EURUSD Trading Idea 13.12.2013

EURUSD is moving in a downtrend after the 11th of December. At the moment is moving slighly below it's moving averages SMA-100 and SMA-50. The trading idea for today is to sell around 1.3768 putting stop loss 14pips higher and take profit 25pips lower. If the price climbs above 1.3780, you could buy putting stop loss 12 pips lower and take profit around 1.3805.

AUDUSD Trading Idea 05.12.2013

AUDUSD broke the significant support line of 0.9055 yesterday on Wednesday. The most possible scenario is to find resistance levels around this price, keeping the downtrend as the current view for the pair. A good strategy would be to take short positions around 0.9055 putting SL 10 pips higher and TP 30 pips lower.

USDJPY Trading Idea 05.12.2013

USDJPY is moving in a lower lows pattern, as you can see from the chart above. The most possible scenario is to continue the downtrend. Thus, a good chance for trading the pair, would be near the trendline, taking short positions of 30 pips lowers as take profit and 10 pips higher as stop loss.

EURUSD Update 04.12.2013

After the evening violent breakout below the support line of 1.3566 and finding support at 1.3527, the pair is moving again at the prices of 1.3590. The most possible scenario is that EURUSD will follow a bullish trend, keep moving above SMA-50 and SMA-100. The best time to take a long position is above 1.3625. Thus, Thursday is a good day, considering the full of announcements calendar, in order to see the pair around 1.3670 - 1.3700.

AUDUSD Trading Idea 03.12.2013

A great oppportunity for trading AUDUSD, there is tonight. As you can see at the chart above, there is a downtrend which is certified by the two peaks at 0.9206 and 0.9166. The most possible scenario is that the trend will continue to lower prices, taking as granted the support line at 0.9046. Thus, the trading idea for today is to take short positions around 0.9150 putting stop loss 10 pips higher and take profit 15 pips lower. On the other hand, a break of the trendline will lead at 0.9200 levels.

Be careful : Announcement for the GDP (Q3) at 03.30 GMT +2.

EURUSD Update 02.12.2013

EURUSD broke the support line of SMA-100, which was the last support after the first break of trendline, as you can see at the chart above. The most possible scenario for Tuesday, is the consolidation between the prices 1.3560 and 1.3520, since there is no important announcement scheduled for that day. On the other hand, a breakout below 1.3520 could lead the pair below 1.3490 giving a good opportunity for short positions.

AUDUSD Trading Idea 26.11.2013

As you can see from the chart above, AUDUSD is moving slightly up, finding a suppport yesterday at 0.9119. After that short bullish movement USD is gaining ground against AUD breaking the bullish trend line. The trading idea for today is to sell the pair AUDUSD since the most probable scenario is to test again the support line at 0.9119. On the other hand, you can take a long position above 0.92085 putting SL 10 pips lower and take profit 20 pips higher.

EURUSD Trading Idea 25.11.2013

EURUSD is moving lower today at the beggining of this week, without having some important events at the Economic Calendar. From the chart above we can identify the downtrend and some early resistances and supports. More specifically, it seems that works again the resistance at 1.3516 and the support at 1.3487. The idea for today is that the price may consolidate between these prices, so you can take some sell and buy limits according to these lines. In case of a bear breakout you can put a sell stop at 1.3485 putting stop loss at 1.3493 and take profit at 1.3468.

USDJPY Trading Idea 25.11.2013

USDJPY after the last announcements of Dallas Fed Manufacturing Business Index (Nov) and Pending Home Sales moved slightly bearish testing the support line of 101.61. The trading idea for today is to take a sell limit order at 101.60 putting stop loss 10 pips higher and take profit 24 pips lower.

USDJPY Trading Idea 22.11.2013

USDJPY consolidates between 100.94 and 101.35 as you can see at the chart above. There are two strong resistances which are very closed each other. The first one is the obvious 101.35 and the second is the 101.51. Both resistance levels have been created the first days of July 2013. Moreover, as you can see from the chart above the price is above the three SMAs, SMA-50, SMA-100 and SMA-200 showing a bullish trend. Taking all the above into consideration, the trading idea for today is the following. You can put a sell limit order at 101.34 with stop loss at 101.53 and take profit at 100.88.

EURUSD Trading Idea 22.11.2013

EURUSD is moving up today continuing the bullish trend. The strong bearish movement on Wednesday found an also strong support at 1.3398 and after then the pair is moving bullish. The trading idea for today is also clear and simple. You can take long positions when the price go above SMA-100 putting stop loss 15 pips lower and taking profit 35 pips higher.

