Candlesticks and Ichimoku Trade Ideas Performance Update

After seeing the rebound from 108.13 to 109.22 early last week, we took the view that a temporary low has been formed at 108.13 and bought the pair at 108.45, dollar did find renewed buying interest at 108.32 and has rallied in line with our bullish expectation, our upside target at 109.45 was met (with 100 points profit) as dollar rose to as high as 109.50 on Friday.

We sold dollar against Swiss franc last week after seeing the break of 1.0008 and a short position was entered at 1.0000, however, as dollar found support at 0.9941 and recovered, we exited the position at 0.9950 as we saw a possible risk of another rebound, price then bounced back to 1.0000 before dropping again earlier today to a low as 0.9893.

A long position was entered in EUR/USD at 1.0690 late Friday, the single currency found renewed buying interest at 1.0682 and rallied from there accordingly, the pair opened sharply higher today and largely exceeded our upside target at 1.0790 as price surged to as high as 1.0936.

In short, 3 positions were entered among all 4 currency pairs with total profit of 250 points and the positions are listed below:

19 Apr : USD/JPY – Long at 108.45, exited at 109.45 (+ 100 points)
19 Apr : USD/CHF – Short at 1.0000, exited at 0.9950 (+ 50 points)
21 Apr : EUR/USD – Long at 1.0690, exited at 1.0790 (+ 100 points)

|                 JPY             EUR             CHF            GBP

Jan          + 167             – 85              – 10            + 50
Feb          + 200            +150             +93            – 59
Mar              -23              -70               -23            – 35
Apr             + 65            + 90             + 50            – 40
May         
Jun          
Jul           
Aug         
Sep             
Oct         
Nov        
Dec                                                                                               
Y-T-D       + 408            + 80               +110           -84