310000

UST 15Y (DEC) 140.88 139.67 140.21 140.67 141.21 141.67 142.21 142.67 141.03 141.83 139.76 148.00 140.25 45.2 48.7 143.27 140.13 1.19 0.59 169000

Euro-bund 10Y (DEC) 151.35 150.90 151.10 151.30 151.50 151.70 151.90 152.10 151.29 150.91 150.15 152.49 150.06 61.2 60.1 151.60 150.14 0.61 0.31 262000

Euro-bund 5Y (DEC) 128.17 128.05 128.09 128.14 128.18 128.23 128.27 128.32 128.15 128.00 128.04 128.37 127.69 61.9 57.5 128.26 127.72 0.19 0.10 834000

Euro-BTP 10Y (DEC) 130.63 129.64 130.06 130.30 130.72 130.96 131.38 131.62 130.56 129.54 130.02 131.26 126.56 60.7 57.5 131.15 127.87 0.82 0.41 195000

Gilt 10Y (DEC) 115.75 c 114.71 115.01 115.38 115.68 116.05 116.35 116.72 115.49 115.55 114.09 118.23 114.73 58.2 57.7 116.23 114.67 0.68 0.34 187000

Commodity futures Bollinger

BollingerBond futures

Technical levels

Technical levels

RSISMA Breakout

BreakoutSMA RSI


6

ATR Stop Trade size


S&P 500 mini (DEC) 2040.50 2018.92 2022.83 2029.42 2033.33 2039.92 2043.83 2050.42 2032.10 1969.14 1970.57 2039.00 1813.00 75.7 68.2 2082.32 1868.20 23.48 11.74 85

Nasdaq 100 mini (DEC) 4209.50 4143.17 4154.83 4175.42 4187.08 4207.67 4219.33 4239.92 4172.60 4041.67 4034.86 4186.25 3684.00 75.6 68.5 4311.79 3800.51 54.88 27.44 36

Dow Jones mini (DEC) 17621 17411 17447 17512 17548 17613 17649 17714 17541 16940 16940 17604 15769 81.6 72.4 17949 16023 184 92 11

Russell 2000 mini (DEC) 1188.7 1157.4 1163.2 1174.5 1180.3 1191.6 1197.4 1208.7 1176.7 1136.3 1130.3 1181.9 1038.8 77.9 70.3 1209.1 1070.7 18.7 9.4 110

Euro STOXX 50 (DEC) 3059 2958 2996 3018 3056 3078 3116 3138 3074 3018 3116 3138 2771 50.8 50.0 3142 2906 67 33 24

DAX 30 (DEC) 9264.0 8969.3 9078.2 9141.3 9250.2 9313.3 9422.2 9485.3 9316.5 9066.0 9308.5 9469.0 8350.0 54.3 53.2 9527.1 8654.1 183.2 91.6 9

CAC 40 (NOV) 4206.0 4086.3 4130.2 4154.8 4198.7 4223.3 4267.2 4291.8 4212.2 4123.9 4265.0 4278.0 3784.5 53.9 52.0 4299.5 3966.8 83.2 41.6 19

FTSE 100 (DEC) 6623.0 6528.8 6552.2 6570.8 6594.2 6612.8 6636.2 6654.8 6577.9 6416.3 6574.5 6621.0 6042.5 69.7 62.3 6662.7 6192.7 86.3 43.2 15

IBEX 35 (NOV) 10118 c 9836 9970 10044 10178 10252 10386 10460 10197 10145 10511 10469 9269 44.9 45.5 10539 9784 242 121 7

FTSE MIB 40 (DEC) 18696 c 17892 18259 18477 18844 19062 19429 19647 19091 19060 19948 19770 17500 39.2 41.5 19851 18343 521 261 3

AEX (NOV) 412.6 404.8 407.6 409.4 412.1 413.9 416.7 418.5 412.6 399.6 408.7 416.7 365.5 61.0 57.8 422.2 378.9 6.8 3.4 230

BEL 20 (NOV) 3136.3 c 3103.1 3122.6 3129.4 3148.9 3155.7 3175.2 3182.0 3153.1 3079.5 3132.3 3190.8 2825.2 54.0 53.5 3233.8 2941.7 35.6 17.8 45

