After holiday plays

As we approach a new year and end this exciting one we have some plays for the market on monday.

Expect higher levels of volatility as institutions, banks and retail traders close out large positions for end of the year portfolio consolidation.

For currencies we have found some strong support on the GBPJPY pair and we are looking to go long here at the 179 levels.

LONG GBPJPY at 179

For stock picks we have a few plays that are looking poised for a bounce or week run upwards.

PLX (Protalix Biotherapeutics) has seen a nice move up to $1.0 from $ .80 and just recently has had extremely strong buying at exactly $1.0. This play seems safe and may never see a price under $1.0 a share for a long time as the approved Phase III FDA trial starts up.

ALXA (Alexza Pharmaceuticals) has been slightly beaten down these past weeks but we are discovering support around the .78 cent levels. with 20% institutional ownership retail traders are beginning to become enticed as Phase 2a trials are underway.

ONTX (Onconova Therapeutics) another bio in Phase 2a trials, this stock is trading around cash on hand levels and is heating up as more and more positive results are found from trials.

On an unrelated note, this is our 100th post and us here at Objective Forex want to thank all of our readers as we prepare for another exciting growth filled year.

21st Dec Market Plays

We have some nice plays for this holiday week.

In Forex we have short term bounce play.

LONG USDJPY at 121.1

For stocks we are still seeking some solid safe plays but these will be slightly more volatile than normal.

SKLN Skyline Medical is trading with thin volume closing at 3.13 suddenly after briefly flirting with 4.00 for a large pop gain. Monday should see buying pressure for another gain.

ROKA Roka Bioscience is yet another biotech which has had a solid upward trend for the last 5 days from 1.18 to 1.40. This trend looks to continue.

ABUS Arbutus Biopharma has also been cruising upwards with strong tend from 4.30 to 5 and should be a safe long term investment at these levels. 

Fed Interest Hike Soon and Weekly plays

As we all know the markets have priced in a slight rate hike now by around 0.25% which can produce quite a few trading opportunities from commodities to stocks.

We will not be issuing a play for this week on the forex markets for risk control.

However we do have some stock ideas that we have determined to be strong against possible downside of a rate hike.

FSNN (Fusion Telecommunications International) an excellent communication services company that is currently undergoing extremely aggressive expansion. 

PSUN (Pacific Sunwear of California) An extremely undervalued clothing/fashion brand heavily invested in by institutions.

TPIV (Tapimmune) A biotech currently trading under cash value and looking to be an attractive swing/long term hold.

As a reminder the rate decision will be announced at 2:00 PM on December 16th, please tread carefully knowing the risks and increased volatility in these times.

Weekly Play

Great success on our GBPJPY play last week as it soared upwards touching the 186 levels.

For this week we will be moving over to a EURUSD short after this extreme pop these levels are looking great for a sharp selloff.

SELL EURUSD at 1.08

For stock plays we have a few very interesting picks.

LLEX (Lilis Energy, Inc) Looking to recover strongly after an unwarranted 40%+ drop on friday.

ENZN (Enzon Pharmaceuticals) A strong healthy company at an attractive price with an interesting short term hold dividend being issued.

DRWI (DragonWave Inc) A networking tech company that rose over 50% on last friday with heavy volume, this is a higher risk speculative play.

Monday Open with big stock plays

For our forex play we are looking at GBPJPY which seems to have landed on a solid support level. 

LONG GBPJPY at 184

For stocks we have 3 big potential runners.

SUNE (SunEdison Inc) has had a huge downturn but looks extremely attractive now with current news.

RPRX ( Repros Therapeutics ) A play which we have seen before had a monster friday closing up over 40%, FDA news could turn this into a huge play.

HART ( Harvard Apparatus Regenerative Technology ) has seen increasing investor confidence due to impressive marketing.

We have some nice plays for this monday.

The USDJPY has attained an ascending channel pattern and has alerted. We will go long here.

For stocks we have GBIM (GlobeImmune) which is up heavily with a strong daily chart

Tuesday Weekly Stock Play

After stabilizing we finally have a pick and this one is quite exciting.

XCOM ( Xtera Communications ) is a technical company specializing in optical transport solutions, they just had their IPO release at a modest $5 a share price, however analysts are predicting a $9 price target.

