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Top trade idea for September 17th, 2015 – EURGBP

By Mircea Vasiu of Capital Properties Fx

Today being the Fed day, in the sense that FOMC statement and press conference to follow will strongly influence markets, our suggestion is to focus on a pair that is not US dollar driven, a cross, namely the eurgbp cross.
I am hunting here an impulsive move to the upside that should travel maximum until the 0.7500 level and minimum 0.7450, hence the take profit.

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Top trade idea for September 18th, 2015 – USD/CAD

By Michael McCarthy OF CMC Markets

The decision to keep US rates on hold and the accompanying statement from the US Fed saw a quick USD sell off, then a sharp reversal. Given the 25% gain the USD made on a trade weighted basis since mid-2014, there is an argument waiting in the wings that a deferred interest rate hiking timetable could see corrective selling of the USD. And the USD/CAD chart agrees.

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Top trade idea for September 23rd, 2015 – GBP/AUD

By Matthew Weller of Forex.com

The inimitable New York Yankees catcher, Yogi Berra, passed away today. Beyond his impressive baseball record, including 10 World Series rings and three Most Valuable Player (MVP) awards, Berra was also known for his humorous one-liners, affectionately called “Yogisms.” In honor of Berra’s memory, we’d like to analyze GBP/AUD through a series of Yogisms

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Top trade idea for September 24th, 2015 – AUDNZD

By Mircea Vasiu of Capital Properties Fx

Bullish scenario for the audnzd cross as it is forming a complex correction for the b wave in a zigzag, and this move lower on the daily chart has big chances to be the end of this correction. In this shape, it is being called a double three pattern and the second simple correction after the x wave in green may be a flat with a failure. If that is the case, the move to follow should be pretty fast and furious.

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Top trade idea for September 25th, 2015 – USD/SGD

By Michael McCarthy OF CMC Markets

Fed chair Yellen spoke overnight. In re-iterating the case for a rate lift, she attempted to reverse the unintentional damage done by the signalling components of last weeks’ unchanged rate decision and accompanying statement. Her assurances saw USD strength return, and in the lead up to the speech, and in the hours following, the USD made big figure gains against the EUR and JPY

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Top trade idea for September 30th, 2015 – AUD/USD

By Fawad Razaqzada of Forex.com

Ahead of key economic data from Australia, China and the US, the AUD/USD has managed to bounce back a little, but it still remains in consolidation mode. It has been moving sideways inside a relatively tight range for the best part of the last five trading days or so, between 0.6940 and 0.7035. It has thus been oscillating between gains and losses around the psychologically important level of 0.7000.



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Top trade idea for October 1st, 2015 – USDJPY

By Mircea Vasiu of Capital Properties Fx

Crucial moment for the USDJPY pair as it is barely holding the same area that proved to be support on the left side of the chart and a break lower will only spell troubles for bulls. It is clear now that market is forming a triangle after the dip in the 116 level and the lower highs/higher lows series is supposed to break eventually. I cannot think of a better reason for the triangle to break but the NFP this coming Friday.

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Top trade idea for October 2nd, 2015 – GBP/AUD

By Michael McCarthy OF CMC Markets

Australia is one of those countries where England is referred to as “the old enemy”. These days, thankfully, the reference is usually confined to sporting contents. Over the weekend, Rugby World Cup hosts the English Red Roses will play against the Australian Wallabies. We turn to GBP/AUD to determine a winner.

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Top trade idea for October 6th, 2015 – USD/JPY

By Gregor Horvat of www.ew-forecast.com

A decline from 125.82 is in three waves with first minor three subwaves in A, so we think that pair is in a big downward corrective retracement. Ideally that is a flat with an extended wave C to 116 area where it might already accomplished wave 4) so traders should not be surprised by a move back to the highs by the year end.

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Top Trade Idea for October 7, 2015 – GBP/USD

By Matthew Weller of forex.com

The big news in global markets today is Anheuser-Busch InBev’s higher buyout offer to SABMiller. After the British-domiciled SABMiller turned down offers of £38 and £40 per share earlier, AB InBev raised its latest proposal to £42.15/share for a total value of $104B. If accepted and approved by anti-trust regulators (a big risk to any potential merger), the deal would create an international behemoth responsible for about one-third of global beer supply.

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Top trade idea for October 8th, 2015 – GBPJPY

By Mircea Vasiu of Capital Properties Fx

The gbpjpy cross is offering the possibility to trade a double combination to the upside and we do have a flat as the first correction, then a small x wave, only for market to form now either another flat (in which case the whole pattern is going to be called a double flat) or a contracting triangle.