OMX S30 (NOV) 1409.75 c 1384.67 1396.58 1403.17 1415.08 1421.67 1433.58 1440.17 1414.85 1370.83 1376.01 1425.75 1246.50 61.4 60.2 1459.32 1292.26 18.79 9.40 790

OBX 25 (NOV) 539.44 c 531.49 534.55 536.99 540.05 542.49 545.55 547.99 538.15 525.28 540.86 542.80 482.70 60.4 56.0 553.62 499.34 8.89 4.45 1500

SMI 20 (DEC) 8902 8769 8804 8828 8863 8887 8922 8946 8853 8597 8668 8905 7864 66.4 63.0 9088 8151 115 57 17

Nikkei 225 (DEC) 17420 16697 16913 17037 17253 17377 17593 17717 16960 15871 15828 17200 14370 78.0 72.5 17677 14146 394 197 590

Hang Seng (NOV) 23987 23475 23603 23758 23886 24041 24169 24324 23714 23494 23810 24199 22545 64.5 58.8 24158 22870 370 185 42

ASX SPI 200 (DEC) 5449 5395 5435 5461 5501 5527 5567 5593 5521 5422 5418 5566 5124 47.6 51.8 5623 5241 63 31 37

Technical levels BollingerEquity index futures SMA Breakout RSI


7

ATR Stop Trade size


Apple 111.25 c 107.88 108.62 109.94 110.68 112.00 112.74 114.06 109.50 105.15 102.00 109.82 94.77 80.5 74.6 113.81 97.28 1.60 0.80 1200

Amazon 311.51 c 305.55 307.17 309.34 310.96 313.13 314.75 316.92 305.03 302.93 317.79 318.98 284.00 60.4 54.2 318.29 287.28 7.16 3.58 280

Bank of America 17.29 c 16.91 16.99 17.14 17.22 17.37 17.45 17.60 17.34 16.84 16.73 17.46 15.43 63.1 60.4 17.75 16.05 0.25 0.13 7900

Barclays 229.50 c 222.43 225.47 227.48 230.52 232.53 235.57 237.58 233.87 225.97 226.29 244.12 203.19 47.6 50.6 244.50 208.90 6.09 3.05 210

Banco Espirito 0.120 c -0.038 0.031 0.076 0.145 0.190 0.259 0.304 0.120 0.120 0.120 0.215 0.101 15.0 19.7 0.120 0.120 0.114 0.057 14000

BMW 83.04 79.89 81.06 81.96 83.13 84.03 85.20 86.10 83.75 82.33 84.99 86.54 74.74 47.6 48.2 86.51 78.64 2.31 1.15 700

BNP Paribas 46.91 c 45.31 46.02 46.46 47.17 47.61 48.32 48.76 48.29 48.39 50.72 50.92 43.28 33.6 37.7 50.73 46.23 1.42 0.71 1100

BP 433.90 c 424.72 427.83 430.87 433.98 437.02 440.13 443.17 436.89 430.11 444.50 445.48 399.59 45.4 45.6 446.80 415.35 9.01 4.50 140

Citigroup 53.42 c 52.57 52.82 53.12 53.37 53.67 53.92 54.22 53.77 52.29 52.11 54.30 48.10 57.4 57.4 55.18 49.65 0.83 0.41 2400

Caterpillar 102.99 c 100.24 100.88 101.93 102.58 103.63 104.28 105.33 102.08 98.74 100.27 102.80 89.37 67.6 61.7 104.88 93.28 1.90 0.95 1100

Commerzbank 11.474 10.822 11.053 11.247 11.478 11.672 11.903 12.097 11.792 11.573 11.779 12.895 9.915 40.9 45.6 12.619 10.632 0.463 0.231 3500

Facebook 74.72 c 72.19 72.87 73.79 74.47 75.39 76.07 76.99 75.04 76.29 76.48 81.16 70.32 43.1 45.2 81.27 71.63 1.89 0.95 1100

Societe Generale 35.175 c 33.347 34.168 34.672 35.493 35.997 36.818 37.322 36.172 37.080 38.829 39.980 32.435 31.9 36.7 39.545 34.810 1.397 0.698 1200

