Trade Ideas

It’s the start of a brand spankin’ new quarter, and I’ve got these neat trade setups lined up for EUR/JPY, EUR/GBP, and GBP/JPY to kick things off this week.

I’m seeing a couple of classic chart patterns and a short-term trend play on AUD/USD, NZD/USD, and USD/CAD for this week. Take a look!

This pair has been trending lower in the past weeks and is back to testing its descending trend line, still trying to decide whether to make or a bounce or a break.

After a sweet downside move in AUD/USD over the past week, I decided to close out my trade with the techs telling me there may not be much legs left for the bears.

And I’m in! I had a brief moment of indecision after the surprisingly upbeat FOMC statement last week, then I waited for a slightly better entry price to short. 

I was already out of my USD/JPY long trade but last week’s hawkish FOMC statement convinced me to jump back in. Here are the deets!

Confluence, baby! I’m seeing several support levels lining up neatly for EUR/JPY, but I’m still wary of euro zone fundamentals. Think we’ll see a bounce right here?

With the RBNZ monetary policy decision right around the corner, I thought there’s no better currency to play this week than the Kiwi with GBP/NZD’s uptrend in my sights. 

The Kiwi ain’t selling off as much as I thought it would, so I’m out of these short NZD positions for now while I reevaluate my fundamental bias.

New week, new chance to make pips! Here are potential catalysts and chart inflection points that I’m looking at for the dollar’s major currency pairs.

I’m hoping to catch a couple of retracements on EUR/JPY and GBP/JPY or this potential breakout on EUR/GBP. Check out the setups on my radar this week!

The commodity currencies were off to a weak start this week, but could they have a chance at rebounding from these inflection points in the next few days?

Thanks to fresh catalysts from the Fed, I’ve got a textbook rising trendline break on AUD/USD that looks ready to go for a trade.

I’ve already locked in my profits for my previous GBP/AUD long position, but I’m keeping a bullish bias on this pair and waiting for a quick pullback to hop in again.

And I’m in! A couple of positive updates from New Zealand brought this pair down to my entry point, but I still think the uptrend would resume soon.

I’ve been hoping to catch the selloff on USD/CAD for quite some time, and it looks like a good pullback setup is materializing this week. What do you guys think of this correction play?

Going with another trending play this week, this time on the recent strength in Sterling vs. the euro. More bounce ahead for a better entry?

The 111.50 resistance is getting too hot to handle, so I closed my USD/JPY trade and decided to wait for another opportunity later this week.

Woohoo! Caught a decent win on this long sterling play just ahead of the BOE decision last week, but I can’t help but wonder if I should’ve held on longer.

Lots of central banker events on tap! I’ve got the potential inflection points and market events you should pay attention to if you’re trading the dollar like I am this week!