ForexNews.com - Trading Ideas

Top Trade Idea For June 11th, 2014 – $AUDUSD

By Matthew Weller of forex.com

Heading into tomorrow’s Asian session, most traders will be focused on the RBNZ’s interest rate decision and its impact on the New Zealand dollar. However, the AUD/USD has been quietly rallying for the past seven days and a developing technical pattern suggests that the Aussie may steal the Kiwi’s spotlight in the latter half of this week.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 12th, 2014 – EUR/CAD

By Chris Beauchamp of IG Group

The spike in the euro versus the Canadian dollar came to an abrupt end last week following the ECB meeting. As this week has gone on the losses have intensified and now the pair is at its lowest level since early January.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 13th, 2014 – EUR/GBP

By ricspooner of CMC Markets

From a risk: reward perspective, I favour trading strategies that involve entry close to a potential turning point. This allows a relatively close stop loss and (when the trade works) a good reward to risk or pay off ratio. That said, I’m not an advocate of trying to catch falling knives. There needs to be at least some sign of trend change to trigger entry.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 16th– GBP/CHF

By Kenny Simon of Vinson Financials

The week right after June’s NFP was rather quiet but volatility may have begun to brew as of market’s close last week since traders could be expecting market sentiments to impact the before-and-after of this week’s economic events. What should we as traders be aware of in the upcoming days and weeks in order to keep the balance between not missing out on opportunities whilst keeping the risks level at bay?

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 16th, 2014 – EUR/USD

By Todd Gordon of TradingAnalysis.com

Many people ignorantly mock Elliott wave analysis as too subjective to be useful. This article will show how two EUR/USD Elliott Wave counts, one which is currently very bullish towards 1.40 and the other which is very bearish towards 1.2950 can conspire to create a EUR/USD trade to execute right now.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 17th, 2014 – GBP/USD

By Gregor Horvat of ew-forecast.com

Cable is in bullish mode,now again trading close ti 1.7000 psychological level which we think it will be taken out in June. After all market is in uptrend with higher highs and higher lows as clearly shown on the weekly chart below,so we expect more upside as we do not see any signs of a top formation.We suspect that uptrend may extend up to 1.7100.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 18th, 2014 – USD/CHF

By Kathleen Brooks of FOREX.com

There is some key event risk for this pair over the next 24 hours. First up you have the FOMC meeting later on Wednesday.There is some speculation that the Fed Governor could follow the path of the Bank of England and suggest that rate increases could happen sooner than the market currently expects for the US. If she does this could trigger another leg higher in USDCHF.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 19th, 2014 – EUR/USD

By Mircea Vasiu of capitalpropertiesfx.com

Time to take a look at the bigger picture on the eurusd pair and what better moment to do that than right after FOMC statement and press conference.Well, a lot of US dollar sellers right now all over the board but I would say not so fast boys, not so fast.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 20th, 2014 $AUD/JPY

By Michael McCarthy of CMC Markets

he AUD has been remarkably resilient in the face of declining terms of trade, most notably the fall in iron ore prices from US $140 to around $90 per tonne. This is Australia’s most valuable export at the moment, and while the decline in prices and terms is widely expected, recent events have not had the expected negative effect on the AUD.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 23rd, 2014 – CAD/JPY

By Todd Gordon of TradingAnalysis.com

Canadian dollar pairs exploded on Friday on the release of better than expected retail sales and CPI numbers. Just before markets closed for the week, we noticed a pullback underway. We wish to take advantage of that correction to make a trade. Our vehicle will be CAD/JPY.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 25th, 2014 – GBP/NZD

By Fawad Razaqzada of FOREX.com

The daily chart of the GBP/NZD currency pair is looking very interesting as it points to a potential breakout soon. The cross has been stuck in a narrowing range between major resistance at 1.9600/20 and a long-term bullish trend line, currently around 1.9450. A potential break outside of this range could lead to a sharp move in that direction.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 26th, 2014 – EUR/JPY

By Mircea Vasiu of capitalpropertiesfx.com

Price and time, the holly grail in trading makes this analysis on the eurjpy pair extremely interesting. While this is still a daily chart, please note that we have some time constraints: the move to the upside should reach the three targets in the picture above: 141.10, 142.08 and 145.68 in less than the time taken for this falling wedge to form.

