ForexNews.com - Trading Ideas

Top Trade Idea For December 17th, 2013 – Crude Oil

By Gregor Horvat of EW-Forecast.com

Crude oil reversed sharply to the upside three weeks back so it seems that five waves down completed larger degree of wave 3) and that current rally is a part of a contra trend reaction. We are talking about wave 4) that could stop around 100 psychological level.



For Article With Full Trade Set-up Click Here

Top Trade Idea For December 18th, 2013 – AUD/USD

By Fawad Razaqzada

The long wait for the FOMC decision is almost over. At 19:00 GMT (14:00 ET) the Fed will release its policy statement, followed by Bernanke’s press conference half an hour later. We expect market volatility to rise a notch or two – even if the Fed decides against tapering.

For Article With Full Trade Set-up Click Here

Top Trade Idea For December 19th, 2013 – EUR/USD


By Raghee Horner of IBFX

The EUR/USD has entered a daily swing buy zone but this could be an uncomfortable entry to take on weakness. The swing buy triggered at the 34 period EMA high/1.3670.



For Article With Full Trade Set-up Click Here

Top Trade Idea For January 3rd, 2014 – EUR/USD

By Ric Spooner of CMC Markets

As I write this piece, the Euro is showing signs of breaking clear of the support between a minor double top pattern.Today’s trade idea is to sell with an initial stop that provides some scope for a re test back into the body of the pattern.


For Article With Full Trade Set-up Click Here

Top Trade Idea For January 6th, 2014 - DXC & EUR/USD

By Dave Floyd of AspenTrading.com

Since the latest rally off the lows in the Dollar Index (DXC) the major FX pairs have seen some wild moves. However, what pair is best suited to take advantage of this DXC rally?

Attached Image (click to enlarge)

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 7th, 2014 - Gold

By Carol Harmer of LIFFE

Gold is correcting back to the 38.2% fib level at the moment...this is at 1251...and if we can clear 1246 this is where we will head...It is advisable to cover all long positions here as the market will be a little overbought and in need of a correction...and we know from the past that this resistance is quite a strong one....We have a few reasons for this resistance...


For Article With Full Trade Set-up Click Here

Top Trade Idea For January 8th, 2014 – EUR/USD

By Fawad Razaqzada of FOREX.com

The EUR/USD failed to react positively to the release of a much-stronger-than-expected eurozone retail sales figure, which showed an increase of 1.4% in November. It rose sharply from the 0.4% drop in October and easily beat expectations of a 0.2% gain. Meanwhile the unemployment rate in the single currency bloc remained unchanged at 12.1% as expected.

http://fncdn.marcwaringventur.netdna...RUSD-daily.png

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 9th, 2014 – EUR/AUD

By Raghee Horner of IBFX

The Euro Sinks on Draghi’s Comments

Thanks! That’s what I say because the euro weakness against the loonie and aussie specifically offers traders an opportunity to set up another euro buy against these weaker “tomato can” currencies.The approach this morning was mainly management based on uptrends that are established on the EUR/AUD and EUR/CAD.

http://fncdn.marcwaringventur.netdna...014/01/231.jpg

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 10th, 2014 – AUD/NZD

By Michael McCarthy of CMC markets

A lower AUD is the stated desire of the governor of the Reserve Bank of Australia. Deteriorating terms of trade, historically low interest rates and concerns about slowing growth in China, have all weighed on the Australian currency. While traders are generally short AUD/USD, these positions face significant risk through tonight’s Non-farm Payrolls. Happily, there’s an alternative.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 13th, 2014 – EUR/JPY

By Ed Ponsi of Barchetta Capital Management LLC

The yen is strengthening across the board, reversing last year’s most prominent major currency trend. There are two main reasons why the yen could rally here:
1) The market is already heavily short the yen. This could result in a massive short-squeeze.


