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Top Trade Idea For July 15th, 2014 –AUD/USD

By Gregor Horvat of ew-forecast.com

Today we will take a look at AUDUSD pair and discover a potential trading opportunity. If you are following AUDUSD regularly then you will know that pair has been in uptrend since start of the year. Pair rallied almost 800 pips in seven months, but this trend can be changing now. Let’s take a look why!?

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Top Trade Idea For July 16th, 2014 –GBP/USD

By Fawad Razaqzada of FOREX.com

The pound lost some ground this morning in reaction to the UK labour market data. As expected, the unemployment rate fell to 6.5% in May from 6.6% in April, while jobless claims dropped by 36,300 applications last month which was better than expected. However, earnings growth was again weaker, which remains one of the main reasons why the Bank of England has kept interest rates at record lows.

Top Trade Idea For July 17th, 2014 – EURAUD

By Mircea Vasiu of capitalpropertiesfx.com

Interesting place for the euraud pair as the cross is sitting on a pivotal area both in terms of conflicting fundamentals between the two currencies and technicals. For the Euro part of the equation, the heavy tone we saw lately started with the ECB and the easing measures the central bank took lately but we should always keep in mind that one is not trading only a currency, BUT a currency pair. This means aud should be considered as well and on this side we have Governor Stevens trying to desperately talk down the currency saying that a meaningful recovery in Australia might take another decade.

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

By ricspooner of CMC Markets

Aussie Dollar has developed quite pronounced support just below .9330. This area coincides with the 30 May peak and the market has since failed to move below this area on 3 occasions. This time around, price has found this level having made both a lower low and a lower high.

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Top Trade Idea For July 21st, 2014 – EUR/CAD

ByTODD GORDON of www.TradingAnalysis.com

Since mid-March, the euro has lost about 7% of its value against the Canadian dollar. This trend seems likely to continue but has paused around the 1.4441 level. While it seems poised to move higher in a countertrend move possibly towards the 1.50 level, we recognize the price action of the countertrend and see a possible short setup

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Top Trade Idea For July 23rd, 2014 – USD/JPY

By Matthew Weller of FOREX.com

Out of all the major currency pairs, the USDJPY has undoubtedly been one of the dullest thus far this year. The pair has been trapped within a tight range from roughly 101.00 to 104.00 since mid-January, driving the average weekly range (ATR) to levels not seen since before the introduction of Abenomics in Q3 2012.

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Top Trade Idea For July 25th, 2014 – AUD/CAD

By Ric Spooner of CMC Markets

Aussie/CAD is testing trend line resistance with momentumoscillators like the slow stochastic in the overbought zone.The high of today’s candle is so far well below yesterday’s high. If we also move below yesterday’s low the chances are we will finish the day with both a lower high and a lower low.

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Top Trade Idea For July 28th, 2014 – AUD/CHF

By Todd Gordon of TradingAnalysis.com

As a keen skier, it’s no surprise that Switzerland is one of my preferred European destinations given its slopes, scenery, crisp air and hiking. But during the past year or so, something has been missing. Where are all the Australians? That very distinctive accent has been heard less and less during the past year and we think we know the reason why.

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Top Trade Idea For July 29th, 2014 –USD/JPY

By Gregor Horvat of ew-forecast.com

In today’s update we will take a look at USDJPY as this pair can be very interesting for trading in the next couple of days, maybe even weeks. We can see that market is moving sideways for the last six months. A sideways price action is referred as a correction, in our case it’s in the middle of a bigger three wave decline.

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Top Trade Idea For August 1st, 2014 – AUD/NZD

By Michael McCarthy of CMC Markets

Australia and New Zealand are separated by a lot more than just the Tasman Sea – and are not so friendly rivals in many sports dear to both countries’ hearts. They share a heavy dependence on primary industries. However, NZ’s food producers are currently outperforming Australia’s miners, and it’s showing up in the currency.