Monday Update

USDJPY play for today once again still at strong support levels.

No stock play on monday with worries over the market. We may enter a play further throughout the week.

SPHS Update

SPHS (Sophiris Bio) Update

Huge 300% movement today after good trail results.

This is one of our biggest home runs this year with over 300% movement after alerting a few days ago. Congratulations to those of you who followed our advice. We are sure to see this pick have even further upside in the future as well.

Monday Update

Update for monday here with a new forex play and two stock picks for the week. Our last week was extremely successful with all stocks rising quite impressively. Or forex pick was also on point with USDJPY.

We are continuing the USDJPY play as we reach further with this big move.

We are looking at RPRX (Repros Therapeutics) as it suffered a near instant drop down from $8 to $1.60, this is a huge recovery play and at 1.78 this seems like a sure buy that has stabilized some over last week.

Also SPHS ( Sophiris Bio Inc ) Rising up currently at $0.85 a share after suffering a wide decline for many years previously.

Big Monday Week Update

We have some exciting news to share concerning our weekly forex/stock picks.

As you all know we normally release several different picks during the week which has worked quite well. However with our algorithm and alert indicators we feel we can offer even better accuracy than before by just releasing one strong weekly pick for objectiveforex.com

From here on out we will release one forex play and one or more stock plays for the entire week to be more consistent and predictable and easier to absorb for our traders and readers. 

For monday we are looking at a potential bounce play on USDJPY as these levels are looking solid with great spikes upwards. (see graph)

For our monday stock plays we have two nice contenders.

APDN (Applied DNA Sciences, Inc)

Suffering an extreme and over reacted drop from $7 a share down to $3 in an intense short attack. It has already began recovering and looks to be moving upwards quickly. 

GSB (GlobalSCAPE Inc) 

Popping over 10% up on friday this small information technology company looks strong as it blasts past previous support and looks towards new highs.

Monday Recovery and MACK stock pick

On late sunday/early monday we will be initiating a recovery play on EURUSD at any big dips after open. This should net quite a few pips quickly as institutions buy up the low levels.

We are also initiating a new stock pick. MACK (Merrimack Pharmaceuticals) with a new FDA approval for cancer, very undervalued and should prove to be a big earner in the coming long term. Alerting at 9.70.

Tuesday Stock Play

Taking a break from forex we look towards playing RXII (Rxii Pharmaceuticals) long, and some minor longs in MHR.

In addition, our long standing stock pick SLTD is finally gaining some traction again and should see more volume in the coming weeks.

Thursday Recovery Play

We called the GBPJPY trade quite accurately as it popped shortly after our release, however dollar weakness has brought it and many pairs sharply down yesterday and last night.

We are looking at a recovery play on USDJPY to take advantage of great gains as we approach oversold territory.

LONG USDJPY at 118

Honorable mentions to our newest stock pick ZN which is cruising up past $2.0 a share when we alerted at $1.6.

Tuesday Play

We're looking at a GBPJPY play for today as we've been waiting for a nice healthy drop to resume some strong bullish movement.

LONG GBPJPY at 182

Thursday Fed Minutes

No trades today for us in these ranging markets. However we do have another stock pick to add. 

ZN (Zion Oil and Gas Inc) Currently flat over the year, despite the decline of oil. This oil play is sure to excite as oil reaches back up to $50. This should be a long term play with dividends included.

We have a target price of $3.00 for this pick.

Wednesday Update

Great moves from EURUSD, and we are continuing this play for now as well as introducing a more speculative play, the GBPJPY reversal seems ready and a long buy looks attractive right now.

LONG GBPJPY at 183

 EURUSD has dropped down to strong support after big moves last week, we're jumping on here long for a steady upwards advance.

LONG EURUSD at 1.118

Week Overview

Successful plays this week here, with our earlier EURUSD trade and our USDJPY trade reaching up to 120.400 before sharply falling off. Profits should have been relatively easy to capture.

Huge movements in the markets today as friday continues. We will resume back on monday.

Success and new play on USDJPY

Great play on EURUSD earlier, we called the bottom and rode up on the swift rise. We wouldn't be surprised about a bit more upwards momentum there. 

However we are shifting our focus to USDJPY today with a strong baseline support established. 