Google 547.31 c 539.54 542.36 544.83 547.65 550.12 552.94 555.41 545.63 541.02 561.77 559.57 508.10 50.2 48.4 565.91 517.22 9.25 4.62 220

Goldman Sachs 190.18 c 187.82 188.57 189.38 190.13 190.94 191.69 192.50 191.11 184.99 183.49 192.68 171.26 60.8 60.1 197.14 173.61 2.76 1.38 730

Inditex 22.09 c 21.62 21.81 21.95 22.13 22.27 22.46 22.60 22.01 21.29 21.66 22.50 19.08 58.1 56.4 22.72 19.99 0.50 0.25 3200

JP Morgan 60.56 c 59.64 59.93 60.25 60.54 60.86 61.15 61.47 61.31 59.14 59.40 61.93 54.26 53.8 54.7 63.10 55.53 1.01 0.50 2000

Netflix 383.86 c 369.70 373.37 378.62 382.29 387.53 391.20 396.45 384.23 382.07 431.08 450.98 331.00 44.0 41.4 398.28 359.22 12.55 6.27 160

Rio Tinto 3021.00 c 2915.50 2939.00 2980.00 3003.50 3044.50 3068.00 3109.00 3007.50 3023.95 3093.66 3200.00 2915.50 51.6 48.9 3127.90 2915.15 77.92 38.96 16

Banco Santander 6.633 c 6.393 6.502 6.568 6.677 6.743 6.852 6.918 6.717 6.841 7.188 7.161 6.346 36.8 37.9 7.114 6.580 0.202 0.101 7900

Vodafone 222.00 c 217.75 218.60 220.30 221.15 222.85 223.70 225.40 212.66 201.75 202.84 222.40 179.10 80.4 73.4 220.91 184.13 4.96 2.48 260

Volkswagen 169.60 164.06 166.16 167.61 169.71 171.16 173.26 174.71 171.34 164.07 166.51 174.80 147.40 56.2 56.0 176.45 153.05 4.13 2.06 390

Technical levels BollingerEquities (majors) SMA Breakout RSI


8

ATR Stop Trade size


Telecom Argentina 21.14 c 20.23 20.52 20.83 21.12 21.43 21.72 22.03 21.28 21.43 20.44 23.90 19.08 45.1 49.2 23.29 19.73 0.90 0.45 2200

KBC Group 40.12 c 38.47 39.22 39.67 40.41 40.86 41.61 42.06 41.10 40.89 42.01 43.34 36.53 39.4 42.7 43.10 38.90 1.24 0.62 1300

Petroleo Brasileiro 10.56 c 9.86 10.19 10.37 10.70 10.89 11.22 11.40 10.69 12.11 15.10 16.18 10.25 30.7 33.5 14.55 9.33 0.78 0.39 2600

Vale 8.82 c 8.34 8.55 8.68 8.89 9.02 9.23 9.36 9.07 10.13 10.98 11.82 8.76 23.5 26.5 11.56 8.61 0.43 0.21 4700

Itau Unibanco Holding 14.140 c 13.423 13.747 13.943 14.267 14.463 14.787 14.983 14.056 14.113 15.283 15.294 12.425 48.3 47.5 15.291 12.844 0.659 0.330 3000

Banco Bradesco 14.33 c 13.49 13.84 14.09 14.44 14.69 15.04 15.29 14.18 14.36 15.52 15.86 12.40 48.1 47.0 15.43 13.18 0.70 0.35 2900

Banco de Chile 74.90 c 74.09 74.35 74.62 74.88 75.15 75.41 75.68 75.18 73.24 73.72 76.04 70.84 60.7 58.3 76.32 70.22 0.93 0.47 2100

Quimica y Minera 23.97 c 22.93 23.17 23.57 23.81 24.21 24.45 24.85 23.74 23.34 25.18 24.10 21.86 56.7 50.7 24.10 22.65 0.65 0.32 3100

Bancolombia 56.86 c 55.29 55.81 56.33 56.85 57.37 57.89 58.41 56.71 55.86 57.69 57.13 53.50 57.9 52.7 57.31 54.54 1.08 0.54 1800