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Top Trade Idea For August 4th, 2014 – NZD/USD

By Todd Gordon of TradingAnalysis.com

Since early July, the New Zealand dollar has been weak against the US dollar. In one month, the Kiwi lost 4% of its value and it seems that will continue. Over the last week, the Kiwi has staged a corrective fight back that we feel offers an opportunity to trade.

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Top Trade Idea For August 5th, 2014 – AUD/USD

By Brenda Kelly of IG Group London.

The RBA, as expected left rates unchanged at 2.5% today. This is the 12th consecutive month that rates have been kept on hold – the longest single period since 2006. The general expectation is that the RBA will stand pat until the first half of 2015 at the earliest.

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Top Trade Idea For August 6th, 2014 – NZD/USD

By Fawad Razaqzada of forex.com

It seems like a long time ago when the NZD/USD was pressing against the 2011 peak of around 0.8800/40. A verbal intervention from the RBNZ was enough to shoot it down by a few hundred pips from there, and the Kiwi was pressured further by continued falls in New Zealand’s dairy prices.

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Top Trade Idea For August 8th, 2014 – EUR/GBP

By ricspooner of CMC Markets

After a major decline, the net effect of price movement in the Euro against the Pound since early July has been a broad drift sideways. This loss of momentum often comes before a change in trend. It’s early days yet, but EURGBP is starting to get a head and shoulder look about it.My trade idea is to buy on a break above the resistance of this sideways movement. At this stage, I’ve labelled this as the neck line of a possible head and shoulder style pattern on the chart below -

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Trade Idea for August 11th, 2014 – USD/CHF

By Todd Gordon of TradingAnalysis.com

For most of July, USD/CHF (Swiss Franc) steadily rose about 250 pips or 3% from 0.8855 to 0.9106. Since then, the price action has been range-bound in an 85 pip channel between around 0.9030 and 0.9115. We feel the rise should reach 0.9150 and will suggest a way to trade that.

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Top Trade Idea For August 12th, 2014 –USD/CAD

By Gregor Horvat of EW-Forecast.com

In today’s article we will take a look at USDCAD which has been in a significant recovery for the past five weeks away from 1.0600 area. Market recovered in very sharp manner, referred as an impulse in Elliott Wave terminology. You will notice that pair also took out an important downward channel a few weeks back which is a very important signature for a trend change.

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Top Trade Idea for August 13th 2014 – USD/JPY

By Matthew Weller of FOREXcom)

A few weeks ago, we raised the possibility that USDJPY could see a breakout from its 7-month descending triangle pattern (see “Time for USDJPY Traders to Wake Up?” for more). A few days later, the pair broke out of the pattern, eventually running up to 103.00 before losing steam and pulling back to 101.50 last week. Now, as we go to press, the fundamental picture for USDJPY is mixed, but the technical outlook remains generally bullish.

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Top Trade Idea For August 15th, 2014 – $RUB
By Michael McCarthy

Ruble to Rise from the Rubble
“The country has plunged into a bloody chaos, a fratricidal conflict, a humanitarian catastrophe has hit south eastern Ukraine. We will do all we can to stop this conflict as soon as possible and end bloodshed in Ukraine.”


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Trade Idea For August 18th,2014 – EUR/CAD

By Todd Gordon of TradingAnalysis.com

Predicting reversals can be risky. Last week, we expected a EUR/CAD reversal near 1.4550. On Friday, EUR/CAD reversed at 1.4546 and is currently heading higher. We expect that move higher to end soon and will discuss a EUR/CAD short trade based on the same approach for predicting the reversal at 1.4546.


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Top Trade Idea For August 20th,2014 – USD/JPY

By Kathleen Brooks of FOREX.com

The Jackson Hole conference of central bankers may not be everyone’s idea of a barrel of laughs, but it can be big news for your portfolio. In the past, central bankers have used these speeches to announce changes in monetary policy; this is where Ben Bernanke first announced the prospect of QE. As we lead up to today’s meeting expectations are high that Janet Yellen will announce something equally juicy, especially as we are less than two months’ away from the end of the Fed’s tapering programme, which will bring its latest asset purchase programme to an end. She will speak at 1000 ET, 1500 BST on Wednesday, so expect volatility around this time.


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