Trade Idea: EUR/USD – Buy at 1.2395

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Despite intra-day rise to 1.0618 (reached indicated upside objective at 1.0615 - 50% projection of 1.0332 to 1.0550 measuring from 1.0506), loss of near term upward momentum should prevent the upmove from 1.0332 low to extend too far beyond 1.0640-41 (previous resistance and 61.8% projection) and reckon 1.0690/00 would hold, bring retreat later.

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Click Here To Read The Article "Trade Idea Wrap-up: USD/JPY – Stand aside"

Despite intra-day brief breach of 86.19-20 (previous resistance and 38.2% Fibonacci retracement of 88.12 to 85.02), lack of follow through buying and the retreat from 86.25 suggest consolidation would be seen but break of the convergence of Tenkan-Sen and Kijun-Sen (now both at 85.94) is needed to signal top has

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Click Here To Read The Article "Trade Idea Wrap-up: EUR/USD – Exit long entered at 1.3080"

Despite euro’s intra-day selloff, loss of near term downward momentum should prevent the decline from 1.3334 top to extend too much to the downside below 1.3078 (61.8% projection of 1.3308 to 1.3135 measuring from 1.3185) and reckon 1.3033 (3033 (50% Fibonacci retracement of 1.2732 to 1.3334) would limit downside and 1.3000 should hold, bring rebound later.

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Click Here To Read The Article "Trade Idea Wrap-up: GBP/USD – Stand aside"

Although cable’s selloff from 1.5999 top has kept price under pressure and weakness to 1.5700 is likely, loss of near term downward momentum should prevent sharp fall below 1.5663/65 (previous resistance and 38.2% Fibonacci retracement of 1.5125 to 1.5999) and cable may stage a rebound from there later.

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Click Here To Read The Article "Trade Idea: USD/JPY – Sell at 85.80"

Despite yesterday’s rise to 86.25, the subsequent selloff signals the rebound from 85.02 temporary low has ended at there and consolidation with downside bias is seen for retest of this level, break would confirm recent decline has resumed and extend weakness towards 84.70/75 (61.8% projection of 101.45 to 84.82 measuring

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Click Here To Read The Article "Trade Idea: USD/JPY – Sell at 85.80"

Despite yesterday’s rise to 86.25, the subsequent selloff signals the rebound from 85.02 temporary low has ended at there and consolidation with downside bias is seen for retest of this level, break would confirm recent decline has resumed and extend weakness towards 84.70/75 (61.8% projection of 101.45 to 84.82 measuring

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Click Here To Read The Article "Trade Idea: GBP/USD – Sell at 1.5860"

Despite yesterday’s strong rebound from 1.5710 to 1.5910, the subsequent euro-led decline from there signals the rebound from 1.5710 is over and consolidation with downside bias is seen but break of said support at 1.5710 is needed to extend the decline from 1.5999 top towards 1.5663/65 (previous resistance and 38.2%

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Click Here To Read The Article "Trade Idea: GBP/USD – Sell at 1.5860"

Despite yesterday’s strong rebound from 1.5710 to 1.5910, the subsequent euro-led decline from there signals the rebound from 1.5710 is over and consolidation with downside bias is seen but break of said support at 1.5710 is needed to extend the decline from 1.5999 top towards 1.5663/65 (previous resistance and 38.2%

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Click Here To Read The Article "Trade Idea: EUR/USD – Stand aside"

Although the single currency rebounded yesterday in line with our expectation (unfortunately we exited our long due to the FOMC), euro faltered just below the Ichimoku cloud bottom and turned back south from 1.3233 and just broke below yesterday’s low at 1.3074, suggesting the decline from 1.3334 top is still

[Forex-Bot]

Click Here To Read The Article "Trade Idea: EUR/USD – Stand aside"

Although the single currency rebounded yesterday in line with our expectation (unfortunately we exited our long due to the FOMC), euro faltered just below the Ichimoku cloud bottom and turned back south from 1.3233 and just broke below yesterday’s low at 1.3074, suggesting the decline from 1.3334 top is still

