Long Archive

  • 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...

    Full Story

  • 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...

    Full Story

  • 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...

    Full Story

  • Trade Idea: GBP/USD – Hold long entered at 1.5150

    Trade Idea: GBP/USD – Hold long entered at 1.5150

    Failure to penetrate previous resistance at 1.5230 yesterday and the subsequent retreat from 1.5227 suggest caution on our long position entered at 1.5150 and 1.5115 must hold to retain bullishness for another rebound to the Kijun-Sen (now at 1.5170), break there would suggest the pullback...

    Full Story

  • IMM Positioning – Non-commercial Investors Turn Long JPY

    IMM Positioning – Non-commercial Investors Turn Long JPY

    The effective JPY index rose near its 21 January 2009 high last week, as USD/JPY broke below 90 to test 87 and as EUR/JPY set a new multi-year low. The strong JPY performance has coincided with non-commercial investors adding fresh JPY longs. Net long JPY...

    Full Story

  • Trade Idea Update: EUR/USD – Hold long entered at 1.2275

    Trade Idea Update: EUR/USD – Hold long entered at 1.2275

    Despite intra-day sharp retreat from 1.2353 to 1.2262, as price has recovered, suggesting as long as this support holds, mild upside bias remains for another rebound to said resistance. View full post on Forex Trading Ideas

    Full Story

  • Trade Idea Wrap-up: EUR/USD – Hold long entered at 1.2275

    Trade Idea Wrap-up: EUR/USD – Hold long entered at 1.2275

    Although the single currency retreated from 1.2353 to 1.2261, as euro has staged a rebound from there, retaining our bullishness and as long as this support holds, mild upside bias remains for another rebound. View full post on Forex Trading Ideas

    Full Story

  • Trade Idea: EUR/GBP – Exit long entered at 0.8250

    Trade Idea: EUR/GBP – Exit long entered at 0.8250

    Current selloff on sterling’s broad-based strength has dampened our bullishness and suggests the wave v is still in progress, break of support at 0.8210 would extend recent wave 3 to 0.8150/60, however, loss of downward momentum should prevent sharp fall below 0.8100 and risk remains...

    Full Story

  • Trade Idea: EUR/JPY – Hold long entered at 112.00

    Trade Idea: EUR/JPY – Hold long entered at 112.00

    Although the single currency slipped to as low as 111.35 last Friday, as price just held above indicated stop-loss level at 111.30 and staged a rebound from there, retaining our bullishness for further gain to 114.00. View full post on Forex Trading Ideas

    Full Story