ForexNews.com - Trading Ideas

Top trade idea for October 20st, 2016 – AUD/NZD

By Mircea Vasiu of Capital PropertiesFX

Above there is the AUDNZD cross that is shaping up a bearish setup that most likely started with the last move above 1.07. The idea behind this trade is that the current move should be one destined for parity, so it should be no wonder the take profit is close to that area.Trading with Elliott Waves should be subject to a price and time analysis, and this is what we’re doing: putting the time element to a price forecast.


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Top trade idea for October 21st, 2016 – USD

By ricspooner of CMC Markets


Markets appear to have made up their mind about the US election. The US Dollar/Mexican Peso exchange rate is back to its medium term trend and looks a chance of falling below it in coming weeks. Traders have adopted Dollar /Peso as an election trading proxy because Donald Trump’s policies are seen as damaging theMexican economy



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Top trade idea for October 26th, 2016 – AUD/JPY

By Fawad Razaqzada of Forex news

The Australian dollar rose further overnight after domestic consumer inflation data came out stronger-than-expected. CPI rose by 0.7% in the third quarter compared to 0.5% expected and 0.4% in Q2. After the post-data rally, the Aussie has been unable to climb further in the European session and the bullish run could end quickly if investors start to dislike risk, if, for example, concerns over U.S. elections, more disappointing corporate earnings cause global equities to retreat further or commodity prices tumble on the back of a rebound in US dollar.


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Top Trade Idea For October 28th, 2016 USD/JPY

By Michael McCarthy of CMC markets

I’m not renowned for my general observation skills. My girlfriend often jokes that if she wants to hide something, she’ll put it right in front of me. Similarly some of the best trades are so obvious they’re overlooked. And buying the USD as the Fed heads toward a December rate hike may be one of them.

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Top Trade Idea For November 1st,2016 - Crude Oil

By Gregor Horvat www.ew-forecast.com

Sharp decline on crude oil suggests that market can see more weakness now in wave C of B/2, especially once the channel support line is broken.Regarding the 4h chart,we see Crude oil turning significantly lower, now trading close to the lower trend line line of an upward channel connected from the 39.50 level, which can be broken soon if we consider that current price action down from 52.00 is strong and looking impulsive. As such, we are now looking at a possible wave count which suggests that energy is still trapped in a consolidation phase of a big wave B/2.


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Top trade idea for November 4th, 2016 – EUR/USD

By ricspooner of CMC Markets

EURUSD heads into tonight’s US jobs data with its chart interestingly placed
As the Daily chart above shows, yesterday’s peak was neatly at the support of the recent major triangle pattern. If the Euro starts to fall away from here, it will constitute a classic pattern “retest” where old support acts as new resistance.




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Top trade idea for November 11th, 2016 – AUD/USD

By Michael McCarthy of CMC markets

Capitulation. A market phenomenom that should be on every traders’ radar.This market dyanamic has many different expressions, but the underlying principle remains. A market direction is widely accepted as inevitable.


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Top trade idea for November 16th, 2016 EUR/USD

By Gregor Horvat www.ew-forecast.com

EURUSD is turning sharply lower now from 1.1300 area, where pair might have finally accomplished a big and very long sideways pattern in wave IV. It was a triangle pattern which is pointing now to new lows as price keeps trying to make a decisive break beneath the wave D swing low at 1.0847.





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Top trade idea for November 18th, 2016 – Platinum

By ricspooner of CMC Markets

What interests me about platinum today is a potential double bottom pattern
The US Bond sell-off has lost momentum this week. The market is making up its mind about whether to extend the sell off after a brief pause or stage a corrective rally. Precious metals are likely to follow this lead.

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Top trade idea for November 30th, 2016 – EUR/CAD

By Fawad Razaqzada of Forex news


Despite oil’s massive rally on the back of the OPEC news, the Canadian dollar, which tends to correlate strongly with oil prices, has hardly moved against its major rivals. Indeed, the USD/CAD momentarily turned positive. The EUR/CAD is still down on the day, but it too has held its own relatively well. One has to wonder, if such an oil-bullish move was unable to underpin the CAD, what will? Thus, ...

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Top trade idea for December 1st, 2016 – USDCAD

By Mircea Vasiu of Capital PropertiesFX

We’re still looking at the USDCAD pair as the latest OPEC saga didn’t bring anything new to the pair in the sense that price is not going anywhere. That being said, back on the daily chart above, the pattern seems to be virtually unchanged.

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Top trade idea for December 2nd, 2016 – EUR/USD

By ricspooner of CMC Markets

The Euro is thinking about completing a bullish head and shoulder pattern. It’s doing so as markets head into the US Jobs data and the Italian referendum this weekend.


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Top trade idea for December 8th, 2016 – USD/CHF

By Mircea Vasiu of Capital PropertiesFX


The USDCHF pair is one currency pair that it is extremely tricky to trade. There are multiple reasons for this, but the main ones are: the CHF is being viewed as a safe haven currency, and the SNB (Swiss National Bank) is one central bank that constantly intervenes to support the CHF. Because of the two reasons mentioned above, the pair is difficult to predict.


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Top trade idea for December 9th, 2016 – NZD/USD

By Michael McCarthy of CMC markets


Occasionally, after trawling through hundreds of charts, you find a trade that cleanly fits all of your trading plan’s rules. Those focussed on Bollinger Bands as a technical indicator may have that thrilling experience in NZD/USD.



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Top trade idea for December 13th, 2016 – USD/CHF

By Gregor Horvat www.ew-forecast.com

On theDailychartofUSDCHFwe are looking at a higherdegreecomplexcorrection, a threewave A-B-C rise ofwave IV, thatseems to be in actionsinceendof December of 2014. Thatsaid as wecansee, pairrecentlycompleted a triangle correction in the connectingwave B andmade a sharpreversalhigher, abovethe sub-wave D swing. As suchwenowbelievepricemayunfold a five-wavedevelopmentwithinthefinalwave C of Y), beforemaking a higherdegreeimpulsivedroptowardsnewlows.




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Top trade idea for December 15th, 2016 – EUR/JPY

By Mircea Vasiu of Capital PropertiesFX

Now that the Federal Reserve of the United States is behind us, we can move on with the end of year trading as the Fed delivered: a 25 basis points hike to 0.75%. The best thing to do in such volatile times is to avoid trading the US dollar and focus on crosses. That is, before the event. However, in this case, the idea is to short the EURJPY cross as dynamics on the US dollar were greatly favoring the JPY pairs so far.



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Top trade idea for December 16th, 2016 – GBP/JPY

By ricspooner of CMC Markets

There have been some magnificent trend in the Yen pairs in recent weeks but this one has reached an interesting stage. GBP/JPY is at the 61.8% retracement level of the last major decline and that’s a level that can often halt a rally. It’s showing signs of possible divergence against the RSI.



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Top trade idea for December 22nd, 2016 – AUD/USD

By Mircea Vasiu of Capital PropertiesFX

The chart above is the daily AUDUSD and we’re looking at a possible zigzag pattern as explained on the top of it. A zigzag is formed by two impulsive waves, the a and c-waves, and a small correction for the b-wave. That small correction seems to have completed with the US election when the US dollar moved higher across the board, so the c-wave started from that moment of time



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Top trade idea for December 29th, 2016 – EUR/GBP

By Mircea Vasiu of Capital PropertiesFX

Ahead of the year’s end, the US dollar is one currency that will be influenced by new positioning in 2017. Therefore, looking at crosses for a trade is the right thing to do. The above chart is the EURGBP cross on the daily time frame, and this one is giving us a great opportunity for a small reward: a retest of a b-d trend line.




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