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Top trade idea for October 2nd, 2015 – GBP/AUD

Australia is one of those countries where England is referred to as “the old enemy”. These days, thankfully, the reference is usually confined to sporting contents. Over the weekend, Rugby World Cup hosts the English Red Roses will play against the Australian Wallabies. We turn to GBP/AUD to determine a winner. No doubt there will […]

Top trade idea for October 1st, 2015 – USDJPY

Crucial moment for the USDJPY pair as it is barely holding the same area that proved to be support on the left side of the chart and a break lower will only spell troubles for bulls. It is clear now that market is forming a triangle after the dip in the 116 level and the […]

Top trade idea for September 30th, 2015 – AUD/USD

Ahead of key economic data from Australia, China and the US, the AUD/USD has managed to bounce back a little, but it still remains in consolidation mode. It has been moving sideways inside a relatively tight range for the best part of the last five trading days or so, between 0.6940 and 0.7035. It has […]

Top trade idea for September 25th, 2015 – USD/SGD

Fed chair Yellen spoke overnight. In re-iterating the case for a rate lift, she attempted to reverse the unintentional damage done by the signalling components of last weeks’ unchanged rate decision and accompanying statement. Her assurances saw USD strength return, and in the lead up to the speech, and in the hours following, the USD […]

Top trade idea for September 24th, 2015 – AUDNZD

Bullish scenario for the audnzd cross as it is forming a complex correction for the b wave in a zigzag, and this move lower on the daily chart has big chances to be the end of this correction. In this shape, it is being called a double three pattern and the second simple correction after […]

Top trade idea for September 23rd, 2015 – GBP/AUD

The inimitable New York Yankees catcher, Yogi Berra, passed away today. Beyond his impressive baseball record, including 10 World Series rings and three Most Valuable Player (MVP) awards, Berra was also known for his humorous one-liners, affectionately called “Yogisms.” In honor of Berra’s memory, we’d like to analyze GBP/AUD through a series of Yogisms: “Nobody […]

Top trade idea for September 18th, 2015 – USD/CAD

The decision to keep US rates on hold and the accompanying statement from the US Fed saw a quick USD sell off, then a sharp reversal. Given the 25% gain the USD made on a trade weighted basis since mid-2014, there is an argument waiting in the wings that a deferred interest rate hiking timetable […]

Top trade idea for September 17th, 2015 – EURGBP

Today being the Fed day, in the sense that FOMC statement and press conference to follow will strongly influence markets, our suggestion is to focus on a pair that is not US dollar driven, a cross, namely the eurgbp cross. I am hunting here an impulsive move to the upside that should travel maximum until […]

Top trade idea for September 16th, 2015 – EUR/GBP

Contrasting data from the UK and Eurozone has caused the EUR/GBP to turn sharply lower and the cross now appears to be on the verge of a much larger sell-off as the focus returns to the growing disparity of monetary policy between the ECB and the BoE. According to the Office for National Statistics (ONS), […]

Top trade idea for September 11th, 2015 – EUR/AUD

This week’s news of better than expected Australian jobs growth; a strong read on the NABBusiness Conditions Index and surprisingly resilient iron ore prices have all led to a positive week for the Aussie Dollar. In the case of EURAUD, this has seen a well-defined trading range being established. This is shown on the 4 […]

Top trade idea for September 10th, 2015 – USDCAD

Usdcad pair looks bearish to me at current levels so I am favoring the downside here as the pattern that was forming to the upside is not an impulsive move, but merely a double flat pattern. That being the case, the idea is to stay short for the first target, the 1.2860 area with a […]

Top trade idea for September 9th, 2015 – GBP/CAD

Kicking off the upcoming onslaught of central bank meetings, the Bank of Canada opted to leave interest rates unchanged at 0.50% today, as widely expected. Some economists and traders were speculating that the central bank would surprise traders with another unanticipated cut, but the recent recovery in oil prices and solid economic data from the […]

Top trade idea for September 8th, 2015 – WTI/Crude OIL

WTI moved sharply from August low; it recovered around 30% in just five days, so move was very agresive. From an Elliott Wave perspective impulses are sharp; these are structured by five subwaves which tells us where the market is headed. To me it tells that temporary low is in place and that price will […]

Top trade idea for September 4th, 2015 – AUD/NZD

Commodity prices are weighing on currencies of significant producers, such as CAD, NOK, NZD and AUD. However, not all commodities are the same, and more subtle FX traders may look for exposure to particular commodity groups via the relevant currency pairs. Those expecting agricultural commodities to outperform metals and energy could have AUD/NZD on their […]

Top trade idea for September 3rd, 2015 – EURJPY

Looking to buy any dip below the 134 area as from my point of view what we’re seeing on the eurjpy pair is nothing but an impulsive move that ended around the 139 level and this means we should look for a correction. Time element being respected, the correcting started and because we had a […]

Top trade idea for September 2nd, 2015 – GBP/CAD

Crude oil prices fell sharply on Tuesday, ending their recent good run of form.  After a small bounce back this morning, crude prices came under renewed selling pressure this afternoon following the release of the official US stockpiles report from the EIA which showed among other things a sharp build of 4.7 million barrels for […]

Top trade idea for August 31st, 2015 – EUR/USD & GBP/USD

The USD recovered nicely against the EUR last week, clearly with five waves down which means that we are turning bearish again on EUR. However, firstly we need three wave bounce, before we can look for more weakness. Well, price can already be in a correction, but there is room for 1.131-1.1370 before downtrend may […]

Top trade idea for August 28th, 2015 – AUD/USD

In all the volatility this week , the Aussie Dollar hit a 6 year low of .705 against $US Here are 4 chart based reasons why this might just turn out to be a significant low It intersects at potential trend line support which runs through the lows of 2001 and 2008 It represents a […]

Top trade idea for August 27th, 2015 – AUDNZD

This is the audnzd cross and it formed a beautiful impulsive move or five wave structure to the upside followed by a correction. The recent spike higher that took the 1.14 level when stocks in the United States dropped last Monday basically makes the case for a flat pattern as a b wave in pink […]

Top Trade Idea for August 26th, 2015 – GBP/USD

Amidst the rollercoaster ride that unexpected seized most global markets over the last few days, trade in GBP/USD has remained relatively sanguine. Cable rallied “just” 80 pips on Monday, while the dollar lost far more value against the euro and yen, before reversing that move on Tuesday to trade back at the 1.5700 level. As […]

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