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Forex Trading Ideas

13 March 2017

Trading ideas

Gabriel Ojimadu

Short-term trading idea FX EUR/USD - a bull’s game: strengthening of the euro expected by way of correction

Movement on the EUR/USD pair continues to correlate with that of 2005. According to historical patterns, a large downwards correction is due to take place after the 15th of April. Despite this, the rate may still deviate significantly upwards. After Friday’s payrolls, the price came out of the 1.0494 - 1.0626 range. As it breaks 1.0715, growth will accelerate to 1.0780. This is where the euro will stop growing and a symmetrical triangle will form. If a rebound doesn’t follow from this, and the rate breaks the 1.0829 support, we could see the price restore all the way to 1.1021. Should the daily candlestick close below the 2 copy line, then we can forget about this potential surge. We’re working towards 1.1021 with an eye on the 1 copy and 2 copy lines. The euro should reach the TR1 trend line by the 10th of April.
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06 March 2017

Trading ideas

Gabriel Ojimadu

Short-term trading idea: FX NZDJPY - a lowering game: support broken through at ¥80.45

On Friday, buyers gained a foothold under the minimum 80.45 from 23/02/16. A double top offers a good opportunity for taking a short position. The target for this forecast is ¥78.41 (61.8% from the range ¥80.45 - ¥83.81). I'm allowing for a fall in the NZD/JPY rate to the TR trend line at ¥78. This fall will not happen if the upper boundary of the A-A channel is broken through.
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27 February 2017

Trading ideas

Gabriel Ojimadu

Short-term trading ideas FX AUD/USD - a lowering game: retreat from the upper boundary of the A-A channel

On the weekly chart, a doji and a bearish signal have formed on the Stochastic oscillator. On the daily chart, a double top has formed. Moreover, there is a bearish divergence on the AO and CCI indicators. In this idea, I'm envisaging a fall in the rate to the trend line at 0.7480 by the 27-29th of March 2017. If this fall gathers pace and the rate closes below the trend line, then we might see a slide to 0.7262. It would be prudent to rule out such a fall if the daily candle closes above 0.7790.
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Trading ideas

Gabriel Ojimadu

Short-term trading ideas FX EUR/GBP - a lowering game: awaiting polling data for French presidential candidates

On Friday, trading on the euro closed up. According to cycles, the rate should restore to around the 0.8600 mark. A CCI level of -100, as well as the intersection of the slow and fast lines on the Stochastic oscillator, should facilitate a strengthening of the euro against the pound. Polling data for the French presidential candidates remains the main driver for the single currency.
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13 February 2017

Trading ideas

Gabriel Ojimadu

Short-term trading idea FX GBP/CAD - a lowering game: breaking through trend line of correctional movement

After the IEA report was published on Friday, Brent oil grew by 1.63%. As the quote per barrel surpasses 57.50 USD, Brent will open will a target of 61.25 USD. As oil recovers further still, the GBP/CAD cross will resume its downward movement.
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06 February 2017

Trading ideas

Vladislav Antonov

Short-term trading idea FX GBP/JPY bull speculation: forecasts predicting a V-model

Buyers were unable to break the TR2 trend line. Judging by the AO and AC (Bill Williams) indicators, there is a consensus that the rate will form a triangular pattern, coming out only in March. In such a case, the rate should fall to 132.27 JPY by 03/04/17. If the first half of this prognosis comes true, then from 132.27 JPY, the GBP rate should restore to around 144.6 JPY.
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