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Top trade idea for October 9th, 2015 – AUD/CAD

By Michael McCarthy OF CMC Markets

Uncertainty, ambiguety, approximation – all part of the traders’ world. So when a chart signal sets up perfectly its often welcomed as a small dose of clear instruction from the market.

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Top trade idea for October 14th, 2015 – USD/JPY

By Fawad Razaqzada of Forex.com


The US Dollar is lower once again today, with the GBP/USD rallying on the back of news UK’s employment rate hit the best level since records began in 1971 while the rate of unemployment fell to the lowest since 2008. The EUR/USD has also risen while the USD/JPY has weakened, apparently on the unwinding of the carry trades as stocks have ended their recent good run of form. The dollar could move sharply this week for not only do we have lots of US macroeconomic data to look forward to but some key earnings results too, most notably from large Wall Street banks.

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Top Trade Idea for October 16th, 2015 USD/JPY

By Michael McCarthy of CMC Markets

Higher or lower US interest rates. Sooner, or later? Leading to USD strength, or weakness. After a 25% rise in the dollar index from mid-2014, the only certainty is that USD conditions will affect every currency pair. The direction of the USD is a tough but necessary call for FX traders.Unfortunately, the variables remain opaque. Trends in US economic indicators are positive, but many have slowed recently. The Fed signalled tightening, then squibbed on their signalling. And global growth estimates are thrown in to flux by uncertainty around China.

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Top trade idea for October 21st, 2015 EUR/ JPY

By Matthew Weller of Forex.com

In some ways, traders may be a bit like Walt this week. With only minimal market-moving data on the calendar, traders have keyed in on tomorrow’s European Central Bank meeting like Walter circles the date of our visits weeks in advance. Unfortunately, there’s a big risk that the meeting will turn out to be as unexciting as our new toaster.
The ECB is widely expected to leave monetary policy unchanged tomorrow, with no changes to interest rates or its €1.1T quantitative easing program. Economic data has certainly taken a turn for the worse since the central bank last palavered in early September; most notably, annualized inflation fell back below the zero level last month, while the most recent figures from China, a major trading partner, have been anything but reassuring. That said, the central bank typically prefers to act at meetings where new economic forecasts are released, so it will likely hold off on making any changes until its December meeting.

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Top trade idea for October 22nd, 2015 – EUR / JPY

By Mircea Vasiu of Capital Properties Fx

This double combination on the eurjpy pair needs to break lower and be retraced minimum 61.8% as it is most likely the leg of a contracting triangle of a bigger degree and this implies bearish implications for the cross.Ahead of the ECB meeting today the tone the Euro is trading with is not bullish and it means the outcome of the meeting, whatever it will be, it will not be bullish on the medium term. Inflation is still missing in the Eurozone and the central bank cannot ignore that, so a dovish tone is to be expected.

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Top trade idea for October 23rd, 2015 – AUD / USD

By Ric Spooner of CMC Markets


Last night’s statement by Mario Draghi now poses a clear question for markets about the extent to which the Fed will diverge from other central banks. While there is still a good case for the Fed to hike US rates in December, the ECB’s dovish stance increases the odds that it might delay. Paradoxically, this thinking could actually see the US Dollar weaken against currencies other than the Euro.This thinking, together with general risk on sentiment and another rise in China’s property prices last month saw the AUDUSD rally in the Asian session today.

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Top trade idea for October 26th, 2015 – EUR/USD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: after a break in the trend line, a fall for the euro to 1.0807 – 1.0838 is expected. It’s better to wait for a rebound to 1.1050/1.1060 on Monday. The idea will no longer be valid if the day closes above 1.1140.

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Top trade idea for October 27th, 2015

By Gregor Horvat of ew-forecast.com

Sharp move up last week to 2070 on S&P500 suggests that index is making an extended fifth wave, so uptrend can stay in play even till the end of the month. We see current price in subwave (iii) of 5 so more upside should follow after wave (iv) pullback is complete. There is room for a rally to 2100 as long as 2007 support holds.

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Top trade idea for October 29th, 2015 – USD/CAD

By Mircea Vasiu of Capital Properties Fx

Complex correction for the fourth wave green in an impulsive move of a bigger degree is pointing towards lower levels as this X wave is one of a large construction.
That being said, it is difficult to have a stop loss or invalidation area while it is mandatory to have a move below 1.28 before the fourth wave correction is over. What market formed so far is a double combination pattern for both wave a and b in purple and now we should see the next corrective wave to the downside of a possible double or even triple three.


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