Top 2015 Forex Trades

This year will be a good year for the Forex Markets. With a slew of important economic news coming out of the European and Japanese regions. Recently published, our 2015 Forex Outlook details the technical and fundamental factors that are the foundation for the trades in this report. The 3 major currencies USD, EUR, and GBP offer some of the greatest opportunities for growth based on analysis of fundamental analysis of upcoming news events and technical analysis of specific pairs that are directly affected by the news.  

USDJPY:

The USD has experienced some serious growth through 2014 and it looks as if this trend will continue at least half way through 2015. The BOJ wants to ignite some inflationary pressure on its economy through some more huge stimulus plans and the US wants to raise its lending rates this year. That equals a buy for the dollar and a sell for the yen. 

On this monthly chart we can clearly see that the USDJPY has rebounded substantially and following the trend is the name of the game. A good buy entry would be at 115.000 and an initial profit target is set at 125.000. The next profit target is 135.000. The stop loss limit for this target is 110.000. That's a 500 pip risk for a 2000 pip gain; 1:4 risk/reward ratio.   

EURGBP:
The EUR has been the bottom of everyone's trade since 2014 and with Greece's General Election results it looks like the selling will continue. The EURGBP is a perfect pair to take advantage of this situation with the technicals of this instrument are telling us the pressure to the downside is real.

The best entry to exploit this trade is to find resistance around .7800 and sell into the next major support at .7000. The stop loss limit for this .8000. These levels leave us with a 200 pip risk and a 800 pip reward; 1:4 risk/reward ratio.

EURUSD:
Still the most traded currency pair in the Forex Markets. On a monthly chart we see that the technicals have truly slid into bears' territory. The pair has broken below the major 1.2000 support.

The volatility of this pair leaves us with no choice but to trade this pair using wide ranges for our orders. The best sell entry is actually a zone. Between 1.19000 and 1.2050 is the recent support zone broken and will turn to our new entry zone. 1.35000 is the stop loss limit price. The best scenario and most probable will be the price of this pair dropping to parity at 1.0000. The next profit target will be .90000; That's roughly a 1:2 risk/reward ratio.  

GBPCHF:
The Swiss bank finally removed its CHF ceiling and has cleared a path for CHF bulls. The techincal truth about this pair is that the selling trend has been in demand for nearly a decade and the pair's price has moved below a serious moving average line.

A great entry level would be a sell from 1.50000. A stop loss limit would be perfect just above the high of the recent leg lower which is 1.55400. The lowest low is the profit target to aim for at 1.15000. That's a risk of 540 pips and a potential reward of 3,500 pips; roughly 1:6.5 risk/reward ratio!

These trades offer exposure to some of the Forex Markets most plausible and profitable fluctuations. They also work in concert with each-other creating synergy through the hedging strategy. We are buying the dollar through our EURUSD sell and USDJPY buy. We are selling the EURO through our EURUSD and EURGBP sells. We are safe from a flat GBP with our EURGBP sell and GBPCHF sell which will give us insight to the strength and market sentiment which is hard to analyze in the GBP at this point.  

Trades Worth $1 Million

Not only have I identified some awesome opportunities in the US Equity Markets, but I have also identified some great opportunities for profits in the FOREX Market as well. So I usually stick to the "majors" just to keep things simple but today I'm reaching into the "minors", no "exotics" though.

EURCAD is an interesting pair to consider at this point with all of the EURO weakness in the markets. Traders have been selling the pair heavily since the ECB rate announcement over a month ago. On daily chart below we can clearly see some support around 1.41245 which was resistance back in October of last year...Like I said, interesting. We know markets trade in mirror form basically reflecting whatever was before into the future and either repeating it or doing the complete opposite and doing so in the same fashion as the prior market moves.

Upon closer examination we see that this pair has been doing a bit of testing of traders and prices. The RSI has been slowly rising while price has been congested in a wide range. Below on the 240min chart we can see that this pair has tested the traders by breaking 1.41245 on an intra-day level, probably shaking out weak players, but ultimately respecting 1.40500.

 I see a buying opportunity from 1.40500 for the serious traders but for the newbies and skilled traders I would suggest waiting until the pair has taken over 1.44000 to ensure your mental state is not corrupted by evil bank traders with more money than you and less worries than you (lol). 

GBPJPY has been consolidating in a shitty range for a couple of days at this point giving traders very few options with ways to trade this pair. On the daily chart below we see the pair stuck under 178.737 but above 177.097 

On the 60min chart below we see the pair in such a slow moving tight range that it's hard to even get an entry on either side of the extremes. That leads me to believe that a drop lower towards 175.270 could be coming to take the price down to recent resistance that was broken to test it for a new support level.

If not the pair will rise through 178.737 from  the range low at 177.097

EURGBP is looking pretty shady. I have no entry yet but I do have some signals that tell me something serious is coming for this pair. Not only has its decline been sharp and swift but it has come with some divergence from the RSI, where we see a slight rise. This tells me there's extreme manipulation going on and the big traders have been suppressing the price (probably because its the easiest EURO pair to sink lower by force.). Below on the daily chart we can see the clear mis-communication between the price and its price's strength.

Wait for a floor and then buy.

EURJPY is showing us some signs of a reversal. Recently the pair has seen some heavy buying going on and is now above an important resistance line that is now acting as support 138.373. Not only has the price been elevated recently but it has broken above its downtrend resistance trendline. The daily chart below spells out the story for us.

Along with a snap of the trendline we see the RSI above 50 but below 70. This is an awesome time to buy this pair! I say buy at/around 138.373 for an initial profit target of 141.215 (recent high). 

GBPUSD is a prime candidate to start building long positions in. On a 240min chart we can clearly see the pair respecting 1.61585 and our RSI is moving our of oversold territory to give traders a chance to join the big boys for the long ride home back to the highs we associate with this pair. 

From an entry at or around 1.61585 I set my profit target my profit target at 1.64000 and after that, the sky is the limit. 

 As for USDJPY I say...Stop being so afraid of 110.00, we all know the banks are going to take this pair to 115.00. I have a video posted (right side of page) that even tells us the likelihood and story of the trip. Below on a 60min chart we can see timid traders waiting for the banks to come back to this pair (and out of EURGBP) to send the price higher for us.

 If you're like me and got in around 105.00 be strong and confident, wait, you'll be happy you did.

Covered in Crystals

All I can say is money and beauty. These are the words that sum up the gorgeous and financially endowed  Daria Radionova. 
  So apparently Daria Radionova, a Russian Business Student, showed up to Levin Hotel in Knightsbridge on Monday with her Mercedes CLS 350 covered in 1 million Swarovski  Crystals. Look at this car, it's beautiful!!