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Top Trade Idea For September 2nd, 2016 EUR/GBP

By Michael McCarthy of CMC markets

Reversing Brexit Sentiment
The conventional wisdom when the British voted to leave the European Union was that the UK economy would suffer much more than the continent. Naturally, this saw the EUR make strong gains against GBP. Despite a lack of clarity around the exit mechanism, EUR/GBP is showing signs that those initial fears could be overblown.

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Top trade idea for September 8th, 2016 – AUD/USD

By Mircea Vasiu of www.capitalpropertiesfx.com.

The audusd pair above is forming a rising wedge on this time frame and despite the recent jump higher and overall bullish character of the market, short side should be favored. The pain for bears was seen for bulls as well as the more aggressive the selling was, equally aggressive buyers stepped in. This makes the pattern to keep more or less the same levels for the whole summer, one thing that is visible on other currency pairs as well.

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Top trade idea for September 9th, 2016 – GBP/USD

By ricspooner of CMC Markets

After plummeting to a post Brexit low around 1.28 in early July, the Pound has bounced around in what looking more and more like a large, triangle is shaped trading range.This week’s high at 1.3445 looks like it might have been the second peak in this triangle pattern. The clue to this possibility is that the trends inside the triangle have been 3 swing formations.

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Top trade idea for September 14th, 2016 – AUD/USD

By Gregor Horvat www.ew-forecast.com

On the daily chart of AUD/USD we are observing big consolidation pattern in fourth wave which is definitely not a simple one. It’s a very complex structure that is underway for around 12 months now so we can expect a very strong break down once the pattern is finished. Latestsubstructuressuggestthatwave IV can be a triangle, and reason for such view is a new swing high at 0.7770 area that we labeled it as wave C-circled. So we actually have two contracting trendlines connected with swing lows and swing highs, between which wave D is now unfolding while we will have to wait on wave E for a few more weeks. So for now pair remains trapped in range outbreak to the downside is expected to occur by the end of the year.

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Top trade idea for September 15th, 2016 – USD/CAD

By Mircea Vasiu of www.capitalpropertiesfx.com

USDCAD preparing the break a bullish triangle as it is looking with interest at the b-d trend line that is rising with each and every candle that passes. The idea of this triangle is that price formed another triangle of a lower degree for the e-wave in magenta and now that that one is completed we should see the new move starting.

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Top Trade Idea For September 16th, 2016 Gold

By Michael McCarthy of CMC Markets

We’ve talked before about many traders’ penchant for asymmetric risk. Market surprises can lead to large moves. The Brexit drove fifteen big figure fall is a good recent example. The market – and the bookmakers – expected a clear Remain majority. As the count progressed the ultimate result became clear, and GBP tanked.



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Top trade idea for September 20th, 2016 – NZD/USD

By Gregor Horvat www.ew-forecast.com

On the daily chart of NZD USD we are tracking a higher degree corrective wave B taking place, with price now trading in final stages of an ending diagonal that seems to be placed in blue wave C. That said we see price trading right above the lower channel line, from where we believe a new sell-off may occur. As we know anending diagonal is strongreversalpatternthatusuallycauses a sharpdrop in priceandthismayhappen on NZDUSD oncethetrend-line supportofthepattern is broken.





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

By ricspooner CMC Markets

Here are key sentences from two central bank statements this week

Reserve Bank of New Zealand: “Our current projections and assumptions indicate that further policy easing will be required to ensure that future inflation settles near the middle of the target range”.

US Federal Open Market Committee: “The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress towards its objectives”

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Top trade idea for September 28th, 2016 – NZD/USD

By Fawad Razaqzada of Forex news

The New Zealand dollar’s recent advance has come to a halt recently after the Reserve Bank of New Zealand suggested that interest rates may need to be cut further from their current record low of 2.0%. The NZD’s retreat has been particularly noticeable against the Australian dollar as the AUD/NZD pair has surged back above 1.0500 after dipping to as low as 1.0240. It looks like the US dollar is also now getting the upper hand on the New Zealand dollar, even though the former has weakened against many other currencies recently, including the Aussie.



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Top trade idea for September 29th, 2016 – EUR/USD

By Mircea Vasiu of www.capitalpropertiesfx.com


Despite the general belief that the EURUSD is going to the moon, as it is extremely well-bid, my take here is that at least a move lower to mid-1.10 area is in cards. What I’m looking for here is the end of a contracting triangle as part of a terminal impulsive wave and that triangle needs to break lower. Such a break lower should drag the overall US dollar higher and judging by the chart above, we already might have an impulsive move to the downside.


