ForexNews.com - Trading Ideas

Top trade idea for April 14th, 2016 – USDCHF

By Mircea Vasiu of capitalpropertiesfx.com

Despite the move higher I am looking for another pullback on the USDCHF pair and if you want the fact that it is hesitating at this upper side of a channel makes the trade quite appealing.

It is a risky trade though as possibilities for this triangle at the end of a complex correction are numerous, but it is worth taking a chance.

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Top trade idea for April 15th, 2016 – GBP/USD

By Michael McCarthy of CMC markets

The chances of a Brexit appear low, at least judging by the more reliable phone polling as opposed to the self-selected internet polls. However, the uncertainty in the lead of to the June 23 referendum in Great Britain could weigh on the pound – and a fall from current levels would breach important technical levels.

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Top trade idea for April 18th, 2016 – NZD/CAD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: negotiations in Doha have collapsed. From trade opening on Monday, oil has fallen to $41 per barrel, the NZD is up to 0.8945 against its Canadian counterpart. A double bottom and bull divergence has formed on the daily graph, as has happened on 23rd March earlier this year.



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Top trade idea for April 19th, 2016 – USD/CHF

By Gregor Horvat of ew-forecast.com

USDCHF has turned sharply higher last week, clearly with impulsive price action away from 100% Fibonacci level of wave A) compared to wave C). We have seen a very strong turn back above black wave 4 swing that puts a low in place so we need to be aware of even more upside in days ahead, back to 0.9790 with minimum three waves.



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Top trade idea for April 20th, 2016 – EUR/GBP

By Fawad Razaqzada of Forex.com

The outcome of the European Central Bank’s latest policy decision is due on Thursday. Having just expanded QE at the last meeting in March, the ECB is unlikely to alter its policy further at this meeting. Investors will therefore focus on Mario Draghi’s comments, in particular for any hints on cutting the deposit rate further into negative territory in the future, something the ECB head had suggested would not happen.


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Top trade idea for April 21st, 2016 – GBP/CAD

By Mircea Vasiu of capitalpropertiesfx.com

The GBPCAD chart above is actually coming from the weekly time frame but I zoomed out on the daily to see the details much better.
We have an impulsive move to the upside, or a five wave structure that seems to be ended with a failure. In reality, it is not possible to be a failure, but it must be a five wave structure as it is wave c of a zigzag of a bigger degree.


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Top trade idea for April 22nd, 2016 – GBP/AUD

By Ric Spooner of CMC Markets

This has been a big downtrend. The Pound has been hit by the Brexit vote while the Aussie Dollar has ridden the wave of an unexpected resurgence in commodity prices. Chief among these has been Australia’s main export, iron ore. Despite a bearish consensus outlook, the spot iron ore price is up 84% from its low in November.

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Top trade idea for April 25th, 2016 – AUD/USD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: a pinbar with an upper shade of 130 points has formed on the weekly. It’s a shame that the body is bullish. It’s highly likely that there will be a bounce. Look to sell from 0.7760 with a 0.7535 target.


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Top trade idea for April 27th, 2016 – NZD/JPY

By Fawad Razaqzada of Forex.com

The focus for much of the week has been on the FOMC statement, which is understandable given the lack of any clear trend for the dollar and especially for the EUR/USD pair. As it has turned out, the Fed left interest rates unchanged as expected but in a surprise move it has removed from its statement the reference to global risks, suggesting it is less concerned about economic and financial developments overseas. The initial reaction to the news was dollar positive but as we go to press, the USD has turned mixed.



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Top trade idea for April 29th, 2016 – USD/JPY

By Michael McCarthy of CMC markets

Contrarian traders lead a miserable existence. Around half the time, their trading peers consider them eccentric. Some of the time they suffer as fools, and at times are cast as dangerous lunatics. This is the price of defying popular opinion.


