Luv Sharma
Independent investor with over 8 years of investment management experience.
September 2011
Looking to buy EUR/USD Pullbacks
By Luv Sharma 571 days ago Comments (4)The positive developments at the EU summit last week sparked a rally in risk which should continue this week. I am looking to buy EUR/USD on any dips to the 1.40-1.4050 region for eventual move to the 1.45 region. If we get more concrete...
USD/JPY on intervention watch
USD/JPY is testing post World War II lows. We have a lot of chatter in the market about a potential intervention from BOJ to stem yen strength against the USD. Past intervention efforts have failed to create lasting weakness in the yen. However this...
Looking to buy USD/CAD on pullbacks
By Luv Sharma 576 days ago Comments (5)USD/CAD is bouncing off the daily trend line and psychological support at 1.0. I expect another move to risk aversion in the later part of this week, possibly driven by failure at the EU meet today. I will be looking for opportunities to...
EUR/AUD and USD/CAD still good long opportunities
The trade calls on USD/CAD and EUR/AUD issued last week are still valid as long as levels of 1.0040 and 1.3360 are not breached respectively. The eventual targets for these trades will be 1.065 and 1.40 respectively. However intermediate targets for...
Long EUR/AUD
EUR/AUD is finding support at the 61.8% retracement of the recent fall. It has posted a higher low and looks ready for a bounce. Further, EUR against the AUD looks to be in a win-win situation. If we hear good news about a bailout fund...
Long USD/CAD: Update
For those of you who missed out on the original trade this may be a good entry. USD/CAD has found support at its 0.618 retracement level. Long at current price, with stops below 1.01. Targets above 1.0250.
Long USD/CAD
I am expecting general USD strength this week. USD/CAD in particular should be very close to completing its Wave IV low ahead of the 1.0010 level. As long as 1.0010 is not broken I am expecting an eventual move beyond 1.065. USD/CAD is...
Looking for a USD bounce this week
By Luv Sharma 585 days agoCategories: Forex
There are multiple signals of a short term top in the risk rally we saw last week. For this week I am expecting a pullback in USD against most major currencies (esp. the commodity currencies). The S&P 500 (Chart 1) is nearing its range top and...
Expecting a USD/CAD bounce
USD/CAD seems to be finding support ahead of the 1.014 level. The charts suggest that the pair is setting for either a double bottom or a head and shoulder pattern. I favor the latter because a number of other pairs (namely AUD/USD and...
Short AUD/USD
AUD/USD had broken the trend line that had guided it higher from 0.94. I am expecting a pullback in this pair which should take it to levels between the 38.2% and 50% retracement levels of the recent rise. I am planning to short this pair...