Category Archive: Trade Ideas

May 20

NZDJPY

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1. Long NZDJPY @86’90 Stop Loss 84’50 Take Profit 88’70. 2. Long NZDJPY @85’30 Stop Loss 84’50 Take Profit 86’40. Justification: Favorable interest rate differentials for long positions. RBNZ is expected to raise rates over next few months while BoJ would maintain a near zero rate. BoJ’s QE continues. Seasonally, May is a bad month …

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May 18

GOLD – 18 May 2014

18May2014_2

In Daily chart, Gold is forming a descending triangle. Moreover, it is ranging between a strong support and resistance zone. It indicates that a break out may happen either in long side or in short side.  In H4 chart, we can see that a head and shoulder pattern is forming. It has a chance to …

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May 01

AUDNZD: Updated Analysis

audnzd- w1

Dear All, I have drafted a post to share the updated analysis of AUDNZD yesterday. (I could not post image in comment, so tried to add a separate post). When I tried to see the preview, the post was gone, I don’t know what was the issue, but I could not retrieve it back. It …

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Jan 14

USD/SGD Overview

USDSGDswap

If we take a look in weekly chart of USDSGD pair, we can see an Elliot wave is forming. Leg 1 is completed, leg 2 retraced back to near 38.2 fib level and now moving upwards. There is a strong possibility to create the leg 3, which may go at least 127.2 fib level. Therefore, …

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Jan 07

SGD/JPY

sgdjpyweekly

Sell SGD/JPY@82; tp 75.5000 (+650 pip); sl 84.5000 (-250 pip). Justification: Doji followed by bearish engulfing at the top of the range in the weekly chart. Appears to be double top. Divergence in volume. The trade will be confirmed if the weekly candlestick closes below 82.00. Favorable r/r. Stop loss is set above all time …

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