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Top trade idea for May 5th, 2016 – NZD/USD

By Mircea Vasiu of capitalpropertiesfx.com

The NZDUSD pair here is forming the c wave of a flat pattern that must be confirmed and this confirmation comes only if market completely retraces wave c in green until that vertical blue line. Going into the NFP tomorrow this is going to be quite interesting in the sense that this abc move in green is ending a flat pattern as an x wave. Because it comes after a bearish zigzag, it must be continued by a move lower that most of the times is an aggressive impulsive wave.

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Top trade idea for May 6th, 2016 – EUR/GBP

By Ric Spooner of CMC Markets

The Euro has lost upward momentum against the Pound in recent weeks. This is creating what’s shaping up to be a classic distribution style pattern at the top of a strong uptrend.The slow stochastic in the box below the weekly chart is now trending down strongly out of the overbought zone.


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Top trade idea for May 11th, 2016 – EUR/JPY

By Fawad Razaqzada of Forex.com

The EUR/JPY may have formed a reversal pattern at around 121.70-122.00 area at the end of last week. Price action has been bullish since, with some key short-term resistance levels broken down. However, there has been no confirmation of the reversal yet as the major bearish trend lines are still intact and the daily moving averages are all still pointing lower.



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

By Michael McCarthy of CMC markets

The most crowded trade of 2015 – long USD – has burnt holes in many pockets over the last six months. Although weaker US data helped, the circa 8% fall in the US Dollar index is at least partly attributable to the one-way positioning of the market. However, the USD Index chart is bumping the downtrend – and USD/CAD may be leading.


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Top trade idea for May 16th, 2016 – USD/CHF


By Vladislav Antonov of Alpari


Trading opportunities for currency pair: the USD/CHF has crept up close to a strong resistance. A break at 0.98 is expected and then a strengthening of the USD against the franc to 0.9940. Look to buy dollar only after a break in the level and a consolidation above 0.98 that doesn’t last long.

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Top trade idea for May 17th, 2016 – NZD/USD

By Gregor Horvat of ew-forecast.com

On the 4H chart of NZDUSD we are observing an idea of an ending diagonal placed in the last blue leg C, that was recently completed, as sharp reversal through the lower trend line might have just started a new bearish cycle. As of now we think that the first impulsive leg was red wave 1), followed by wave 2) that still seems to be unfolding and will ideally reach the lower trendline that can react as a resistance and a turning point into lower levels of wave 3). puf/



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Top trade idea for May 18th, 2016 – USD/CAD

By Fawad Razaqzada of Forex.com

The US dollar has eased of its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday. Meanwhile, the Canadian dollar has weakened against most major currencies despite the fact crude oil prices have repeatedly hit new 2016 highs this week. Consequently, the USD/CAD pair has been able to hold its own relatively well.

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Top trade idea for May 19th, 2016 – GBP/USD

By Mircea Vasiu of capitalpropertiesfx.com

GBPUSD acting extremely bullish as the day the Fed released the minutes, namely yesterday, a poll in the UK showed that the sentiment is leaning toward a stay at the upcoming EU referendum. It was enough for the pound to squeeze all over the board and even the fact that the minutes were bearish was not enough to bring the pair to the downside much more. However, I would say this is no place to stay long and if that is the case, then why not staying short?

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Top trade idea for May 20th, 2016 – AUD/JPY

By Michael McCarthy of CMC markets

Writers are often advised to read widely. The idea is that the greater the input, and the range of the input, the better the output. The same is true for traders. The more and varied sources of market information, the more potential trades.


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Top trade idea for May 26th, 2016 – USDCHF

By Mircea Vasiu of capitalpropertiesfx.com

I am bullish USDCHF here as no matter how you look at this structure on the daily chart there is only one conclusion that can be drawn: it is a corrective pattern. Not only that it is a corrective pattern, but it should be followed by an impulsive wave so the move that started from 0.9749 should not stop until we have a new high above 1.03, as crazy as this may sound.



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