Trade Ideas are latest short-term (mostly intraday) trading strategies provided by analitics from investment bank UBS. Today we can get to know with bank setups on such pairs like EUR/USD, USD/JPY, AUD/USD or USD/CHF.

EUR/USD

EUR/USD is still turbulent after Fridays non-farming payroll report. We advise to play the intraday range and only get involved on the extremes. Supports on 1,1200, 1,1170 and 1,1150. Next supply zone on 1,1265. Try HotForex and use these Trade Ideas in your own investments.

USD/JPY

We don’t expect much from Wednesday BoJ meeting, but we did notice rising expectations for further easing on monetary policy. Next meeting may provide some hints from members about that. The support should show up on pair during next days and we recommend buying USD/JPY near 120.00 level. Next supply is 200 DMA (currently on 120.90).

AUD/USD

RBA leaving rates unchanged boosted AUD significantly. Yet, previous downtrend scenario is still live, so UBS advise to sell near 0,7120/30 level with stop loss above 0,7170. Target – 0,7020.

USD/CHF

Pair made up for October 1st levels, but UBS doesn’t see any sense to buy USD/CHF on current level. Instead, bank is searching appropriate place to sell USD/CHF with stop above 0,9800 targeting to 0,9650.