Trade Ideas

With upcoming volatility coming for the Aussie very soon, this support retest on AUD/NZD could be the way to play if the news disappoints.

Closed out my USD/CAD long position as the bulls had a tough time cracking a major resistance level and Canada gave us a strong positive economic surprise

With trade tensions back in full swing, I’m hoping to catch a short Aussie position with this quick correction opportunity on AUD/JPY. Think it’ll reach my entry area?

Now that the U.S. has made good on its promise to raise tariffs on Chinese goods, will the dollar act as a safe haven and push USD/JPY higher?

After breaking below a rising channel pattern, will AUD/CAD draw in more sellers to push the pair lower? 

It looks like my CHF/JPY and NZD/USD short plays have been working out well, so now it’s time to adjust my plans to lock in some profits and maximize my gains. Check it out!

With trade tensions back in the spotlight, I’m keeping my eyes locked on this long-term Aussie setup. Think I’ll have a chance to catch a short play?

Both of my open positions closed this past week, one at the profit target and the other…. not at the profit target. Here’s a quick review on both

The channel support is still holding, you guys! Do you think I can catch a good return-on-risk if I try to hop in a long position at market?

Decided to cut my EUR/CAD short after a snoozefest in April, and my NZD/USD short play needs a slight adjustment ahead of the U.S. jobs report.

After falling back to trigger my long orders, GBP/NZD popped up to give me a quick profit this week, and with a major economic update from NZ, I’m adjusting to lock in some profits ahead of the event.

A simple technical setup and a likely pick up in volatility next week makes GBP/NZD the play of the week if the price is right. 

Got another simple technical setup on the longer time frames, this time on NZD/USD that could soon draw in more downside momentum

No luck on getting additional momentum in EUR/AUD after the consolidation break. And with a potentially negative Aussie event ahead, I decided to cut this trade. Here’s a quick review.

The BOC statement is coming up this week, and I think this pair would be a good one to play in case the central bank maintains its stance.

With volatility creeping lower every day, decided to step out to the longer time frames and found the uptrend in USD/CAD very interesting. 

CHF/JPY just formed a consolidation break on the daily time frame, so are traders ready to start a fresh leg in the longer-term downtrend? 

Potential volatility could be coming for the Loonie with the Bank of Canada meeting around the corner. Will we hear talks of a rate cut?

Here are a quick couple of updates as the technical argument on NZD/JPY short was quickly invalidated and EUR/CAD retests my area of interest for shorting.

Remember that long-term ascending channel on GBP/AUD’s daily chart that I had my eye on early this year? Well, it looks like another pullback is happening!