ForexNews.com - Trading Ideas

Top trade idea for February 26th, 2016 – GBP/USD

By Ric Spooner of CMC Markets

My trade idea today is based on the potential for a corrective rally in the Pound. It’s been a rough week for the Pound. Last weekend’s announcement that 23 June has been set as the date for the UK to vote on a proposal to leave the EU on June 23 has created a lot of uncertainty.



For Article with Full Trade Set-up Click Here

Top trade idea for March 2nd, 2016 – AUD/JPY

By Fawad Razaqzada of Forex.com

The Australian dollar has outperformed in recent days due mainly to the rebounding commodity prices. In addition, the RBA is no longer considered to be a dovish central bank which means interest rates are likely to remain at 2% for the foreseeable future. In fact, if commodities recover more profoundly and inflation picks up then calls will increase for a rate rise.



For Article with Full Trade Set-up Click Here

Top trade idea for March 3rd, 2016 – AUD/USD

By Mircea Vasiu of capitalpropertiesfx.com

Audusd finally breaking higher and I think it is only the beginning of a bigger move that must go over 0.7700.
What I am looking for here on the pair is a contracting triangle at the end of a complex correction and this contracting triangle just started. Unfortunately for those looking for bigger moves, they are not going to come yet as the triangle only finished its first leg, and who knows how much more time it will take.

For Article with Full Trade Set-up Click Here

Top trade idea for March 7th, 2016 – AUD/USD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: a double bottom has come off and was confirmed on Friday when the quotes headed above 0.7390. Due to a restoral of the oil price to $38.92, the AUD/USD has risen to 0.7435. Growth of Brent to $40.50 will see the AUD/USD lift to 0.7560 (by 20th March), if it hits 42.50 then the rate will rise to 0.7670 (by 10th April).

For Article with Full Trade Set-up Click Here.

Top trade idea for March 8th, 2016 – EUR/GBP

By Gregor Horvat of ew-forecast.com

An ending diagonal on EURGBP appears completed after recently broken red support line which suggests more weakness to come, especially if we consider that decline on hourly chart was made by five waves. As such, price should stay under pressure! Also ending diagonals are very powerful reversal patterns and usually makes a trend change in very powerful mode.




For Article with Full Trade Set-up Click Here.

Top trade idea for March 9th, 2016 – AUD/USD

By Matthew Weller of FOREX.com

As I return to the desk after a much-needed vacation, I’m struck by the big risk-on move markets have seen over the last couple of weeks: US equities are up nearly 10% from the mid-February lows, Oil prices (WTI) have surged by over 40% in the last month, and the (relatively) high-yielding currencies have seen strong bullish moves of their own. While the economic data of late has been mixed, prominently featuring a strong US jobs report on Friday and a shockingly weak Chinese trade balance figure in yesterday’s Asian session, investor sentiment has nonetheless improved markedly.



For Article with Full Trade Set-up Click Here.

Top trade idea for March 10th, 2016 – USD/CHF

By Mircea Vasiu of capitalpropertiesfx.com

This USDCHF pair is not going anywhere to the downside until it completes a contracting triangle at the end of a contracting triangle, namely wave e. This wave is extremely vicious as it implies multiple crossings up and down the parity level until this one is looking its importance. Now that the b-d trend line survived on the previous move to the downside, the parity levels should act as a small resistance until the 1.02 is level is being reached.

For Article with Full Trade Set-up Click Here.

Top trade idea for March 11th, 2016 – EUR/USD

By Ric Spooner of CMC Markets

In the big picture, EURUSD has the look of a large descending triangle pattern. The internal moves in this triangle have a 3 swing formation. The latest swing higher is continuing after an ugly whipsaw session surrounding the ECB meeting.


For Article with Full Trade Set-up Click Here.

Top trade idea for March 14th, 2016 – NZD/USD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: the buyers broke the trend line on the weekly timeframe in February. A pinbar formed last week. At its current position, the pinbar is a weak signal for the strengthening of the NZD, but this isn’t worth ignoring. In this idea I expect to see a strengthening of the Kiwi to 0.7231 (38.2% from 0.6235 to 0.8834) using a double bottom pattern.


For Article with Full Trade Set-up Click Here.

Top trade idea for March 16th, 2016 – GBP/NZD

By Fawad Razaqzada of Forex.com

It has been a big day without much volatility for the UK assets with the announcement of the government budget and this morning’s slightly stronger than expected jobs and wages data. Chancellor George Osborne has announced few surprises at this budget, though the latest economic forecasts from the OBR is a concern. UK growth of 2% is forecast for 2016 which is revised down from 2.4 per cent in November’s Autumn Statement; growth in 2017 and 2018 have also been revised lower to 2.2 and 2.1 per cent, respectively.

