Sell 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...

    Full Story

  • GBP/USD – Approaching Sell Zone

    GBP/USD – Approaching Sell Zone

    Today’s daily chart exemplifies the recent volatility of the sterling. When bearish, the sterling has had between 6-10% selloffs. The recent uptrend from the end of May till mid August has stalled. Currently price action is testing the 23.6% retracement level and our 200 day...

    Full Story

  • 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,...

    Full Story

  • 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...

    Full Story

  • 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...

    Full Story

  • 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...

    Full Story

  • Trade Idea: AUD/USD – Sell at 0.8850

    Trade Idea: AUD/USD – Sell at 0.8850

    Although aussie has maintained a firm undertone and marginal gain towards previous resistance at 0.8860 cannot be ruled out, however, as broad outlook is still consolidative, reckon upside would be limited to 0.8884 (61.8% Fibonacci retracement of wave A from 0.9389) and bring retreat later. View...

    Full Story

  • Trade Idea Wrap-up: USD/CHF – Sell at 1.0615

    Trade Idea Wrap-up: USD/CHF – Sell at 1.0615

    Despite intra-day retreat from 1.0564, as long as support at 1.0481 holds, further consolidation would be seen and another corrective rise to said resistance cannot be ruled out, above there would bring retracement of recent decline to the Ichimoku cloud area (now at 1.0608-18) but...

    Full Story

  • Trade Idea Update: USD/CHF – Sell at 1.0610

    Trade Idea Update: USD/CHF – Sell at 1.0610

    Dollar’s rebound after intra-day fall to 1.0481 suggests a temporary low has been formed there and consolidation with mild upside bias remains, break of minor resistance at 1.0564 would add credence to this view and bring retracement to the Ichimoku cloud area (now at 1.0614-18)...

    Full Story