Latest comments
Luv Sharma On AUD/CAD Trade Plan (22 hours ago): Trend-line currently around 1.0040- StockStream Forex On NZD/USD Trade Plan (2 days ago): Pair moved lower without hitting our buy zone. Still looking extremely...
- Luv Sharma On USD/JPY Bull Flag (3 days ago): Out at break-even.
- Luv Sharma On Looking to Long GBP/CHF (3 days ago): I am locking in profits in GBP/CHF at 1.4775. Profits = 175 pips.
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Looking to Long USD/CHF
By Luv Sharma 248 days agoCategories: Forex
I will be looking to go long USD/CHF if we test the 0.93 region before the FED announcement tomorrow. I expect market disappointment on the QE3 front which should lead to a rally in the US dollar. It should be noted that this position is...
Long CHF/JPY
CHF/JPY has been consolidating after a break above its triangle consolidation pattern. We expect the pair to move higher from current levels with minimum targets of 83.50. It should also be noted that the pair has not closed below its 10 day EMA...
Trade Plan for EUR/JPY, EUR/CAD and EUR/USD
The ECB held its end of the bargain leading to rally in Euro pairs. Expectations of QE3 from the Fed this week are also fueling the rally in risk assets. The Euro pairs have broken recent consolidations are look promising from a technical...
NZD/CAD trade plan
NZD/CAD has put in a tweezer bottom on the daily chart right at the bottom of its declining parallel channel. We will be looking to buy pullbacks to the 0.7850 with targets in the 0.7950-0.80 region. Stops can be placed below the lows. Test of the...
Another look at NZD/CHF
NZD/CHF has found support at the 50% Fibonacci retracement of the recent rise and strong horizontal support area. We expect a move to the back to the 0.77-0.7750 region. Disappointment from the ECB on the bond purchase front may lead to further...
EURO Pairs to Correct
Euro pairs have seen a significant rally from their July lows on hopes of an ECB bond buying scheme and US QE3. We see ECB to falling short of the market expectations on the Bond buying front which is likely to bring the Euro troubles back on the...
Looking to buy AUD/CHF
By Luv Sharma 261 days agoCategories: Forex
AUD/CHF is coming up against its longer term trend line support in the vicinity of the 0.99 region which is also 38.2% Fibonacci retracement of the recent rise, horizontal and psychological support. The RSI is also showing divergence on the 4-hr and...
Looking to buy GBP/USD
GBP/USD cleared its ascending triangle pattern last week. We will use pullbacks to the 1.5750-1.5770 region to go long with targets close to 1.59. Stops can be placed below the lows formed after a reversal at the indicated...
AUD Pairs ready to recover?
The recent correction in the AUD pairs has put them at critical support levels. Speculations over QE3 in the US and upbeat RBA minutes may limit further downside in these pairs and even see recovery this coming week. For the coming week we are...
US Oil to correct
By StockStream Commodity 269 days agoUS Oil is currently showing signs of rolling over from the 97.0-97.50 levels. This region is 61.8% Fibonacci retracement, horizontal and trend line resistance. We expect the pair to move lower from current levels with targets in the 92.50-93.0...