Nokia 6.50 c 6.37 6.43 6.47 6.53 6.57 6.63 6.67 6.54 6.50 6.54 6.94 5.95 47.1 48.8 6.85 6.20 0.17 0.09 9200

Peugeot 8.881 c 8.601 8.720 8.801 8.920 9.001 9.120 9.201 9.085 9.156 9.891 9.654 8.210 35.4 38.2 9.613 8.743 0.334 0.167 4800

Credit Agricole 10.04 c 9.55 9.77 9.90 10.12 10.26 10.48 10.61 10.53 11.16 11.46 11.90 9.89 23.7 30.6 12.26 10.13 0.39 0.19 4200

OTP Bank 4080.0 c 3944.0 3992.0 4036.0 4084.0 4128.0 4176.0 4220.0 4016.2 4006.0 4143.7 4148.0 3852.0 56.4 52.6 4120.0 3900.6 98.7 49.3 5000

MOL Hungarian Oil & Gas 11880 c 11653 11727 11803 11877 11953 12027 12103 11816 11689 11945 11980 11390 56.3 52.8 11941 11430 216 108 2300

Unicredit 5.11 c 4.70 4.90 5.00 5.20 5.30 5.50 5.60 5.46 5.60 5.93 6.12 5.06 30.2 34.5 6.00 5.22 0.25 0.13 6400

Eni 16.14 c 15.45 15.78 15.96 16.29 16.47 16.80 16.98 16.44 16.37 17.46 17.10 15.31 40.1 40.7 16.91 15.88 0.41 0.20 3900

Fiat Industrial 6.94 c 6.51 6.67 6.81 6.97 7.10 7.26 7.40 6.94 6.94 7.33 7.13 6.83 23.1 31.1 6.94 6.94 0.29 0.14 5600

Tenaris 36.48 c 35.51 35.92 36.20 36.61 36.89 37.30 37.58 36.87 38.32 42.03 39.72 36.57 32.7 33.3 40.17 36.35 0.96 0.48 2100

ArcerlorMittal 9.61 c 9.35 9.45 9.53 9.62 9.70 9.80 9.88 9.84 9.95 10.51 10.50 9.01 37.6 40.1 10.47 9.48 0.33 0.16 4900

America Movil 22.85 c 22.02 22.39 22.62 22.99 23.22 23.59 23.82 23.52 23.71 24.55 24.47 23.13 24.3 30.5 24.33 23.09 0.47 0.24 4300

Grupo Financiero Santander Mexico 11.74 c 11.38 11.53 11.63 11.78 11.88 12.03 12.13 11.82 12.62 13.35 13.73 11.58 27.1 31.4 13.74 11.50 0.36 0.18 5500

Grupo Televisa 35.24 c 34.61 34.81 35.03 35.23 35.45 35.65 35.87 35.22 34.55 34.90 36.23 32.22 55.0 54.1 36.55 32.66 0.74 0.37 2700

KGHM Polska Miedz 124.55 c 122.42 123.08 123.82 124.48 125.22 125.88 126.62 124.39 126.20 128.09 131.40 121.40 42.2 44.7 130.31 122.35 2.45 1.23 2800

PKO Bank Polski 36.10 c 34.93 35.37 35.73 36.17 36.53 36.97 37.33 36.43 36.81 37.84 38.08 34.73 33.7 37.9 37.89 35.82 0.71 0.35 9600

Galp Energia 11.11 c 10.59 10.82 10.96 11.19 11.33 11.56 11.70 11.30 11.29 12.29 11.85 10.68 40.5 40.2 11.72 10.88 0.33 0.16 4900

Portugal Telecom 1.45 c 1.35 1.38 1.41 1.44 1.48 1.51 1.54 1.34 1.21 1.48 1.46 0.87 65.9 58.6 1.48 0.92 0.12 0.06 13000

Banco Commercial Portugues 0.071 c 0.060 0.066 0.068 0.074 0.076 0.082 0.084 0.078 0.086 0.096 0.101 0.077 22.0 27.9 0.099 0.072 0.006 0.003 275000