USDJPY Trading Idea 21.11.2013

USDPJY is moving in a bullish trend today, after the announcement of BOJ concerning the interest rate desicion. The trading idea for today is simple, since there is a clear resistance line at 100.87, on 3 July 2013 and 19 July 2013. Thus, you can take long positions above 100.90 putting stop loss 10 pips lower and take profit 30 pips higher. If the market doesn't touch 100.90 you can take short positions at 100.87 putting stop loss 10 pips higher and take profit 25 pips lower.

EURUSD Update 20.11.2013

Eventually the so called breakout of the bullish trendline happened today at EURUSD. This had a great bearish impact at the pair, sending the EUR at the lowers prices this week. After the positive announcements concerning the retail sales of USA, USD gained a lot versus EUR today evening. The pair found supports at 1.3454 and 1.3430 before continue it's bearish movement just below 1.3416. The previous two days i had informed you for this aspect, so i hope you had take a good sell limit position around 1.3500 gaining some easy pips. At the moment the bearish trend continues, aiming the support of 1.3389. On the other hand, for prices above 1.3432 you have to be careful for a short bullish trend. Finally, above 1.3460 you can take long positions.

EURUSD Trading Idea 19.11.2013

EURUSD is moving in a bullish direction finding strong resistance at 1.3542 today. The currency continues to follow the ascending trendline that began at Nov the 7th, which pushes it higher and higher. Apart from the trendline, the currency is finding the last 4 trading days above SMA-100 and the last 2 trading days a newer support at SMA-50. This could mean that a trader could go long near to this lines. The next crucial point is that the pair has found twice (today and yesterday) a strong resistance as you can see at the chart above.

Thus the trading idea for today is to take long positions near the first trendline putting stop loss 10 pips lower and take profit 30 pips higher. At the alternative scenario of breaking out the trendline, you could sell, taking a short position putting stop loss at the second trend line (as you can see at the chart) and take profit at 1.3430.

USDJPY Trading Idea 19.11.2013

USDJPY is moving lower today. During the night the pair reached its lower finding a quick support at 99.56 after the break of the upper support line at 99.78. Moreover, from the chart above, we can see that the pair is moving below SMA-100 and it has already created the 1-2-3 formation. Thus, the most possible scenario is that the next lower high will be near the 99.90-99.95. The trading idea is to put a sell limit order at 99.94 putting stop loss 10 pips higher and take profit 30 pips lower.

EURUSD Trading Idea 15.11.2013

There is a quite clear direction movement at the pair EURUSD, as a continuation of the last 5 trading days. As you can see at the chart above, the trendline seems to guide the pair all the more higher. The most probable scenario is to continue in a bullish action. Taking into consideration that today is the Ecofin Meeting, the second scenario is to break the trendline finding presure at the level of 1.3460. Thus, the trading idea for today is to take long positions near to the trend line, putting stop loss 10 pips lower and take profit 20 pips higher. In case of an opposite breakout of the trendline, you can take a short position expecting a big move at the pair.

Be careful : There is already a resistance line at 1.3445 that pushes the market lower.

GBPUSD Trading Idea 14.11.2013

After the negative announcements concerning the Retail Sales, GBPUSD is moving bearish today, finding support at 1.5987. As you can see from the chart above, the pair is moving above 100-SMA and 50-SMA, while the first one is almost at the same price with the support line of 1.5987. Thus a good idea could be to open long position a little above the support line, putting stop loss 10 pips lower and taking profit at 1.6030.

USDJPY Trading Idea 14.11.2013

USDPJY is creating a support line at 99.80 as you can see at the chart above. Taking under consideration that the pair has more than one month and a half to be found at the level of 99.00, we can take long positions near 99.80 putting stop loss 10 pips lower and take profit at 100.15. On the other hand, a bearish breakout of 99.80 support could lead the USDJPY at 99.50.

EURUSD Trading Idea 13.11.2013

EURUSD is moving in an ascending channel as you can see in this chart. Since there is no major economic events in short-term you can take a long position at 1.3393 putting stop loss 12 pips lower and take profit 25 pips higher if you want quick profit, or 60 pips higher near the resistance line of 1.3453. On the other hand, in case of a bearish breakout you could sell at 1.3378 putting stop loss 10 pips higher and take profit at 1.3344.

EURUSD Trading idea 12.11.2013

EURUSD is moving in a bullish trend today finding resistance at the level of 1.3453. The trading idea at the moment is to sell at the level of 1.3449 putting stop loss at 1.3460 and take profit at 1.3430. On the other side, a breakout of 1.3455 will lead the pair at 1.3478.