Analytics Idol. Forecasts of the winners
Round 2 of the contest continues. Who will be the Analytics Idol? The winners of the Round 1 of the 'Analytics Idol' contest have sent their second trade recommendations. They have done an impressive job. Read their forecasts. We hope you'll find it helpful in your trade. Fell free to discuss these trade signals.
Hi good day to all traders!
This is my second intraday forecast for Analytics Idol Round 2 for April 08, 2014. My chosen pair is GBPUSD, because it caughts my eye, there's a downtrend already form on 4-hour chart. It created lower highs and lower lows, even if it gained a little bit when London market opens. As what the chart tells me this is only temporary, it is the start of short term bearish market for this pair. The current market price is in line with the Ichimoku clouds the color red. There's a possibility that this will plunge. If you will see on the daily chart, bulls are struggling to fight back. Even in weekly, MACD is declining and Stochastis is overbought with a strong sell signal. On the fundamental side, there's no big news coming on both currency so I only used a stoploss of 46 pips with take profit of 83 pips.
sell: 1.6591 stoploss: 1.6637 take profit: 1.6508
#2 - Won Tuno
AUD/USD is flat, moving sideways within area 0.9300 and 0.9200 these 2 weeks, waiting for important news on Thursday. My medium and longer term analysis could be interesting for daily traders later. But for now will focus on intraday trading for this pair.
Sideways moving would be: "SELL at TOP, BUY at BOTTOM"
Missed by only 5-7 pips entry in previous forecast, and missed those ~100 pips, this time let's try not to miss it again.
So my recommendation: SELL 0.9295, SL 0.9320, TP 0.9215 BUY 0.9215, SL 0.9190, TP 0.9295
I prefer to SELL more than BUY, expecting swing down for medium term. Suggesting to not taking any trade in the middle of sideways trendlines.
#3 - Ayoub Ben Rejeb
My Trade recommendation for today 08/04/2014 :
Pair : Gold ( XAU/USD ) Time Frame H1
Buy Stop 1300 - SL 1296 - Tp1 1303 - Tp2 1306 - Tp3 1315 Buy Limit 1293.5 - SL 1289 - Tp1 1300 - Tp2 1306 - Tp3 1315
NFP data couldn't give USD the right boost to dominate the scene while commodity currencies ( AUD , CAD , NZD ) lead by the shining metal GOLD enjoyed the ride So after curving a nice bottom last week , Gold rallied above 1300 and it's back testing old support levels just below it forming a nice flag for continuation to the upside, not to mention the bullish divergence and the Fibonacci's support levels ( 38% - 50% )
# 4 - Shinichi Kedo
From the chart it show that this currency AUD/USD is testing in the area 0.9265 - 0.9285 .However it already hit the price 0.9310 still under the price i make an order stop buy 0.9311 so it still in the trend down. But review again the chart it show that a candlestick it too long in area time 4 April 10:00 - 14:00. It show that this candlestick in the wave up. In this time we should buy in the area 0.9270 - 0.9284 , TP : 0.9368 , SL 0.9203 Because the chart showed a signal that is will be up when this currency testing in the area 0.9265 - 0.9285 one more time ,so this currency will runing in the trend up and waiting for the a big wave .
#5 - Wahyu Hidayat
08/04/14. Pair EUR/USD Entry point: 1.3740 take profit: 1.3782 stop loss 1.3689. Today Asian markets traded range of 1.3740 euros . On the previous day a close below the 1.37 figure could give a signal of a reversal to the recent bullish trend, with the next supporting level drawn from connecting the lows from Sept ’13 and Feb of this year. Resistance once again expected towards the 1.38 figure should the current test of support result in reversal and EUR strength.