Gazprom 6.33 c 6.13 6.18 6.25 6.30 6.38 6.42 6.50 6.29 6.47 6.86 6.79 6.00 41.3 40.0 6.73 6.20 0.18 0.09 11000

VTB Bank OJSC 1.89 c 1.77 1.80 1.84 1.87 1.91 1.94 1.98 1.82 1.88 2.01 2.00 1.70 52.0 48.2 2.00 1.76 0.07 0.04 28000

Sberbank of Russia 7.00 c 6.72 6.80 6.90 6.98 7.08 7.16 7.26 6.99 7.27 7.85 7.80 6.70 39.4 39.4 7.66 6.85 0.26 0.13 7800

Rosneft Oil Company 5.25 c 5.00 5.05 5.15 5.20 5.30 5.35 5.45 5.21 5.43 5.78 5.70 4.98 39.8 38.8 5.71 5.13 0.16 0.08 13000

Telefonica 12.17 c 11.90 12.00 12.09 12.19 12.28 12.38 12.47 12.03 11.64 11.91 12.30 10.76 65.7 60.8 12.38 10.92 0.27 0.14 5900

BBVA 8.47 c 8.15 8.30 8.38 8.54 8.62 8.77 8.85 8.60 8.81 9.18 9.39 8.29 36.5 38.5 9.28 8.36 0.26 0.13 6200

Repsol 17.410 c 16.925 17.130 17.270 17.475 17.615 17.820 17.960 17.521 17.322 18.142 17.960 15.815 47.0 46.3 18.028 16.688 0.416 0.208 3900

Technical levels Breakout RSI BollingerEquities (regional) SMA


9

Instrument CFD Futures First notice Instrument CFD Futures First notice

Bond futures

WTI Crude (DEC) OILUS CL Nov-24 UST 10Y (DEC) TY Nov-28

Brent Crude (DEC) OILUK LCO Nov-13 UST 15Y (DEC) US Nov-28

Gasoline (DEC) GASOLINEUS RB Dec-02 Euro-bund 10Y (DEC) BUND FGBL Dec-08

Gas oil (DEC) GASOILUK FP Dec-11 Euro-bund 5Y (DEC) BOBL FGBM Dec-08

Heating oil (DEC) HEATINGOIL HO Dec-02 Euro-BTP 10Y (DEC) 10YBTP FBTP Dec-08

Natural gas (DEC) NATGASUS NG Nov-26 Gilt 10Y (DEC) FLG Nov-27

Gold (DEC) GOLD GC Nov-28

Silver (DEC) SILVER SI Nov-28

Platinum (JAN) PLATINUM PL Dec-31 S&P 500 mini (DEC) SP500.I ES Dec-19

Palladium (DEC) PALLADIUM PA Nov-28 Nasdaq 100 mini (DEC) NAS100.I NQ Dec-19

Copper (DEC) COPPERUS HG Nov-28 Dow Jones mini (DEC) DJI.I YM Dec-19

Soy bean (JAN) SOYBEANS ZS Dec-31 Russell 2000 mini (DEC) RUSSELL2000 TF Dec-19

Wheat (MAR) WHEAT ZW Feb-27 Euro STOXX 50 (DEC) STOXX50E.I FESX Dec-19

Milling wheat (JAN) CORN ZC Jan-12 DAX 30 (DEC) DAX.I FDX Dec-19

Corn (DEC) EBM Nov-28 CAC 40 (NOV) CAC40.I FCE Nov-21

Cocoa (MAR) COCOANY CC Feb-13 FTSE 100 (DEC) FTSE100.I FFI Dec-19

Coffee Arabica (MAR) COFFEENY KC Feb-19 IBEX 35 (NOV) IBEX35.I MFXI Nov-21

Coffee Robusta (JAN) RC Jan-02 FTSE MIB 40 (DEC) SPMIB.I SPMIB Dec-19

Sugar (MAR) SUGARNY SB Mar-02 AEX (NOV) AEX.I AEX Nov-21

Cotton (MAR) CT Feb-23 BEL 20 (NOV) BLG20.I Nov-21

Live cattle (DEC) LIVECATTLE LE Dec-08 OMX S30 (NOV) SWE30.I OMX Nov-21

Lean hogs (FEB) LH Feb-13 OBX 25 (NOV) NOR25.I OBX Nov-20

SMI 20 (DEC) SMI.I FSMI Dec-19

Nikkei 225 (DEC) NI225.I SSI Dec-11

Hang Seng (NOV) HSI.I HSI Nov-27

Instrument Instrument

Equities (majors) Equities (regional)

