Idea Archive

  • Trade Idea Update: GBP/USD – Sell at 1.5470

    Trade Idea Update: GBP/USD – Sell at 1.5470

    As cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another...

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  • Trade Idea Update: USD/CHF – Sell at 1.0465

    Trade Idea Update: USD/CHF – Sell at 1.0465

    Dollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300,...

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  • Trade Idea Update: USD/CHF – Buy at 1.0470

    Trade Idea Update: USD/CHF – Buy at 1.0470

    As the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom),...

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  • Trade Idea: AUD/USD – Sell at 0.9250

    Trade Idea: AUD/USD – Sell at 0.9250

    As the Australian dollar has maintained a firm undertone, suggesting recent rise from 0.8066 low is still in progress and gain to 0.9185/90 (100% projection of 0.8315 to 0.8871 measuring from 0.8633 and 1.618 times projection of 0.8908-0.9044 measuring from 0.8965) and then 0.9220 is...

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  • Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020

    Failure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.2977-80 must hold for prospect of another bounce to 1.3055/60, then towards yesterday’s high at 1.3107, however, break there is needed to signal recent upmove has resumed...

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  • Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Dollar’s intra-day rally and the breach of indicated resistance at 1.0561 suggest low has been formed at 1.0394 and consolidation with upside bias is seen for retracement of recent decline towards 1.0618, however, above there is needed to retain bullishness and signal a stronger correction...

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  • Trade Idea: EUR/JPY – Buy at 111.00

    Trade Idea: EUR/JPY – Buy at 111.00

    Although the single currency has rebounded after finding support at 111.43, a break of last week’s high of 113.40 is needed to signal upmove from 107.30 low (wave v bottom) has resumed and bring a stronger retracement of recent decline to 113.90/00 and then next...

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  • Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Failure to extend intra-day rebound and current retreat suggest caution on our long position and minor support at 1.0582 must hold to retain bullishness for another rise to 1.0676, break there would signal the rise from 1.0481 low has resumed for a stronger retracement of...

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  • Trade Idea: USD/CHF – Buy at market level

    Trade Idea: USD/CHF – Buy at market level

    Although the intra-day brief drop to 1.0582 stopped out our long position, as the greenback found decent demand at 1.0582 and has rebounded, suggesting as long as this level holds, consolidation with upside bias remains for another test of 1.0676 (yesterday’s high), above there would...

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