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Tuesday, September 10, 2019

Special Offer for the Labour Day 2019

Happy Labour Day!

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Wednesday, July 15, 2015

AUDNZD Sell Recommendation July 16th 2015

Currency Pair: AUDNZD
Timeframe: Hourly Chart (H4)
Recommendation: Sell AUDNZD @ 1.1290
Take Profit @ 1.1000
Stop Loss @ 1.1400

The AUDNZD has rallied after a sharp sell-off took this currency pair to a lower low. The current rally is stuck at its resistance level and should this be the end of it a lower high would be confirmed which means the next move will be to the downside and likely set a new lower low.

I expect volatile trade ahead, but will use this as a good entry opportunity for my short positions. I expect a sell-off on the back of profit taking, but I am prepared to hold this trade through the end of this year if necessary.


Thursday, July 2, 2015

NZDJPY Buy Recommendation July 3rd 2015

Currency Pair: NZDJPY
Timeframe: Hourly Chart (H4)
Recommendation: Buy NZDJPY @ 82.60
Take Profit @ 89.00
Stop Loss @ 81.10

The NZDJPY has sold-off nicely and everyone who was short in this currency pair, congratulations on some deserved pips. I think we will see a volatile period ahead of us where this currency pair will try to carve out some solid support before we will witness a sharp reversal.

I am positioning myself for a short-covering rally as I do think the sell-off was overstretched and left the NZDJPY in extreme oversold territory. We could see some choppy, sideways action before forex traders will realize floating trading profits.


Sunday, June 28, 2015

EURUSD Buy Recommendation June 29th 2015

Currency Pair: EURUSD
Timeframe: Hourly Chart (H4)
Recommendation: Buy EURUSD @ 1.1015
Take Profit @ 1.1430
Stop Loss @ 1.0900

The EURUSD has opened the Asian trading session with a gap lower as Greece is opting to hold a referendum and as the Eurogroup held one meeting without the Greek finance minister in what may have been one of the darkest days in Eurozone democracy.

I took the sharp drop as a great entry opportunity for my long position. I think we will see a lot more volatility ahead of us and I will look to possibly amend my stop loss and instead add to my longs. I think the gap we see in today's H4 chart will be closed as more details about the ongoing Greek crisis emerge.


Thursday, June 25, 2015

EURGBP Buy Recommendation June 26th 2015

Currency Pair: EURGBP
Timeframe: Hourly Chart (H4)
Recommendation: Buy EURGBP @ 0.7100
Take Profit @ 0.7385
Stop Loss @ 0.7000

The EURGBP has corrected, but I think the sell-off is basically done. Sure, the Grexit issues may plague this currency pair and we could see a sharp increase in volatility especially if no deal will be reached before markets open on Tuesday, but the risk/reward ration on this trade is worth it to me.

Those who follow this trade should set aside enough capital for a second entry level just in case we will hit some rough trading over the next 72 hours which will open up trading opportunities. Overall I think the EURGBP will enjoy a short-covering rally which will take this currency pair back into resistance.