Idea Archive

  • Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Dollar’s retreat after intra-day rally to 1.0676 suggests caution on our long and 1.0594 (previous resistance turned support) must hold to retain bullishness for another rise, above said resistance would bring stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481...

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  • Trade Idea Update: USD/CHF – Buy at 1.0615

    Trade Idea Update: USD/CHF – Buy at 1.0615

    The greenback rallied after breaking resistance at 1.0594 and easily penetrated resistance at 1.0637, adding credence to our bullish view that low has been formed at 1.0481 last week and correction of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous...

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  • Trade Idea: USD/CHF – Buy at 1.0520

    Trade Idea: USD/CHF – Buy at 1.0520

    Dollar’s rebound after holding above last week’s low at 1.0481 suggests consolidation above this level would be seen and as the Tenkan-Sen crossed above the Kijun-Sen, suggesting upside bias is seen for correction of recent decline towards 1.0637 resistance but break there is needed to...

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  • Trade Idea Update: USD/JPY – Buy at 87.70

    Trade Idea Update: USD/JPY – Buy at 87.70

    Dollar’s near term sideways trading below resistance at 88.77 is expected to continue and although retracement to 88.00 support cannot be ruled out, reckon renewed buying interest would emerge around 87.65/70 (approx. 61.8% Fibonacci retracement of 87.02 to 88.71) and bring another rally. View full post...

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  • Trade Idea Update: EUR/USD – Buy at 1.2555

    Trade Idea Update: EUR/USD – Buy at 1.2555

    Euro’s retreat after intra-day marginal rise to 1.2723 suggests a minor top has been formed and consolidation below there would be seen with mild downside bias for retracement to 1.2600, however, renewed buying interest should emerge around previous support at 1.2553 and bring another upmove. View...

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  • Trade Idea Update: GBP/USD – Sell at 1.5160

    Trade Idea Update: GBP/USD – Sell at 1.5160

    Despite intra-day bounce to 1.5205, current selloff signals temporary top has been formed at 1.5241 earlier and consolidation with downside bias is seen, break of 1.5081/82 support would confirm this view and bring correction to 1.5057 (50% Fibonacci retracement of 1.4873 to 1.5241), then 1.5014...

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  • Trade Idea Wrap-up: USD/JPY – Buy at 87.70

    Trade Idea Wrap-up: USD/JPY – Buy at 87.70

    Despite intra-day rise to 88.71, the subsequent retreat after failing to test previous resistance at 88.77 suggests further consolidation below this resistance would take place and mild downside bias is seen for retracement to 88.00 support, however, reckon renewed buying interest would emerge around 87.65/70...

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  • Trade Idea Wrap-up: EUR/USD – Buy at 1.2505

    Trade Idea Wrap-up: EUR/USD – Buy at 1.2505

    Despite intra-day marginal rise to 1.2723, the subsequent sharp retreat signals a temporary top has been formed and retracement to 1.2553 support cannot be ruled out, however, renewed buying interest should emerge around 1.2500/05 (38.2% Fibonacci retracement of 1.2151 to 1.2723) and bring another upmove...

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  • Trade Idea: EUR/GBP – Buy at 0.8200 or sell at 0.8440

    Trade Idea: EUR/GBP – Buy at 0.8200 or sell at 0.8440

    As euro has eased after intra-day marginal rise to 0.8384 (yesterday’s high was 0.8380), suggesting consolidation would be seen and retracement to 0.8300 and 0.8226 (50% Fibonacci retracement of 0.8067 to 0.8384), however, as low has been formed at 0.8067 as wave v, reckon 0.8188...

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