Luv Sharma
Independent investor with over 8 years of investment management experience.
August 2011
Looking to Short NZD/USD
NZD/USD has broken key support levels of 0.81 and 0.80 on this recent fall. These levels should now be resistance on the way up. I am looking to go short NZD/USD on a test of the 0.80 region with targets close to the 50% retracement at 0.78. I would...
NZD/JPY Long Trade
NZD/JPY has corrected close to 8% last week on poor NZD GDP numbers and general flight to risk aversion. The pair has entered oversold levels on the daily charts. It is also testing the congestion zone in the 58.5-59.5 region and seems to...
Short USD/SGD
USD/SGD is testing the top of the parallel channel that has guided the pair lower since early 2009. USD has had a sharp run-up over the past few sessions. I am looking for a pullback in this pair before a break above the channel line. I...
USD/CAD Inverted Head and Shoulder Pattern
USD/CAD is testing the neckline of its inverted head and shoulder pattern. I will be looking to buy a retest of the neckline after a break of the pattern to get long. Targets will be close to 1.01. Will advice on stops once the trade is...
CHF/JPY Long Trade
CHF/JPY has set up a doji on the weekly charts. I am expecting some Yen weakness in the coming week. This along with the reversal signals should lay the foundation for a bounce in CHF/JPY. I am long from 87.5 targeting the 90 region. This...
EUR/CHF Long Trade
Going long EUR/CHF from 1.2035 with stops below 1.1950 and targets close to the recent highs by 1.2180. The pair should be supported above 1.20 on fears of SNB intervention.
AUD/NZD Inverted Head and Shoulder Pattern
AUD/NZD is breaking out of an inverted head and shoulder bottom. I am long the pair from 1.275 with stops below 1.268 and targets close to 1.3150. Good luck trading.
USD/SGD Bearish Triangle Pattern
USD/SGD is setting up a bearish triangle pattern. I will be looking to go short on a break below the base at 1.20. Targets for the trade will be close to 1.1750 with stops above the break out levels. I will advise on exact stops once the...