BCH:xnys

SQM:xnys

CIB:xnys

NOK1V:xhel

UG:xpar

ACA:xpar

OTP:xbud

MOL:xbud

CRDI:xmil

ENI:xmil

F:xmil

TS:xnys

MT:xams

AMX:xnys

BSMX:xnys

TV:xnys

KGH:xwar

PKO:xwar

GALP:xlis

PTC:xlis

BCP:xlis

OGZD:xlon

VTBR:xlon

SBER:xlon

ROSN:xlon

TEF:xmce

BBVA:xmce

REP:xmce

Commodity futures

Equity index futures

AMZN:xnas

BAC:xnys

BARC:xlon

BES:xlis

BMW:xetr

BNP:xpar

BP:xlon

C:xnys

CAT:xnys

CBK:xetr

FB:xnas

GLE:xpar

BBVA

Grupo Televisa

GS:xnys

ITX:xmce

JPM:xnys

NFLX:xnas

RIO:xlon

GOOG:xnas

SAN:xmce

VOD:xlon

VOW3:xetr

TEO:xnys

Repsol

Cash & CFD

AAPL:xnas

ArcerlorMittal

Gazprom

VTB Bank OJSC

Sberbank of Russia

Rosneft Oil Company

Telefonica

KGHM Polska Miedz

PKO Bank Polski

Galp Energia

Portugal Telecom

Banco Commercial Portugues

America Movil

Grupo Financiero Santander Mexico

BNP Paribas

BP

Citigroup

Caterpillar

Apple

Amazon

Bank of America

Barclays

Banco Espirito

Commerzbank

Facebook

Cash & CFD

Banco de Chile

Quimica y Minera

Bancolombia

Nokia

Peugeot

Credit Agricole

OTP Bank

MOL Hungarian Oil & Gas

Unicredit

Eni

Fiat Industrial

Tenaris

BMW

Goldman Sachs

Inditex

JP Morgan

Netflix

Rio Tinto

KBC:xbru

PBR:xnys

VALE:xnys

ITU:xnys

BBD:xnys

Societe Generale

Google

Vale

Itau Unibanco Holding

Banco Bradesco

Volkswagen

Telecom Argentina

KBC Group

Petroleo Brasileiro

Banco Santander

Vodafone

Guide to the tables

Relative Strength Index: Red may indicate

overbought levels, meaning an RSI above

70, but decreasing. Green may indicate

oversold levels, meaning an RSI below 30,

but increasing.

Latest traded price. A ‘c’

to the right indicates last

closing price.

A stop target is calculated as ½ ATR. If a long EURUSD position is

initiated at 1.3050 and the distance to stop is 0.0055 then the

stop should be set at 1.2995 (1.3050 – 0.0055)

A trade size is calculated such that the position size (measured in units, not

lots) generates a loss of USD 1,000 (approximately) if the stop target is

triggered at a distance of ½ ATR from entry. In the above EURUSD example a

position size of EUR 181,000 will trigger a USD 995.5 loss using ½ ATR.

Average True Range (ATR) is a measure of volatility. The ATR smooths

the true range using an Exponential Moving Average (EMA).

The true range is defined as:

TR = max [ H – L, abs(H – C), abs(C – L) ]

where C is the previous day’s closing price.

Bollinger Band (two standard deviations):

Green may indicate oversold levels. Red may

indicate overbought levels.

Pivot is the average of the high, low and closing price the previous trading

day: P = (H+L+C)/3.

Sup and Res 1 are the first support and resistance levels:

Sup 1 = 2 * P – H and Res 1 = 2 * P – L

Sup and Res 2 are the second support and resistance levels:

Sup 2 = P – (H – L) and Res 2 = P + (H – L)

Sup and Res 3 are the third support and resistance levels:

Sup 3 = L – 2 * (H – P) and Res 3 = H + 2 * (P – L)

Blue indicates that the current session’s price has traded through a level.

