Luv Sharma
Independent investor with over 8 years of investment management experience.
July 2011
EUR/CHF Looking Higher
EUR/CHF is looking to break higher from its ascending triangle pattern. I will look to buy a break above the triangle top for targets close to 1.18 and stops below the resistance line at 1.15. I will advise on exact stop levels once the...
GBP/USD Head and Shoulder Pattern
GBP/USD is setting up a head and shoulder pattern on the hourly charts. I will be looking to sell a break of the neckline at 1.6440 with targets of 1.6260. Stops can be placed above the neckline. I will advise on the exact stop loss...
CHF/JPY rebound
CHF/JPY is stabilizing ahead of its support in 96 region. I am looking for a rebound in the pair before a continuation of the downtrend. I am long this pair from 96.20 targeting 98 and 100. Stops can be placed below the lows near 95.5.
Going Long USD/HKD
USH/HKD is bouncing from a retest of the trend line that has guided the pair higher from the 7.76 region. I have taken a short term long position at 7.79 with stops below 7.7850 and targets in the 7.8 region. The timeframe for the trade...
Looking for a EUR/CHF pullback
EUR/CHF is testing the descending trend line from 1.23 and the previous swing lows at 1.14. This region should provide resistance to the pair on the first test. I am looking to short the pair around 1.145 with stops on a close above 1.150 and...
EUR/NZD Descending Triangle Pattern
EUR/NZD is setting up a descending triangle pattern. If the base of the triangle is broken I will be looking to enter short positions on the pair on a retest of the broken base. Targets for the trade will be in the 1.640 region.
EUR/USD Outlook
By Luv Sharma 651 days agoCategories: Forex
EUR/USD has set up a bearish descending triangle. A break below 1.38 should cause the pair to move towards the 1.31 region. A failure of the pattern caused by a break above 1.45 should push the pair higher towards the 1.50 levels.
Looking for a CHF/JPY Pullback
CHF/JPY is testing multi year highs by 105. The pair is extremely overbought and should face supply ahead of these highs. I am looking to short the pair at current level with stops on a close above 106 targeting 100 levels.
Looking at USD/CHF Bottom
By Luv Sharma 658 days agoCategories: Forex
USD/CHF is showing early signs of a short term bottom. We are also looking at a longer term base formation in the near future if not at current levels. I am taking a small long at current levels targeting 0.78. Stops below 0.76.
NZD/USD Bear Flag
NZD/USD has formed a bear flag on the hourly charts. A break below the flag base will project targets in the 0.865 region. I am short from 0.878 with stops above 0.882 targeting 0.865.