For Article With Full Trade Set-up Click Here

Top Trade Idea For January 14th, 2014 – USD/CHF

By Gregor Horvat of ew-forecast.com

From an Elliott Wave perspective we see USDCHF now in a pullback mode from 0.9125 where pair completed a five wave rise from 0.8800 low as shown on the 4h chart below. We know that after every five waves market will turn into the opposite direction in three legs; ideally in A-B-C waves that represent a corrective structure.

http://fncdn.marcwaringventur.netdna...2014/01/25.jpg

For Article With Full Trade Set-up Click Here

Top Trade Idea For December 15th, 2013 – USD/CAD

By Kathleen Brooks of FOREX.com

USD/CAD has risen over 1% since the payrolls shocker on Friday; however, there could be further upside to go. This pair broke to fresh multi-year highs on Wednesday after a potential consolidation phase failed to materialise. This pair is now within striking distance of a major resistance level at 1.0995 – the high from 28th Sept 2009, which would open the way to 1.1050 – the high from 2nd Sept 2009 and then 1.1125-50 – the August 2009 high.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 16th, 2014 – AUD/USD

By Raghee Horner of IBFX

The aussie had a nice reprieve right up until 7:30pm EST last night when the jobs number were a dismal miss. There were some not-so-quiet talk of a better-than-expected release and this allowed some of the near-term aussie bullish momentum to squeeze sellers for just a little longer. Hanging on to aussie short means trusting in the overall downtrend in the aussie and Gov. Stevens ability to seemingly talk down the currency at will.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 17th, 2014 – AUD/USD

By Michael McCarthy of CMC Markets

Weaker than expected job creation in December saw AUD/USD touch a three and a half year low over the last twenty four hours. A stated desire from the RBA for a lower dollar, deteriorating terms of trade, and the potential for a stronger USD as tapering accelerates, could see significantly lower levels over the coming days and weeks.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 21st, 2014 - USD/JPY

By Dave Floyd of Aspen Trading

As traders, we want to be careful about headlines and then allowing then to give us false trading signals. If you looked up from your screens last week you likely saw some pretty negative headlines and foreasts for USD/JPY due to the sell-off in prices. It is understandable given the run higher it has had, but when you frame the price action lower from an Elliott Wave perspective, you come away with a very different perspective.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 22nd, 2014 – AUD/USD

By Kathleen Brooks of Forex

The Aussie has been in recovery mode today after stronger than expected CPI, which virtually wiped out the prospect of a rate cut from the Reserve Bank of Australia any time soon. Annual Aussie inflation rose to its highest level since Q1 2012. There has been no unifying theme to the economic data in the US in recent days, last week Australia released dismal unemployment data; the economy lost more than 30k full time jobs in December.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 24th, 2014 – EUR/AUD

By Michael McCarthy of cmc markets

Overnight manufacturing data from Europe surprised on the upside. The German manufacturing PMI read at 56.3, from 54.3 previously and above the consensus estimate of 54.6. The read for the Eurozone was 53.9, also well above the former and forecast numbers.


For Article With Full Trade Set-up Click Here

Top Trade Idea For January 27th, 2014 – USD/JPY

By Ed Ponsi of Barchetta Capital Management LLC

My most recent recommendation, a EURJPY short, is doing well, as the head and shoulders pattern has finally broken its neckline. However, there is still plenty of fuel remaining for a yen short-squeeze. According to the most recent commitment of traders report, large speculators are still overwhelmingly short the Japanese currency. Reportable yen speculative positions reveal 128,089 short contracts short vs. just 13, 128 on the long side.

For Article With Full Trade Set-up Click Here

Top Trade Idea For January 29th, 2014 – NZD/USD

By Fawad Razaqzada of Forex.com

The Fed’s two-day meeting concludes on Wednesday and their decision will be released in a statement at 7pm GMT, but there won’t be a corresponding press conference. That’s just as well because the Reserve Bank of New Zealand will release its own rate statement just one hour after the Fed’s

http://fncdn.marcwaringventur.netdna....USD-daily.png
For Article With Full Trade Set-up Click Here

Top Trade Idea For January 30th, 2014 – AUD/NZD

By Raghee Horner of IBFX

This is a straight-forward play on an existing trend that is intact despite a dramatic correction. It takes advantage of what could be an exhaustive move but also has to contend with increased volatility by way of economic hot zones.

For Article With Full Trade Set-up Click Here