Archive for the Trade Ideas Category
USD/JPY Limit Sell at 96.92
By Forex District – The pair fell under the 96 level amid worries in the banking sector and overall weaker stocks. S&P downgraded and revised the outlook for 22 US banks, increasing concerns of the banks ability to generate profit. Overall, trading has been mixed over the last couple of weeks as it continues to [...]
USD/JPY – June 12th Trade Idea
By – Forex District
USD/JPY Open 97.65 High 98.43 Low 97.35 Close 97.61
Dollar/Yen made an insignificant downward movement yesterday. This confirms the consolidation phase of the currency couple and the unclear movement direction, till trading range is within the triangle formation on the 1 hour chart. Immediate support is 97.25, followed by 96.00. The nearest resistance [...]
USD/CHF – Forecast June 12th – Market strategy is bullish, buying from the 1.0750 level
By Forex District -
Technical oscillators supporting the bullish trend for the USD/CHF currency pair
USD/CHF-market strategy can be a buy from the level 1.0750
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish [...]
USD/JPY Trade Idea
By Forex District – The pair rose in Asia as higher stocks dampened demand for the Japanese Yen. Despite the Dollar weakening against other currencies, it was able to gain versus the Yen. After barely any moves on Monday within 98.88 and 98.22, the pair has finally seen higher volatility. Wall Street performance could be [...]
Brazil cuts key rate to record low of 9.25%
BY MarketWatch – Brazilian interest-rate policymakers late Wednesday cut the country’s benchmark interest rate by more than expected, to 9.25%. The cut of the Selic rate by 100 basis points surpasses expectations for a cut of 75 basis points, according to a poll of analysts conducted by Dow Jones Newswires. The reduction marks the fourth [...]
EUR/USD – Short Term Trade Idea
EUR/USD has created one of our favored chart patterns.
In the below 30 minute timeframe chart, EUR/USD has created a false break out (See previous post regarding EUR/CAD) on the lower Bollinger Band. It has since revisited that level and held. We feel that the 1.4195 – 1.4200 level is a short-term support level.
We buy at [...]
GBP/JPY – Another Trade Idea
by: Back Bay FX
GBP/JPY has been trading in a range that is well-defined by the 2 hour time frame Bollinger Bands. In the below snapshot, the pair has bounces off the midline and seems to be continuing it’s move higher. Yet that midline is a very important level.
We will use a Buy Limit order to [...]
