ForexNews.com - Trading Ideas

By Gregor Horvat of ew-forecast

Top Trade Idea For May 6th, 2014 – USD/JPY

In our past trade we were looking at the EURUSD longs which are still in play (click here), so today we will focus on some other pair. It will be USDJPY, pair that could start moving in days ahead since pair turned down from 103.00 after a spike that followed the NFP report on Friday.



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Top Trade Idea For May 7th, 2014 – USD/NOK

By Chris Tevere of FOREX.com

USDNOK has been trading in downtrend, making a series of lower highs and lower lows, ever since putting in a top around 6.3130 towards the beginning of February. Technically, over the past month or so USDNOK saw a Negative Reversal, whereby daily RSI made a higher high, but price failed to confirm this by making a lower high.

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Top Trade Idea For May 8th, 2014 – EURGBP

By Mircea Vasiu of capitalpropertiesfx.com

I would like to focus this week on the eurgbp cross and the chart above is the hourly chart, so quite a small time frame to analyze but the pattern here is quite interesting and the reward should be the same.Plus, we all know a pip in the eurgbp cross is worth much more than a normal pip and this should be just an incentive for analyzing the hourly chart as well.

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Top Trade Idea For May 13th, 2014 – GBP/USD

By Brenda Kelly of IG Group London

In GBPUSD, we may have witnessed a top, certainly in the short term. While the market is speculating that the Bank of England will be the pioneers of western central banks in respect of tightening monetary policy, the dollar index having languished below the 80 marker on the back of a dovish FOMC has seen something of a bounce back.

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By Fawad Razaqzada of FOREX.com

Top Trade Idea For May 14th, 2014 – GBP/USD

The Cable came under increased pressure this morning ahead of the Bank of England Inflation Report. We had some solid UK jobs data, but the pound reacted negatively as the numbers were overall a touch weaker than expected.


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BY Mircea Vasiu of capitalpropertiesfx.com

Top Trade Idea For May 15th, 2014 – EUR/USD


As the ECB came last week and messed up all the technical charts possible with the bearish statement calling for acting next time they meet in June, it is about time to re-evaluate the situation on the eurusd and check if there is still something there for the eurusd bulls

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By Ric Spooner of CMC Markets

Trade of The Day For May 16th, 2014 – EUR/CAD

Ok, so I know NZDCAD is not top of mind for most FX traders. It is however, a very interesting looking chart. The Kiwi made a strong and impulsive but now fairly mature looking uptrend against the Canadian Dollar. In recent weeks it’s formed what could be a useful channel formation.


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Top Trade Idea For May 19th, 2014 – EUR/AUD

By OrderFlowTrading.com

Time to get a little exotic! While the major forex pairs saw some more moves last week, one particular cross is looking like a ripe fruit for the picking. Let’s get to know our new friend, EURAUD.What makes this so attractive? We have sentiment moving opposite ways on both sides.

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Top Trade Idea For May 20th, 2014 – EUR/USD

By Gregor Horvat of ew-forecast.com

EURUSD reversed strongly to the downside two week back after the ECB press conference when Draghi made a hint in his speech that they may take appropriate actions if EUR will continue to the upside. Pair fell sharply since then, more than 300 pips away from 1.4000 psychological number.

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Top Trade Idea For May 21st, 2014 – EUR/CHF

By Kathleen Brooks of Forex.com

While most trade ideas tend to be technical in nature on this site, I thought it was about time to have one that is unashamedly fundamental. EURCHF is one of the least volatile crosses in the G10 FX world because of the SNB’s 1.20 peg that has been in place since August 2011. Basically, this means that the Swiss authorities will fight to keep EURCHF above 1.20 in an effort to cap gains in their currency and avoid hurting the Swiss export industry.


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Top Trade Idea For May 22nd, 2014 – GBP/USD

By Mircea Vasiu of capitalpropertiesfx

I know people are bullish on the US dollar and they should have all the fundamental reasons in the world to be so: Fed is tapering (which is still tightening make no mistake), there are increasing talks about a rate hike in the United States to come sooner rather than later, etc.


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Top Trade Idea For May 23rd, 2014 – AUD/USD

By By Michael McCarthy of CMC Markets

Australian currency traders sometimes refer to the local currency as “the little Aussie battler”. This is a compliment. A “battler” is an average person who works hard to improve their lot despite outrageous fortune, while maintaining a cheerful and optimistic outlook. However, times are looking tough for the AUD.



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Top Trade Idea For May 28th, 2014 – USD/JPY

By Chris Tevere of FOREX.COM

Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong positive correlation between the US 10-year yield & USD/JPY.


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Top Trade Idea For May 29th, 2014 – AUD/GBP

By Chris Beauchamp of IG

Having regained the £0.5484 level, AUDGBP has been powered higher by a set of economic figures that have been positively received by the FX market.



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Trade of The Day For May 30th, 2014 – EUR/JPY

By Ric Spooner of CMC Markets

EURJPY has returned to its 200 day moving average for the second time in recent days. It’s also starting to get the look of a developing triangle although a deeper correction is a distinct possibility



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Top Trade Idea For June 2nd, 2014 – USD/JPY

By By Dave Floyd of AspenTrading.com

Traders, while USD/JPY can be a real pain to trade, it is worth noting the current technical position – a break higher could be upon us.I would use 100.80 as a stop-loss and look for a move above 102.15-35 for confirmation that prices are moving higher.

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Top Trade Idea For June 3rd, 2014 – GBP/AUD

By Gregor Horvat of www.ew-forecast.com

GBPUSD has been in downtrend for the last part of May, while AUDUSD has been mostly moving sideways. As such, we see GBP in negative position against the AUD. So today we will focus on cross pair GBPAUD which from the Elliott Wave perspective shows room for much lower level in days ahead.

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Top Trade Idea For June 4th, 2014 – EUR/JPY

By Kathleen Brooks of forex.com

After rallying for 4 consecutive days, the EUR/JPY has come under a bit of selling pressure at the start of today’s session. From a fundamental point of view this makes perfect sense as the longs lighten up their positions ahead of the all-important European Central Bank policy decision tomorrow and following the release of some more lacklustre data from the eurozone this morning.

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Top Trade Idea For June 6th, 2014 – AUD/USD

By Michael McCarthy of CMC markets

Some of the best results in technical trading come when the chart signal goes against the consensus fundamental view. Such surprises can produce a scramble – and excess profits for traders. Widely held expectations that stimulus withdrawal and declining commodity prices will see AUD fall significantly against the USD over the course of the year may once again be confounded. And tonight’s NFP read could be the trigger.

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Top Trade Idea For June 9th, 2014 – EUR/SGD

By Todd Gordon of TradingAnalysis.com

When was the last time you traded the Euro against the Singapore dollar? We’re guessing it’s rare if ever most traders have even looked at this chart. We hope that by the end of this article, the technical case presented makes you confident and comfortable to consider placing a EUR/SGD trade.

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