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Trade Idea For August 22nd ,2014 -GBP/CAD

By Ric Spooner of CMC Markets



After several months of sideways drift, the pound now has the potential to break down against the Canadian Dollar. Comments by Mr. Carney and well behaved UK inflation have recently exerted downward pressure. My trade idea is to sell on a clear break below the 200 day moving average looking for a deeper correction of the major uptrend to get underway.

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Trade Idea For August 25th,2014 – USD/NOK

By Todd Gordon of TradingAnalysis.com


Over the past few weeks, USD/NOK (Norwegian Krone) has fallen almost 3% from almost 6.31 to 6.13. The subsequent pullback from 6.13 has also been weak only reaching 6.20. As we feel it should reach 6.22-6.24, we’ll discuss a way to place a trade allowing for the fact that we’re unsure which form the correction is likely to take. We’ll also take the opportunity to discuss that every trade isn’t equal and how that impacts on risk management.




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Top Trade Idea For August 27th,2014 – EUR/CHF

By Kathleen Brooks of FOREX.com


Since the Swiss National Bank (SNB) imposed its peg in EUR/CHF, this cross has only traded below 1.20 a handful of times, and each time it has bounced off this important level of support. In the three years that the peg has been in place, the market hasn’t tested the SNB’s resolve with any gusto. The market has seemed to accept that you don’t push EUR/CHF below 1.20, otherwise the SNB will act and you could get burnt.


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Trade Of The Day For August 29th,2014 – AUD/JPY

By Michael McCarthy of CMC Markets

Despite the wishes of RBA Governor Glenn Stevens, the AUD continues to defy gravity. Lower commodity prices should see lower terms of trade, and a lower Aussie, yet the currency continues to frustrate short sellers. Eventually, USD strength as stimulus is withdrawn should see a lower AUD/USD. But the AUD/JPY chart is telling a different story.



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Trade Idea For September 2nd,2014 – AUD/USD

By Todd Gordon of TradingAnalysis.com


For five months, the Australian dollar has been consolidating within a tight range from 0.92 to 0.95. Despite periods of significant US dollar strength, the Aussie held up better than most other G10 currencies. With signs of the end of US dollar strength, the Australian dollar finally has a chance of moving above 0.95. Right now, we’ll look to trade in that direction, conservatively aiming for 0.94.

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Top Trade Idea for September 3rd 2014 – USD/CNH


After an unexpectedly weak first half of the year, the offshore Chinese yuan (CNH) has been gradually strengthening over the last few weeks. From an economic perspective, this shift coincided with rapid improvements in both the official and HSBC measures of Manufacturing PMI, which simultaneously peaked at 51.7 last month. Unfortunately, this week’s data was unable to build on the recent advance, with the official Manufacturing PMI ticking down to 51.1 and the HSBC reading dropping nearly into contractionary territory at just 50.2. While further deterioration in these indicators could eventually drive USDCNH back higher, the preponderance of evidence favors more strength in yuan for now.

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Top Trade Idea For September 5th, 2014 – AUD/CAD

By Ric Spooner of CMC Markets

Aussie CAD has formed into a neat rectangle formation having now completed 2 rejections of both the support and resistance.I’ve shown the daily chart here to highlight the rectangle formation. But if you look at the longer term weekly, you’ll see that momentum oscillators like the slow stochastic are still trending up. This leads me to favour long positions here.



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Top Trade Idea For September 8th, 2014 – USD/CHF

By Todd Gordon of TradingAnalysis.com

Four weeks ago, we recommended a USD/CHF long trade (entry 0.9030) which worked as planned http://www.forexnews.com/blog/2014/0...h-2014-usdchf/. In lieu of the ongoing US dollar rally and last week’s ECB rate cut, we’re going back to the well for another USD/CHF long.



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Top Trade Idea For September 12th, 2014 – EUR/AUD

By Michael McCarthy of CMC Markets

I love it when a triple signal comes together!
EUR/AUD has rallied almost 5 big figures over the last 5 trading days. This looks like a stunning reversal of an established down trend.

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

By Todd Gordon of TradingAnalysis.com

Last week, we recommended a USD/CHF long towards 0.9350 on a fourth wave pullback. While our target was reached, price didn’t pull back enough to trigger the entry. This time, we’ve waited for a euro fourth wave pullback to end and have designed a short trade around it.

