ForexNews.com - Trading Ideas

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

By Ric Spooner of CMC Markets


If USDCAD makes a trend peak around current levels it will form an “M” or double top like pattern on the daily chart. I’ve jumped the gun by drawing how this might look on the chart below if yesterday’s high is left as a trend peak.


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Top Trade Idea for February 3rd, 2014 – AUD/USD

By Dave Floyd of AspenTrading.com

Traders, let me preface this ‘Trade Idea’ by calling it a ‘Lotto Ticket’ trade – the odds that it will work are low, but if it does, it could be a real solid gain.

While I maintain a bullish outlook for the Dollar Index (DXC) it does not mean that AUD/USD cannot rally (AUD is not part of DXC) and if the S&P’s and gold rally, they are more likely to drag AUD/USD higher.

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Top Trade Idea For February 4th - GBP/USD

By Carol Harmer of LIFE,

Cable reacted well and the break of 1.6400 saw the market plunge...taking us to our major support of 1.6262..extedning to 1.6257..Now there is scope for further weakness to 1.6230 but on this leg lower we should see this as a small base...and we could then see corrective pressure kick in...


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Top Trade Idea For February 5th, 2014 – EUR/ USD

By Kathleen Brooks of FOREX.com

The single currency has been the wall flower of the FX world of late, and has traded in a tight range between 1.3477 – 1.3550. But this could be the calm before the storm, as we lead up to the ECB meeting on Thursday.

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Top Trade Idea For February 10th, 2014 AUD/USD

By Ed Ponsi of Barchetta Capital Management LLC

Last week, the Reserve Bank of Australia opted to keep its key interest rate on hold at its current record low of 2.5%. and changed its interest rate bias from dovish to neutral. The move can be credited to growing strength in housing, retail sales and construction.

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Top Trade Idea for 12th February 2014 – AUD/USD

By Chris Tevere of FOREX.COM

AUDUSD broke above the key psychological & option related 0.9000 level yesterday and what’s more, the pair shortly thereafter formed a Positive Reversal – Whereby daily RSI made a lower low, but price failed to confirm the low by making a higher low.


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Top Trade Idea for 13th February 2014 – EUR/CAD

By Raghee Horner of IBFX

EUR/CAD Intraday Swing Buy

The EUR found its swagger right around 4:25am EST and sent the USD sharply lower. This EUR driven-USD weakness is a catalyst for the rally in the EUR/CAD.


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Top Trade Idea For February 14th, 2014 - Silver

By Ric Spooner of CMC Markets

Silver began to look interesting for bulls on 5th February. The high at around $20.26 that day put it clearly through the down trend line that originated from the November 2012 peak at $34.40

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Top Trade Idea For February 18th, 2014 – AUD/USD

By Christopher Beauchamp og IG

The current run higher for the Aussie dollar appears to have run its course, having faltered around the US$0.9060 level.

Perhaps the quiet action in the currency pair is down to a fairly uneventful statement from the Reserve Bank of Australia (RBA), which suggested that a time of steady rates is now likely.

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Top Trade Idea For February 19th, 2014 – AUD/JPY

By Fawad Razaqzada of FOREX.com


The Aussie-yen has been fairly predictable of late which, in my opinion at least, makes it a great currency pair to trade. Specifically, it is the price action around the 200-day moving average that has garnered a lot of interest.


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Top Trade Idea For February 20th, 2014 – EUR/JPY

By Forex news

Bullish setup for the eurjpy pair as we are looking at a possible b wave to the upside (meaning it will have a corrective structure) and this b wave is mandatory to go the 61.8% level, basically to values more than the 142.20 area.

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Top Trade Idea For February 21st, 2014 – AUD/USD

By Michael McCarthy of CMC Markets

Some of the largest trading profits come from going against the herd. This knowledge protects contrarian traders from the insults and ridicule of their fellow traders, and keeps them warm through the long dark nights of seemingly endless stop outs.

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

By Ed Ponsi of EdPonsi.com

Europe was hit a ton of bad news last week. PMI reports came in weak, and the International Monetary Fund suggested that the European Central Bank cut interest rates to below zero, citing deflationary fears. All of this bad news knocked the euro off of its perch, but it bounced as it has done so many times recently.

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Top Trade Idea For February 25th, 2014 – AUD/USD

By Gregor Horvat of ew-forecast.com

Always when I am looking for a trading set-up I will try to identify a sentiment and current direction of the market. Today we will look at AUDUSD that has turned up recently after a break out of a downward channel. This is telling me that AUDUSD is in recovery mode, so I am interested in long opportunities.

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Top Trade Idea For February 26th, 2014 – EUR/ USD

By Kathleen Brooks of FOREX.com

Since the start of the year the FX market has been increasingly frustrating for traders’, the prospect of a strong dollar this year has fallen flat and the market is getting increasingly impatient with the dollar’s inability to rally. This has boosted the EUR, which has risen even though the economic data has been patchy in places and Germany is still doing most of the economic heavy-lifting.

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Top Trade Idea For February 27th, 2014 – EUR/USD

By Mircea Vasiu of capitalpropertiesfx.com

It is time to look at the eurusd this week as the pattern we are analyzing is definitely a triangle. The only issue is what kind of a triangle is and the first thing to consider is the time frame we are considering: the daily chart.

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Top Trade Idea For February 28th, 2014 – GBP/JPY

By Ric Spooner of CMC Markets

The GBPJPY pair is showing possible early signs of developing some downward momentum with the slow stochastic (14 day setting) recently starting to trend down and dropping out of the overbought zone (see arrow). At the same time the price chart is thinking rejecting the blue trend line for the third time..yyodKzmE.dpuf

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Top Trade Idea for March 4th, 2013 – EUR/USD

By Carol Harmer of Charmer Charts

Euros reacted well yesterday and once they broke 1.3780 down we came…Now it took a little while to get top target area of 1.3720 but we have done this now and all short positions have been covered.Now the market is a little oversold as you would imagine at the lows.so initially we may well see this bounce back to the break point of 1.3775.

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Top Trade Idea for 5th March 2014 – USD/CAD

By Chris Tevere of FOREX.com

Earlier today the Bank of Canada announced their interest rate decision and while the statement very similar to the one from January, subtle nuances have led to a slightly less dovish read – Thus, the Canadian dollar has caught a bid.

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Top Trade Idea For March 7th, 2014 – EUR/USD

By Michael McCarthy of CMC Markets

Don’t get me wrong – some of my best friends are European. But I may be a little economically prejudiced against them. Their labour markets are rigid, inefficient and too costly. Their social safety nets are in some cases absurdly extravagant.

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