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Top Trade Idea For November 12th, 2013 - EUR/GBP

By David Jones of IG Markets

The UK recovery story may be the better bet.
Diverging economies present an interesting dilemma in the case of the UK and the eurozone. Markets no longer have to wonder whether the ECB will cut rates in a bid to avert a deflationary spiral.


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Top Trade Idea For November 13th, 2013 – USD/JPY

By Kathleen Brooks of FOREX.com

This pair has been out of the limelight for most of this week after the markets digested the positive NFP data surprise for October, but it could come back into focus over the next 24 hours.

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Top Trade Idea For November 14th, 2013 - EUR/USD

By forexnews

As showed in the chart that comes with this analysis there is a clear three waves move the eurusd did from the 1.38 area to the 1.33 level and this move is a zigzag. Because of that, we are looking at the whole picture to be a leg of a contracting triangle of a bigger degree, hence a corrective wave lower now.

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Top Trade Idea For November 15th, 2013 - USD/CHF

By Michael McCarthy of CMC markets

In a world of competitive currency devaluation it’s often difficult to take a fundamental view. Two central banks weakening their currency, whether by direct sales (Swiss National Bank) or stimulus (US Federal Reserve), represent conflicting forces for the currency pair concerned.

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Top Trade Idea for 18th November 2013 – GBP/JPY

By Ed Ponsi of EdPonsi.com

On the heels of very bullish comments from the Bank of England’s Martin Weale, GBPJPY broke out to a new four-year high on Friday. Weale declared that U.K. growth was stronger than anticipated, and suggested that the BoE might be forced to raise rates late next year.


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Top Trade Idea for 19th November 2013 – EUR/USD

By Gregor Horvat of www.ew-forecast.com

In today’s article we will take a look at the recent price action of the EURUSD which seems to be very interesting from a trading perspective.




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Top Trade Idea for 20th November 2013 – GBP/AUD

By Chris Tevere, of FOREX.com

Earlier this week the RBA’s meeting minutes were released and while they decided to hold rates steady, they also did not close off the possibility of further reductions to support growth. Additionally, they noted the Australian dollar remains uncomfortably high, even though it’s lower than earlier in the year.

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Top Trade Idea For November 21st, 2013 – EUR/USD

By Raghee Horner of IBFX

It may feel like a fade but in reality it’s more of a trend follow and that’s the EUR/USD short sell based on the fresh downtrend on the daily time frame.
Using the five-minute as the set up chart could arguably be micromanaging but there are times that this short-term time frame is perfect.


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Top Trade Idea For November 22nd, 2013 – GBP/USD

By Ric Spooner of CMC Markets

Sell GBP: USD Rectangle Resistance
Cable is making another strong rally off the support of a well defined rectangle pattern. If the upper boundaryof this pattern stops the market again it will be starting to look like a potential triple top.

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Top Trade Idea For November 25th, 2013 – EUR/USD

By Carol Harmen of Charmer Charts

Euros broke the 1.3500 area thus seeing all shorts stopped…Once 1.3525 broke we traded to the 38.2 Fib level located at 1.3556 also a 50% fib level located on the 240 min charts coming in at 1.3564 which has held…
There is slightly more scope for the market to ease this morning and 1.3525/1.3500 would be the immedi- ate short term area.

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Top Trade Idea For November 26th, 2013 – GBP/USD

By Brenda Kelly of IG Group London

GBPUSD has been trading in a fairly tight range for the past 2 months with the 1.5880 at the base and the 1.6260 acting as a barrier to upside. I have suspected for a while that while this trading range will likely continue for the short term the path of least resistance is to the downside for the British pound.

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Top Trade Idea For November 27th, 2013 – EUR/GBP

By Eric Viloria of FOREX.com

EURGBP under renewed pressure within bear channel

EURGBP has come under renewed pressure today following economic releases out of the UK and the Eurozone. In addition, the technical outlook remains bearish and the pair looks poised for continued downside.

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Top Trade Idea For December 2nd, 2013 – USD/CAD

By Ed Ponsi of Barchetta Capital Management LLC

The Loonie, the colloquial term for the U.S. dollar/ Canadian dollar currency pair (USDCAD), recently managed to break through the top of a symmetrical triangle, and Friday’s action carried it further, to a two year high. The ideal entry point for a long position would seem to be near 1.0500, which is the current location of both the former resistance line (descending black line) and the Loonie’s 20-day exponential moving average (blue).

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Top Trade Idea For December 3rd, 2013 – EUR/AUD

By Gregor Horvat of ew-forecast.com

If you are a swing trader, then you definitely want to take trades in the direction of a larger trend. I personally will firstly check weekly or daily chart to identify an impulsive direction of a particular market before I switch to lower time frames where I will try to define exact entries.



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Top Trade Idea For December 4th, 2013 – EUR/USD

By Kathleen Brooks of Forex.com

We have been concerned that this pair is defying gravity for some time. EURUSD has successfully managed to diverge from its yield spread since early November, and even though the German/ US yield differential has been USD positive, EURUSD managed to climb from sub 1.33 lows on 7th November to a high above 1.36 in recent days.

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Top Trade Idea For December 5th, 2013 – EUR/GBP

By Raghee Horner of IBFX

After a super-charged European session that has weakened the pound sterling nad catapulted the euro, the EUR/GBP has corrected higher into 0.8400. Today’s 87 pips range is pushing the upper limits of the typical price movement range for the EUR/GBP.

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Top Trade Idea for 11th December 2013 – EUR/NZD

By Chris Tevere of FOREX.com

EURNZD – Triangle breakout eyes 1.70 and beyond


Key Technical Bullets:

Break below psychological 1.60 level proved to be a bear trap as it was rapidly reversed
Rally since early November looks impulsive – Elliot Wave suggests a 5-wave advance
Pair was consolidating within a triangle pattern for a little over a week
RSI broke above corresponding triangle resistance in advance to price (bullish)

Top Trade Idea for 12th December 2013 – AUD/NZD

By Raghee Horner of IBFX

This trade has a longer-term time horizon and will reward traders who are patient and realize that REAL trends DO correct. The AUD/NZD has accelerated to the downside as RBA Gov. Stevens has given the market a look inside what he wants the aussie trade at: 85 cents. The sell-off was swift and the AUD/USD pierced the 0.9000 level but it’s not the aussie-dollar I am looking at now to sell the aussie but rather the AUD/NZD.



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Top Trade Idea For December 13th, 2013 – EUR/CAD

By Ric Spooner of CMC Markets

Sell rejection ofEUR: CAD Channel Resistance
The Euro is in the process of making its 5th assault on well defined trend channel resistance.
My trade idea this week is to sell with a close stop loss if there is a short term trend peak at or very close to this trend line.

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Top Trade Idea For December 16th, 2013 – USD/CHF

By Ed Ponsi of Barchetta Capital Management LLC

Since mid-November, the U.S. Dollar Index has been grinding lower. Some credit a visible improvement in the U.S. economy, with strength in non-farm payrolls and a falling unemployment rate as the main catalysts. Others point to the release of Janet Yellen’s dovish Capitol Hill testimony on Nov 14 as the turning point, as her pro-stimulus outlook is considered a positive for the economy going forward.



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