For Article with Full Trade Set-up Click Here.

Top trade idea for March 17th, 2016 – AUDUSD

By Mircea Vasiu of capitalpropertiesfx.com

AUDUSD reaching the 61.8% retracement level here and that is a nice place to try a short position as wave a of a lower degree, in purple, most likely will end around these levels.

For Article with Full Trade Set-up Click Here.

Top trade idea for March 22nd, 2016 – GBP/USD

By Gregor Horvat of ew-forecast.com

GBPUSD has turned up in the last few weeks with very sharp price action which we see it as wave IV within big impulsive dowtrend. Fourth waves will typically retrace back to the area of a former wave four, and also for around 38.2% compared to wave three. Well, we can see this around that area, plus there is also a swing low of 1.4565 since 2015 that can also turn into a resistance. So if we put all into one context then 1.4600 can be very interesting new reversal zone, so be aware of a resumption of a bearish trend in days ahead.



For Article with Full Trade Set-up Click Here.

Top trade idea for March 23rd, 2016 – NZD/USD

By Matthew Weller of Forex.com

The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after this morning’s as-expected New Home Sales report. Despite consistent strength in the greenback each day this week, the world’s reserve currency is still down from its pre-Fed levels of last week, so it’s difficult to draw any conclusions about the sustainability of the current move, especially due to the lower liquidity pre-holiday conditions.

For Article with Full Trade Set-up Click Here.

Top trade idea for March 30th, 2016 – GOLD/SLIVER

By Vladislav Antonov of Alpari

Gold Deficit Nearing

Never before in modern history have central banks gone all out en masse with negative interest rates. First the US, then the Japanese, then the ECB, Swiss, English and then the Chinese joined the party; all trying to rear back inflation under control; throwing out the rule book and reopening the text books to get financial markets moving.




For Article with Full Trade Set-up Click Here.

Top trade idea for March 31st, 2015 – GBPUSD

By Mircea Vasiu of capitalpropertiesfx.com

This GBPUSD look bearish from my point of view even though the triangle you can see forming on this daily chart can be a bullish one. But I doubt that.
The thing is that the whole move from the upside is nothing but a corrective wave, namely part of a double combination that started when the pair was traded in the 1.70 area, and after the end of the x wave purple an elongated flat formed.

For Article with Full Trade Set-up Click Here.

Top trade idea for April 1st, 2016 – USD/JPY

By Michael McCarthy of CMC markets

Some traders don’t trade through major data releases. Their reasoning is often that the numbers are simply a roll of the dice, and the potential risks equal or outweigh the potential profits. I disagree.

It’s not just a question of timidity. Trading platforms are becoming more sophisticated, and there are tools that traders can utilise to reduce their risk. We’re talking guaranteed stop loss orders here folks. In my view, potential large post release moves at a guaranteed risk level is worth a small premium, especially where a trader forms a non-consensus view.

For Article with Full Trade Set-up Click Here.

Top trade idea for April 5th, 2016 USD/CHF and USD/JPY

By Gregor Horvat of ew-forecast.com

USDCHF did not go far for the last 48 hours so it appears that bears are still here and that current sideways price action is just another pause within down trend. That said, we think that USDCHF is going to see a new low soon, out from a triangle that already shows signs of a completion. There is room for fifth wave to hit 0.9500



For Article with Full Trade Set-up Click Here.

Top trade idea for April 7th, 2016 – NZDUSD

By Mircea Vasiu of capitalpropertiesfx.com

This NZDUSD pair is anything but bullish and from my point of view bears should try to push it below 0.630 again, hence our target.

The thing is that the corrective move to the upside, or the green a-b-c is a so called flat and most likely it is a simple correction as it is following a zigzag. From this point of view it means it must be confirmed as a simple correction and this implies a sharp move lower.

For Article with Full Trade Set-up Click Here.

Top trade idea for April 8th, 2016 – GBP/USD

By Ric Spooner of CMC Markets

The Pound is a chance of completing a “Gartley” buy set up from here.

The 78.6% Fibonacci retracement intersects around 1.398 while the move down to this level has been in 3 swings (2 in the direction of the retracement with a correction in between).

For Article with Full Trade Set-up Click Here.

Top trade idea for April 13th, 2016 – USD/CAD

By Fawad Razaqzada of Forex.com

he USD/CAD is in focus today and will remain so for a good few days ahead of Bank of Canada policy decision, US and oil stockpiles data all on Wednesday, and Russia-OPEC meeting at the weekend. The general feeling is that an agreement between Russia and large OPEC members will be reached in Doha on Sunday to freeze oil production at January’s levels. This outcome is mostly priced in but will still likely give prices a further short term boost. But will it be a classic case of “buy the rumour...


For Article with Full Trade Set-up Click Here.