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Click Here To Read The Article "Trade Idea: USD/CHF – Buy at 1.0490"

Despite yesterday’s sharp fall from 1.0618 to 1.0461, the subsequent rebound from there suggest low has been formed and consolidation with upside bias is seen, however, break of said resistance is needed to extend the rise from 1.0332 low for further gain to 1.0640-41 (previous resistance and 61.8% projection) but

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Click Here To Read The Article "Trade Idea: USD/CHF – Buy at 1.0490"

Despite yesterday’s sharp fall from 1.0618 to 1.0461, the subsequent rebound from there suggest low has been formed and consolidation with upside bias is seen, however, break of said resistance is needed to extend the rise from 1.0332 low for further gain to 1.0640-41 (previous resistance and 61.8% projection) but

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Click Here To Read The Article "Trade Idea: AUD/USD – Exit long entered at 0.9070"

Although aussie rebounded after finding support at 0.9058 (we entered long here at 0.9070) to as high as 0.9165, as price has fallen sharply from there on risk aversion, suggesting near term downside risk remains for retracement of recent upmove to 0.8995/00 (38.2% Fibonacci retracement of 0.8633 to 0.9223), however,

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Click Here To Read The Article "Trade Idea: AUD/USD – Exit long entered at 0.9070"

Although aussie rebounded after finding support at 0.9058 (we entered long here at 0.9070) to as high as 0.9165, as price has fallen sharply from there on risk aversion, suggesting near term downside risk remains for retracement of recent upmove to 0.8995/00 (38.2% Fibonacci retracement of 0.8633 to 0.9223), however,

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Click Here To Read The Article "Trade Idea: EUR/JPY – Sell at 112.30"

The single currency tumbled after breaking indicated support at 112.57, suggesting the correction from 107.30 has possibly ended at 114.74 earlier and consolidation with downside bias is seen and as price has dropped below 111.02 (50% Fibonacci retracement of 107.30 to 114.74), further weakness to 110.70/80 is likely, however, break

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Click Here To Read The Article "Trade Idea: EUR/JPY – Sell at 112.30"

The single currency tumbled after breaking indicated support at 112.57, suggesting the correction from 107.30 has possibly ended at 114.74 earlier and consolidation with downside bias is seen and as price has dropped below 111.02 (50% Fibonacci retracement of 107.30 to 114.74), further weakness to 110.70/80 is likely, however, break

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Click Here To Read The Article "Trade Idea Update: USD/CHF – Buy at 1.0490"

As the greenback has retreated after intra-day rise to 1.0567, suggesting minor consolidation would take place ahead of U.S. opening, however, pullback should be limited to the Ichimoku cloud top (now at 1.0494) and bring another rise later.

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Click Here To Read The Article "Trade Idea Update: USD/CHF – Buy at 1.0490"

As the greenback has retreated after intra-day rise to 1.0567, suggesting minor consolidation would take place ahead of U.S. opening, however, pullback should be limited to the Ichimoku cloud top (now at 1.0494) and bring another rise later.

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Click Here To Read The Article "Trade Idea Update: GBP/USD – Sell at 1.5780 or buy at 1.5600"

Although cable’s selloff below support at 1.5710 signals the decline from 1.5999 top is still in progress and stronger retracement of recent upmove to 1.5620/25 (100% projection of 1.5999 to 1.5710 measuring from 1.5910), however, downside should be limited to 1.5600 and loss of downward momentum should keep price above

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Click Here To Read The Article "Trade Idea Update: GBP/USD – Sell at 1.5780 or buy at 1.5600"

Although cable’s selloff below support at 1.5710 signals the decline from 1.5999 top is still in progress and stronger retracement of recent upmove to 1.5620/25 (100% projection of 1.5999 to 1.5710 measuring from 1.5910), however, downside should be limited to 1.5600 and loss of downward momentum should keep price above