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Top Trade Idea For January 27th, 2015 – AUD/USD

On Aussie we have seen another leg down last week, beneath 0.8000. Based on the latest decline and extended structure from the past few months, we suspect that market will not bottom so soon. We are looking at an updated count now that shows we are in wave five of (3) so price will be […]

Top Trade Idea For January 22th, 2015 – USDJPY

Another week, another bullish scenario for the usdjpy as I am still looking for the currency pair to make a contracting triangle in the and and this current move to the upside to be nothing but a zigzag. The zigzag should be the d wave, then a small correction for the e wave and 122 […]

Top Trade Idea For January 21st,2015 – GBP/USD

The two dissenters at the Bank of England finally changed their minds, meaning the MPC voted unanimously for interest rates to remain on hold at the first policy meeting of 2015.  Minutes from the MPC’s last meeting, held earlier this month, have revealed that Martin Weale and Ian McCafferty both dropped their calls for a […]

Top Trade Idea For January 16th, 2015 – NZD/JPY

The Kiwi made a low against the Yen a couple of days ago at the same level it did in mid-December. Not only that, the declines into these lows both consist of 3 swings. This symmetry increases the possibility that the recent low will turn out to be the base of a rectangle pattern as […]

Top Trade Idea For January 15th, 2015 – USDJPY

Contracting triangle on the usdjpy pair pointing towards the d wave green to the upside and, despite the negativity surrounding the equity markets recently, I am favoring a move to the upside for the pair as it should challenge the 120 level again. The triangle here is a horizontal one and this means we should […]

Top Trade Idea – GBP/USD

Good day traders! In today’s article we will focus on GBPUSD which is still in a very strong downtrend as shown on the daily chart below. In fact, bearish swings got some strong momentum lately from 1.5600 area so looks like there is room for more losses ahead. As traders, there is now reason to […]

Top Trade Idea For January 14th ,2015 – AUD/USD

Today’s big trading story is undoubtedly the staggering drop in the price of copper. After today’s nearly 5% drop, the industrial metal is down over 14% already this year, building on the 16.6% plunge in 2014. This is particularly concerning because it is said that “Dr. Copper” has a PhD in global economics: due to […]

Top Trade Idea For January 9th ,2015 – NZD/CAD

Sometimes a technical set up comes along that ticks all the boxes. Bollinger Bands are among the most misused technical indicators. Traders consistently talk about uses of BBs that are so far removed from the mathematics underpinning BB theory that it’s frightening. The New Zealand / Canadian dollar cross is currently offering a lesson in […]

Top Trade Idea For January 8th, 2015 – EURUSD

First full trading week of 2015 brings us back to the eurusd charts as the pair has been sold aggresivelly on the back of a bearish combination from both fundamental and techincal sides. On the fundamental side, the ECB and FED seem to be on divergent paths and while the ECB is being forced to […]

Top Trade Idea For January 7th,2015 – EUR/NZD

Eurostat today confirmed what many had feared: the Eurozone has dipped into deflation. Undoubtedly, the -0.2% year-on-year reading on the headline CPI for the month of December had a lot to do with the collapse in oil prices, because if you exclude energy (and the volatile food, alcohol and tobacco prices)  inflation was actually +0.8%, […]

Top Trade Idea For January 2nd,2015 – USD/JPY

USD/JPY is likely on most traders’ radar for 2015. Expected dollar strength, and yen weakness, mean over the course of the year further gains for the pair are on the cards. However, markets rarely trade in a straight line, and the current price action may be pointing to another significant pullback before higher ground is […]

Top Trade Idea For December 31st, 2014 – USD/CAD

Last week, we highlighted the tight consolidation on USDCAD, discussing the potential for a bullish breakout above key resistance at 1.1670 in depth (see “USDCAD Bull Flagging Below 1.1670 – Big Breakout Still Possible This Year” for more). As it turns out, the pair just couldn’t muster enough strength to break above the critical barrier, […]

Top Trade Idea For December 30th, 2014 – USD Index

Good day to my traders! As you know, every two weeks I am sharing absolutely free trading set-up. Well, two weeks have been around since we shared latest views on EURGBP. Interestingly, shorts on that pair are still fully in progress. Click here for more details. Well, today, we will not share any new trade idea, but […]

Top Trade Idea For December 29th, 2014 – USD/JPY

As we head into 2015 there are many technical and fundamental factors suggesting stock markets are set to continue higher.  The Nikkei 225 is quickly approaching the pre-credit crisis 2007 highs of 19,235, the S&P 500 has sailed to new highs, and the NASDAQ 100 is just below the March 2000 highs of 4816 with […]

Top Trade Idea For December 24th, 2014 – EUR/USD

It is understandably a very quiet day with the stock markets in Italy and Germany closed for the Christmas Eve. Elsewhere, most traders are probably out today too although that does not necessarily mean the markets won’t move. In fact, the lack of volume means there could be bouts of high volatility. Still, that will […]

Top Trade Idea For December 19th, 2014 – USD/RUB

Russian Rouble Roulette It’s hard to go past the Russian rouble as the traders’ choice, given the extraordinary volatility. Extreme price movements demand traders respond with aggressive risk management, but the potential rewards for a good entry are attractive. Trading USD/RUB is not for the inexperienced. However, traders willing to adapt to the environment may […]

Top Trade Idea For December 18th, 2014 – AUDUSD

Yesterday’s FOMC decision and press conference was followed by a US dollar buying mood all over the dashboard as the Fed basically gave a timing for the possible future rate hike: a couple of more meetings away. However, if I were to pick an opposite view, I would pick audusd as a good candidate, and […]

Top Trade Idea For December 17th, 2014 – GBP/USD

As strange as it sounds, the tone of trade for the rest of the week, and perhaps even the rest of the year, could hinge on just two words. The Federal Reserve will release its monetary policy statement and summary of economic projections at 2:00pm ET (19:00 GMT), followed by the press conference with Fed […]

Top Trade Idea For December 16th, 2014 – EUR/GBP

In today’s analysis we will take a look at EURGBP which is in downtrend actually since 2008 as showing on the weekly chart below. On that count we are looking at a double zigzag, now with wave C) in progress that can complete wave (Y) sometime next year. But notice that pair for now still […]

Top Trade Idea For December 15th, 2014 – USD/CHF

After three successful USD/NOK (Norwegian krone) long trades in recent weeks, it’s time to look elsewhere. In so doing, we’re not suggesting the oil price fall has ended. However, we have noticed price moving and closing below a four month uptrend line that may be worth some consideration. We’re talking about “the franc” (the Swiss […]

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