Top Trade Idea For September 23th, 2014 – EUR/GPB

By Todd Gordon of TradingAnalysis.com


Late last week, we saw a 200 pip fall in EUR/GBP with the low almost reaching 0.78. While price has since pulled back towards 0.79, we expect the 0.78 level to be retested and surpassed later this week. Therefore, we’re looking to trade it. While sterling pairs aren’t our preferred instruments, it’s a light week regarding UK news (which makes it more tradeable).


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Top Trade Idea for September 24th 2014 –GBP/AUD

By Matthew Weller

At the start of this month, GBPAUD bulls were in full panic mode. The volatile pair had dropped to a new 10-month low to approach the 1.7200 level, down nearly 2,000 pips from the January high. In retrospect, the lopsided balance of buyers and sellers at that point represented the apex of selling pressure, and rates have since rallied back with a vengeance. The pair has surged a breathtaking 1,300 pips in just 2.5 weeks and is now at its highest level since mid-March. After such a massive move, the biggest question on the tips of traders’ tongues is, “Can the GBPAUD rally extend further or is it due for a reversal?”


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Top Trade Idea For September 26th, 2014 – USD/JPY

By Ric spooner of CMC Markets

After a stellar rally, USDJPY might complete a double top here. This would happen if price breaks support at 108.25 instead of rallying past the potential double tops.A typical approach by pattern traders would be to set a stop entry sell order below the double top support looking for a correction of the last major rally.


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Top Trade Idea For September 29th, 2014 – SGD/JPY

By Todd Gordon Founder – TradingAnalysis.com


In early August, SGD/JPY (the Singapore dollar against the Japanese yen) hit a low near 81. Five weeks later, it began a serious uptrend which saw a rise of more than 500 pips. For the past week or so, it has consolidated within a narrow range. This should provide us an opportunity to join the uptrend for another hundred pips or more.



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Top Trade Idea For October 1st,2014 – USD/JPY

By Fawad Razaqzada of FOREX.com


The USD/JPY pair has finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65 level was the high achieved back in August 2008. Around these levels I would expect to see some profit-taking, which may apply some downward pressure on the currency pair, especially as we have several important US data releases coming up this week, including Friday’s nonfarm payrolls report.At this stage, it is difficult to say how deep price may retrace if we do see some actual selling activity.





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Top Trade Idea For October 3rd, 2014 – USD/JPY

By Ric Spooner of CMC Markets

Markets often require patience. Last week I wrote about a potential double top in USDJPY. The setup didn’t trigger and the Dollar actually pushed a little higher.




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


By Todd Gordon of TradingAnalysis.com

Friday’s non-farm payroll number was positive for the US dollar. NZD/USD saw an immediate push lower from about 0.7860 towards the recent low of 0.7713. Price has since moved higher and is approaching 0.78. We see that as an opportunity to short NZD/USD on an expected retest of 0.77.



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Top Trade Idea For October 7th, 2014 – USD/JPY


By Gregor Horvat of Forex Market


Today we will focus on USDJPY which has been in strong uptrend for the last few months, particularly during September when pair gained more than 600 pips. On the daily chart below we can see the price action from July with accelerating bullish waves in August and September. Well, you will notice that in the last two weeks or so pair did not go far. We actually see a sideways move in around 200 pip range. Therefore we suspect that market is just slowing down in a corrective pause before we get a next break higher. Based on previous sharp rise, which we think it was wave 3, then we can suspect that current slow and range move is wave 4.

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Top Trade Idea For October 10th, 2014 – USD/JPY


By Michael McCarthy of CMC Markets


Recent USD weakness is playing out after two months of strength. Similarly, JPY strengthened as the possibility the BoJ will hold off on further stimulus following public complaints from Japanese companies hurt by the weaker yen. This combination of factors offers an against the long-term fundamentals trade.

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Top Trade Idea For October 15th, 2014 – EUR/GBP


By Fawad Razaqzada of FOREX.com


Yesterday’s UK inflation figures suggested price pressures weakened sharply in September with the CPI dropping to 1.2% from 1.5% previously. This helped to push the first BoE rate hike expectations further out, and sterling was pounded as a result. Today however the pound is making a comeback following the publication of UK jobs data, which were mostly better than expected. Total unemployment in the UK fell by a good 154 thousand in the three months to the end of August. At 1.97 million, unemployment is now below the two million mark for the first since 2008 when we were at the peak of the financial crisis.

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