For Article With Full Trade Set-up Click Here

Top Trade Idea For June 30th, 2014 – AUD/USD

By Todd Gordon of TradingAnalysis.com

During the month of June, AUD/USD tried on four separate occasions to break above 0.9450/60 but was thwarted each time. Perhaps Professor Randy Pausch** said it best “… brick walls are there for a reason …. (they) give us a chance to show how badly we want something. Because the brick walls are there to stop the people who don’t want it badly enough …”. If (as we suspect) AUD/USD wants to break through this level badly enough, it’s likely to go much further. This is the basis upon which we’re basing our trade.

For Article With Full Trade Set-up Click Here

Top Trade Idea For July 1st, 2014 –Crude OIL

By Gregor Horvat of ew-forecast.com

Price on crude oil has turned bullish in May and based on some strong reactions in the last two months with a clear direction we suspect that market is forming an impulsive recovery. Impulses are five wave patterns, so until we get five waves we will look for higher levels.

For Article With Full Trade Set-up Click Here

Top Trade Idea For July 2nd, 2014 – USD/NOK

By Matthew Weller of FOREX.com

The USDNOK has been in rally mode for the last two weeks, when the Norges Bank explicitly pushed back its timeline for hiking interest rates to the end of next year (vs. the middle of 2015 previously). In fact, the central bank even hinted that it may have to cut interest rates in the interim to revive economic growth.

For Article With Full Trade Set-up Click Here

Top Trade Idea For July 7th, 2014 – AUD/NZD

By Todd GORDON of www.TradingAnalysis.com

Since early June, the New Zealand dollar has been the antipodean dollar of choice. The cross rate has moved 3.5% from 1.1035 to 1.0666 during those few weeks. While medium term analysis suggests that the trend lower may continue, in the nearer term, we may be due for a pullback. Today’s countertrend trade will look to buy AUD/NZD for a move higher after which the downtrend may resume.

For Article With Full Trade Set-up Click Here

Top Trade Idea For July 8th, 2014 – GBP/USD

By Brenda Kelly of IG Group London.

Having established a 6 year high against the dollar, the pound has given back some of its recent gains with British factory output suffering an unexpected slump in May. What is interesting is that this is a sector that recorded its strongest growth in the three months to April and despite some positive private sector surveys implies that momentum is tapering.

For Article With Full Trade Set-up Click Here

Top Trade Idea for July 9th, 2014 – USD/JPY

By Kathleen Brooks of Forex.com

The markets are mostly comatose today as we wait for the FOMC minutes this afternoon. Until then we think that tight ranges will prevail. While it is always a tough call to predict anything that comes out of the Fed, we think that, on balance, the message could be less dovish than recent statements.



For Article With Full Trade Set-up Click Here

Top Trade Idea for July 11th, 2014 – AUD/USD

By Michael McCarthy of CMC Markets

The AUD/USD pair is tiring. USD weakness and good trade data from China saw AUD attempt higher levels, only to fade each time. Traders have heard it all before – but Aussie weakness may arrive once most traders have given up their shorts.

For Article With Full Trade Set-up Click Here

Top Trade Idea for July 14th, 2014 – USD/NOK

By Todd Gordon of TradingAnalysis.com

In the past few months, the Norwegian krone has performed poorest amongst the G10 currencies. With no evidence that the weakness has ended, we’ve been waiting for another opportunity to enter a trade. Asa pullback began in USD/NOK overa week ago, this article will discuss a way to trade that weakness.

For Article With Full Trade Set-up Click Here