AUD/NZD +203

recent news did not go in favor of Aussie. Currency dropped on all fronts, and for a reason (building approvals, trade balance), but positive facts should not be forgotten. New Zeland trade was not great either :) This is the fifth week that this pair is taking a beating, and it might be some more to come, but by no means in such fashion as it was up to this point. If you look at thmonthly chart it is even more evident. Chart is telling us to buy at this level 1.2378 and put stops at 1.2375, with a target at 1.2780. We expect Slow Stochastic to cross, and support trend line to hold, in worst case scenario, but moving average should hold too (not to close below)

AUD/USD +236

technical aspects of this trade are indicating toping out of this pair. Slow stochastic is showing diversion on daily chart, and weekly chart is about to cross, what are the indicators of change in direction. Pattern of the candles is also indicating exhaustion of the trend, daily & weekly.
US dollar index is showing signs of bottoming out on a daily chart (around 79).
This particular trade is based on technical position of the pair. Yes, we know that tomorrow we have employment data, non-farm, ISM and retail sales for AUD next week, but despite these unknowns, we are going in. Why would we do this. It is simple. We believe that we are going to make $$$. :-)

EUR/USD +365

reasons for this trade are the same like in the previous. Yes, we were proven wrong on timing of this trade (evidently), but we still believe that we have correnct prediction. We call for rebound, (rather than rise) of the Euro. During next week and maybe untill the end of the month, we should hit our targets. Yes, we looked at US employment data, and we don't believe that 200k on jobs report is a game changer.
On the technical side, just look at the Slow Stochastic.

EUR/USD -154

one should almost expect sudden moves on the currency market in this time of the year. In this pair it looks like the good buying opportunity. There is no point to explain every move on the market, but general picture, for a right now, is showing that this pair have room to "grow".
Last week candle showed market unwillingness to go lower. This week, so far, added more undecidedness to it, and current drop gives a great chance for buying. It is just what we would like for christmass :)
Bellow the current levels lies 23.6 fib support at 1.2840 (1.1881-1.6026), and it should hold, in case that things go "south". Core of the trade is based on the belief that market is currently not willing to sell more euro, but is waiting for the next news or a reason to buy more euro, what we believe that is coming. When markets are wishing for something they usually get it, and now market is waiting, wanting, wishing, for a good news.

Happy New year to everybody from OctagonFX

CHF/JPY +138

by know everybody knows that JPY is just getting stronger and stronger. When we have "flight to safety" in currency world, that means that people are selling AUD, CAD, NZD, GBP, and EUR, and buying JPY, USD, and CHF. In this case we have battle of the two "safety nets". Both central banks are saying that their currency is too strong and that will have an effect on their economy. They might be right, but that will not stop traders from buying their currency. Both of the central banks tried and experienced the pain of intervention on the currency market that did not lead them anywhere. To make this short; JPY is overboght on so many levels, and we have some what of Risk-on on the market. Technical aspect will help our trade, but needles to say that we have to keep an eye on market developments, cause things get get ugly "in a jiffy" :)

CAD/JPY +115

new lows are reached on this pair 72.13, and some would say "why would you try to catch falling knife"? Well, there is several reasons for it. Of course that we know that market is selling off risk (CAD), and buying safety (JPY). On top of everything oil is reaching new lows,S&P & Dow are also reaching new lows. This trade is based on premise that people are going to stop and think very carefully about selling more than this level on many markets, even if the news that is coming out is not all that great. That would in our opinion open door for much lower levels, and our trade would be liquidated in a "jiffy":)
If markets stop and think about it before make the next move, our trade makes perfect sense. It would make a great profit if someting good happens on the market. After all, even the selling has it's stoping point.
Slow Stochastic looks tired from pointing lower :)
Stops are placed at 71.60 and target is 73.40

AUD/USD +260

USD made a huge run in recent weeks, from low seventies to high seventies, where it is currently. At the same time AUD did it in opposite direction, as the markets were selling off. Pair is on the support line that seems very strong, and we think that would take a lot of global selling in order to go bellow. As many are predicting high volatility of the market we think that this is the time to buy, and look for the upswing in global markets where buying will take place, before the end of the year. Reason for fear and worry is always there, but so is the hope and desire to make money. Technically we think that this is the good spot for the purchase of the currency leader when market is on the upswing, and of course we expect that news from China and asian markets surprise on the positive. Target can easily moved to a much higher point than 1.000, but we will play it a bit conservative at this moment. We will cut the trade bellow 0.9600