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Top Trade Idea for April 24th, 2015 – EUR/GBP

The Euro recently dropped out of a double top pattern against the Pound. Since moving below the double top support (“B”) , it has fallen by an amount almost exactly equivalent to 61.8% of the pattern height. 61.8% is the Fibonacci ratio and it’s quite common for price to stop at this point after completing […]

Top trade idea for April 23rd, 2015 – EURUSD

This is the eurusd hourly chart and even if the time frame is so small, it should give us a nice reason for going both short and long. The first step is to short the pair from current levels all the way to making a move below the 1.0518 but the take profit should be […]

Top Trade Idea for April 22nd, 2015 – NZD/USD

The US dollar is easing back a smidge in early US session trade, driven primarily by buying pressure in GBPUSD in the wake of slightly more bullish BOE minutes. As we noted yesterday, the BOE’s current quandary is to weigh how much of the ongoing slowdown in inflation is driven by transitory factors vs. more […]

Top Trade Idea for April 21st, 2015 – AUD/USD

Today’s Top Trade Idea AUDUSD is turning up after a “failure” break to new low at the start of April. We have seen new low for only 30 pips or so, which makes us think that this is not wave (5) yet as leg seems to be too small. As such, we are tracking wave […]

Top Trade Idea for April 20th, 2015 – USD/CAD

Global FX Club) USD/CAD is at an interesting juncture as the pair tumbled this past week from a high of 1.2644 to a low of 1.2087 as the setback came on the back of U.S. crude rising 4 percent after the bullish EIA inventory report. That fundamental fact pair with the technical picture in which […]

Top trade idea for April 17th, 2015 – EUR/AUD

Better than expected employment data in Australia this week saw the AUD make further gains against the EUR, pushing EUR/AUD lower.  However, a bounce off previous support in EUR/AUD to complete a double top formation could see a significant reversal of the seven big figure fall over the last nine trading days. A surprise fall […]

Top trade idea for April 16th, 2015 – GBPCAD

What I am targeting here is nothing but a rising wedge for the gbpcad cross as the 2-4 trend line of the bigger degree impulsive move has been broken yesterday. Actually it is quite interesting as the spike higher yesterday has been sold aggressively on Bank of Canada being quite pleased with the way the […]

Top Trade Idea For April 15th, 2015 – USD/RUB

The USD/RUB is hovering inside a significant support area around 48.55 to 50.75. The lower end of this range corresponds with an old resistance-turned-support level and a bullish trend line, while the upper end is the 61.8% Fibonacci retracement level of the last significant upswing from the June 2014 low. Meanwhile the 200-day moving average […]

Top Trade Idea For April 13th, 2015 – GBP/NZD

GBP/NZD is our preferred trade setup as we start off trading this week, with the pair testing resistance as of late. Indeed, our preferred bias is for a 4 hour break and close above this topside ceiling, which in our opinion will lead to higher levels towards 2.0020 – 2.0420 so long as pivot support […]

Top trade idea for April 12th, 2015 – USD/CAD

USDCAD has formed into a well-defined, rectangular trading range. For me this presents 3 potential trading opportunities: Sell on a clear break of the rectangle support looking for a deeper correction of the major rally leading into this pattern Sell on another rejection of the rectangle resistance. This would set up for a return to […]

Top trade idea for April 9th, 2015 – EURUSD

The eurusd is about to offer the possibility of a really nice rr ratio on the long side in the sense that from the absolute lows in the 1.0470 area, market formed an impulsive move, wave 1 in green, that is a double extended impulsive move. From that moment on, a flat pattern started, and […]

Top Trade Idea for April 8th, 2015 – USD/CAD

“I assure you, ladies and gentlemen, that if we do find oil here – and I think there’s a very good chance that we will – this community of yours will not only survive, it will flourish.” In his inimitable performance as Daniel Plainview in the 2007 movie, “There Will Be Blood,” Daniel Day Lewis […]

Top Trade Idea For April 7th, 2015 –USD/JPY

USDJPY remains bullish for now as on the 4h chart we see corrective pullback from the highs. Always, when we want to identify a contra-trend pattern is important to know that corrections are slow, choppy and overlapping. Well, this is exactly what we see on the chart below. We are looking at a double zigzag […]

Top trade idea for April 2nd, 2015 – USD/CAD

Still on the usdcad this week too as this market is a special one and the reason for that comes from both a technical and a fundamental perspective. From a technical point of view, as long as the 1.2406 lows in the 4th wave green are not broken, then the scope can only be bullish, […]

Top trade idea for March 27th, 2015 – USD/MXN

Many traders will refuse an each way bet. That is, if a trade goes against them, they won’t reverse and go in the new direction. Usually this is a result of at least one painful “whipsawing” as an inexperienced trader. Yet experienced traders know when to break the rules,, and the Mexican peso’s positioning at […]

Top trade idea for March 26th, 2015 – USDCAD

Insisting on a higher usdcad as the recent move to the downside failed to take the previous lows at the end of the contracting triangle, namely the 1.2400 lows. This gives us quite a nice rr ratio as the stop for this trade is the 1.2400, but the target is quite handsome: above 1.2900, making […]

Top trade idea for March 25th, 2015 – AUD/USD

The US dollar is trading lower again in the aftermath of the FOMC’s surprisingly dovish statement last week and after the durable goods orders became the latest US macro data to disappoint expectations. As well as the pound and euro regaining some lost ground, the commodity currencies have also fared well in recent days, not […]

Top Trade Idea For March 24th, 2015 –USD/CAD

Not Top Trade Idea. Only Analysis USDCAD is clearly in bullish mode since 2014, but prices has turned down from latest high so it looks like that new correction is underway which is part of an uptrend. We are tracking idea of an expanded flat that can be taking place in current blue wave (4), […]

Top Trade Idea For March 20th, 2015 – AUD/JPY

Fashions in trading come and go, and many traders are shaped by their biggest wins and losses. This may explain why share market traders tend towards bearishness. Stocks go up by the stairs, and down in the elevator, meaning share traders often get their largest and fastest wins in falling markets. These happy experiences bias […]

Top trade idea for March 19th, 2015 – AUDCAD

Bullish triangle for the audcad cross as this should be part of a zigzag. In order for a triangle to be part of a zigzag we should look for continuation after it is broken but the break should come under strict conditions. That being said, market should not dip below the 0.9650 anymore and this […]

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