Simple Moving Average (SMA): Green

indicates that the latest price is above

the SMA. Red indicates the opposite.

Breakout is based on Donchian Channels.

Red indicates that the instrument closed

below the previous 20-day low. Green

indicates that the instrument closed

above the previous 20-day high.


10

http://www.investopedia.com/terms/r/rsi.asp

http://www.investopedia.com/terms/a/atr.asp

http://www.investopedia.com/terms/e/ema.asp

http://www.investopedia.com/terms/b/bollingerbands.asp

http://www.investopedia.com/terms/p/pivotpoint.asp

http://www.investopedia.com/terms/s/sma.asp

http://www.investopedia.com/terms/b/breakout.asp

http://www.investopedia.com/terms/d/donchianchannels.asp

Example: Technical levels


11

The daily pivot point and associated support and resistance levels are technical levels, which may indicate turning points in the

market. Therefore these levels can be used for placing entry, profit-taking and stop targets. If the market trades above (below) the

pivot point this may suggest a bullish (bearish) environment. The previous day’s high, low, and close are used to calculate the

present day’s technical levels.

Example: Bollinger bands


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Bollinger bands can be used as a tool for both momentum and mean-reversion. A security may ‘hug’ the upper band on its way

higher. In the other hand, a break of either the upper or lower band can be used as a signal that the momentum in a security is

overextended and may result in reversion towards the mean.

From 3 January 2000 to 1 April 2012 EUR/USD has closed above the upper band 170 times and below the lower band 220 times,

which implies that out of 3456 trading days EUR/USD closed outside the band 11.3 percent of the time.

Example: Donchian channel


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Donchian channel indicates a multi-period trading range (20-days in the example above), and if the price breaks through the multi-

period high or low this may confirm that a new trend is in place. The weakness in JPY against both EUR and USD from the summer

of 2012 and into 2013 is one such example.

Often trend following strategies admit a longer investment horizon and hence larger stops may be utilised to avoid being stopped

out due to short-term volatility inside the trend channel.

Example: Relative strength index


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The relative strength index (RSI) is an oscillator, which ranges from 0 to 100. It is often used together with other technical

indicators as an indication that the security is overbought (above 70) or oversold (below 30). The overbought and oversold

thresholds can be set as desired. Typically a shorter-term RSI requires more extreme thresholds as it will fluctuate more.

Example: Simple moving average


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The simple moving averages (SMA) and cross-overs thereof can be used as indicators of trend. The market has a tendency to hug the

5-day SMA so short-term mean reversion opportunities may arise if the market moves too far away. The 21-day and 55-day SMAs give

an indication of the longer-term direction of the market.


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investments (including derivatives), of any issuer mentioned herein.

None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial

instrument, to make any investment, or to participate in any particular trading strategy. This material is produced for marketing and/or

informational purposes only and Saxo Bank A/S and its owners, subsidiaries and affiliates whether acting directly or through branch offices

(“Saxo Bank”) make no representation or warranty, and assume no liability, for the accuracy or completeness of the information provided

herein. In providing this material Saxo Bank has not taken into account any particular recipient’s investment objectives, special investment

goals, financial situation, and specific needs and demands and nothing herein is intended as a recommendation for any recipient to invest

or divest in a particular manner and Saxo Bank assumes no liability for any recipient sustaining a loss from trading in accordance with a

perceived recommendation. All investments entail a risk and may result in both profits and losses. In particular investments in leveraged

products, such as but not limited to foreign exchange, derivatives and commodities can be very speculative and profits and losses may

fluctuate both violently and rapidly. Speculative trading is not suitable for all investors and all recipients should carefully consider their

financial situation and consult financial advisor(s) in order to understand the risks involved and ensure the suitability of their situation prior

to making any investment, divestment or entering into any transaction. Any mentioning herein, if any, of any risk may not be, and should

not be considered to be, neither a comprehensive disclosure or risks nor a comprehensive description such risks. Any expression of opinion

may be personal to the author and may not reflect the opinion of Saxo Bank and all expressions of opinion are subject to change without

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