Luv Sharma
Independent investor with over 8 years of investment management experience.
Friends' blogs
GBP/JPY Trade Plan
GBP/JPY has set up an ascending triangle pattern after stabilizing above the 147 mark. We will be looking to buy a break and retest of the 149.50 region with stops below 149 and targets back in the 151.50 region. We are watching price...
Short GBP/USD
GBP/USD is retracing after testing important resistance zone in the 1.57-1.58 region. This region is horizontal, Fibonacci and trend channel resistance. The RSI also seems to be turning after a test of the 70 level (Figure 1). We are short from...
Trade Plan for GBP/USD, EUR/CHF and Gold
By StockStream News 5 days agoCategories: Forex
The trends from the previous week continued this week with JPY remaining strong and USD weak. A notable exception was the reversal in commodity currencies. This week we expect some USD strength especially against EUR, GBP and CHF. To start the week...
EUR/AUD
By fx_scalper 6 days agoCategories: Forex
Had been meaning to post this trade setup earlier today but did not get a chance. EUR/AUD bounced off the channel support. I am looking for a move back to the channel top and then sell it for a move down to the 1.37 levels.
AUD/CHF and USD/JPY Trade Plans
AUD/CHF is setting up a potential double bottom. We will be looking to buy a break and retest of the of the neckline currently around 0.8875. The projected targets for the trade will be in the 0.9050 region. USD/JPY is approaching the 38.2%...
Long USD/JPY
USD/JPY is testing strong support in the 95.50-96.0 region. This region is trend line and 100 day EMA support (Figure 1). This is also horizontal and 78.6% retracement of the recent rise. The RSI is also approaching the 30 support on the 4-hr...
Trade Plan for Gold and Silver
USD strength towards the end of last week helped break critical support zones in both gold and silver. We will be looking to sell these pairs on rallies. Silver: This pair broke the range consolidation on the lower side. The projected targets of...
AUD and NZD may recover next week.
By StockStream News 13 days agoCategories: Forex
This week turned out to be extremely eventful with major selloffs in USD pairs and JPY strength which reversed post NFP. One consistent theme throughout the week was the continued weakness in AUD and NZD. The remarkable weakness in AUD and NZD pairs...
Prepare to Long USD
USD pairs are approaching important support zones. We will be looking for signs of stabilization and reversal in these zones to initiate long USD positions. The NFP numbers tomorrow may provide the triggers for this reversal. We are specifically...
S&P 500
By fx_scalper 15 days agoCategories: Forex
S&P 500 is undergoing the much anticipated correction. The first support (minor) is in the 1600 region (Figure 1). In case that support is broken the next support (major) is in the 1550 region (Figure 2). Figure 1: S&P 500...