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Top trade idea for September 30th, 2016 – EUR/NOK

By Michael McCarthy of CMC markets


Wondering why EUR is holding up so well against major currencies? Keen to trade oil, but put off by higher volatility? EUR/NOK offers exposure to both themes in a single trade.


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Top trade idea for October 4th, 2016 –DAX

By Gregor Horvat www.ew-forecast.com

German DAX has been trading south for the last year or so but it might have been only a temporary decline if we consider that structure is pointing up because of overlapping decline from 12424 to 8690 low, labeled as an A-B-C correction. That said, traders should be aware of higher prices ahead as DAX recently completed a three wave set-back in blue sub-wave 2 at 9164 area and later broke above the upper corrective channel line which could open door for more gains in weeks to come.



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Top trade idea for October 05th, 2016 – NZD/CAD

By Fawad Razaqzada of Forex news

Crude oil’s fundamental outlook continues to improve: as well as the planned OPEC oil output cut, we have seen surprise inventory destocking in the US for five straight weeks now. In addition to the prospects of reduced supply, the outlook for oil demand appears to be healthy too, judging by this week’s key US economic data which have been mostly positive, with the key ISM services sector PMI surging to its highest point in almost a year.


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Top trade idea for October 6th, 2016 – AUD/USD

By Mircea Vasiu of www.capitalpropertiesfx.com

The Australian dollar is preparing for a bounce against the US dollar and the setup I want to trade today is a small scalping one, in the sense that the consolidation area that you can see above is actually a bullish one. This is coming despite the fact that market seems to be really bearish with the Aussie pair lately.Even though the risk-reward ratio is not a good one, in the sense that price now is somewhere in the middle of the range, I would look for a long trade with 0.7460 stop loss to target a move above 0.77 sooner rather than later.


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Top trade idea for October 7th, 2016 – $USD

By ricspooner CMC Markets

The sell-off in bonds has been a key driver for market thinking this week. As investors position for higher US interest rates we have also seen the US Dollar bought and gold sold.The 10 year note yield is at a key level heading into the Non-Farm Payroll support.


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Top trade idea for October 12th, 2015 – USD/JPY

By Fawad Razaqzada of Forex news

The dollar goes from strength to strength as market participants grow more confident in foreseeing a rate rise in the US before the year is out. If the FOMC’s last policy meeting minutes, due to be published later on today, convey a more hawkish tone than what the market is expecting then this will only increase rate hike expectations further. Not only has US data steadily improved in recent months, the probability that Hillary Clinton – rather than Donald Trump – will become the next US President has also been rising in the wake of the second TV debate. Only a shock victory for Trump would probably derail the dollar rally, as we don’t expect US data to all of a sudden turn weak in these last few of months of 2016. And as I have been banging on about it over the past couple of weeks, almost every other major central bank except the Fed will most likely remain dovish for some time yet. This is why we have seen strong downward moves in the likes of the GBP/USD, EUR/USD and NZD/USD, while the USD/CHF and USD/JPY have appreciated.

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Top trade idea for October 13th, 2016 – USDJPY

By Mircea Vasiu of Capital PropertiesFX

The USDJPY pair enjoyed quite a nice ride in the NFP week as it rose almost vertical. Such a move is typical for the pair as in the last year’s expectations were that the NFP is actually going to be pretty solid. To some extent, Friday’s release confirmed that.

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Top trade idea for October 14th, 2016 – $USDCNH

By Michael McCarthy of CMC markets

As the USD rises authorities in China are faced with a growing problem. Although they are allowing a gentle depreciation of the CNY against the USD, it is not keeping pace with USD gains. This showed up in trade data this week, where exports fell off a cliff.




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Top trade idea for October 17th, 2016 – EUR/AUD

By Vladislav Antonov of Alpari

Trading opportunities for currency pair: the price has left the triangle formation downwards. The trend line was broken with this departure. The target for the downward movement is 1.3774. The time the target regions will be reached is from 11th to 28th November of this year.


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Top trade idea for October 18th, 2016 – USD

By Gregor Horvat www.ew-forecast.com


USD indexwas in big sidewayspatternunfoldingsince start of 2015; slowandoverlappingpriceactionwith a personalityof a contra-trend movementthatlookscompleted. Wesee it partlyas a flatcorrection in blackwave IV, a threewavestructurewherefinalwave C should be madebyfivewaves. Well, wehaveseen a nicedeclinefrom November of 2015 counted in fivelegs, but as anending diagonal as shown on a dailychart.


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