LONG USDJPY at 119

Continuing EURUSD Play

We are continuing our EURUSD play based on new and continued strength.

EURUSD week finish

CHFJPY struggled and collapsed downwards and we remain even firmer on a good buy at these levels however we will finish the week off with a EURUSD play as there has been some really good price action lately for a long.

LONG EURUSD at 1.12

Late Tuesday CHFJPY

The CHFJPY has been cooling off and looks oversold here, should pick up here for some value buying. 

Our AUDUSD trade did go positive immediately after alert but not as high as we hoped, and after a sell off it dropped way below, profits were possible however.

LONG CHFJPY at 123

AUDUSD Monday Start

Looking to see if AUDUSD will hold or drop at these levels, if it holds expect a great move upwards. Perfect levels for some action and a safe buy here. 

LONG AUDUSD at 0.712

Breakout and week review

100% win rate on our trades this week with a huge CHFJPY breakout

We're sitting out for the tonight and friday anticipating some higher volatility and waiting for a better set up.

We'll see you next week with more exciting analysis.

Meanwhile, check out the graphing of our breakout on CHFJPY

(click to enlarge)

Called the breakout on CHFJPY here, monster pickup.

We're looking at a tight continuation here tight stops recommended for tomorrow.

Tuesday CHFJPY play

CHFJPY looks to be in quite a good spot after a small fade and support looks strong at 123. 

This looks like a bounce play here as we try to catch a high spike or a large movement upwards.

LONG CHFJPY at 123

End of Week overview with monster profits

And what a monster play it was. Our EURUSD play was once again spot on with monster movement. (See attached graph)

With this trade we are ending our picks for the week and we will see you back again for more trades like this.

Monster play update and new Tuesday Play

AUDNZD has been very kind to us and our indicators, we called the bottom yet again and had a monster movement from 1.0973 up to 1.1102. We're ending this pick for now as it nears overbought territory and we are starting a new one.

LONG EURUSD at 1.117

and possible hedge pick with

LONG USDJPY at 119.9

Take a look at the graph of our previous AUDNZD pick and at the bottom a graph of our EURUSD set up.

AUDNZD Sunday alert

We've had some bullish movement on AUDNZD and we are going long here early. Many spikes upwards at this low support level could be signs of a breakout.

LONG AUDNZD at 1.09

End of Week Overview

Great week here at objectiveforex. We had 3 trades and called 3 bottoms in GBPUSD, EURUSD, and USDJPY due to volatility and friday movements being risky we will not have a friday play this week, we will see you next time.

USDJPY on a Wednesday

Markets have recovered and we nailed the bottom on our EURUSD call yesterday, we hoped for much more movement as it stagnated throughout the later parts of the day but you can never complain about correct direction.

Today USDJPY is looking strong after a big recovery buy and we will recommend that with a short stop.

LONG USDJPY at 120

Tuesday EURUSD Breakout

The markets are almost crashing once again, which means EURUSD has the potential to continue rising, the US stock index is down almost 3%, our GBPUSD play was a perfectly called bottom and if you followed our tight stop recommendation you would have made very easy money before it dropped.

LONG EURUSD at 1.12

Monday GBP Buy

We're getting some alerts on GBPUSD at these levels for a bounce play, last time it hit 1.53300 it bounced up and it's very oversold at this point from the huge 1.57 drop. We recommend a tight stop on this one and hedging with a LONG usd buy.

Weekend Overview

Intense week of trading filled with quite a bit of profit, near 100% of our monday picks were great successes, our CHFJPY pick later failed first then gained right after alert and we finished strong with our USDJPY play going up up and away for the best gains of the entire week.

We'll see you monday.

More Market Recovery Thursday USDJPY

A solid trend has been established in USDJPY, and we are taking advantage, this should be an easy profit. Much easier than CHFJPY yesterday, the retry was a good decision as it rose sharply after our second alert however it dropped after failing a breakout so hopefully your trailing stop saved you some gains.

And we have redesigned our logo yet again

Wednesday Retry

CHFJPY collapsed through support on us as US stocks recovered in a huge bounce, we're sticking with this pick at even more ripe levels now, keep an eye out on the 125 support level. Let's give this one another go.

LONG CHFJPY at 125

Tuesday CHFJPY Bounce

Many opportunities for strong profits in the markets now with more volume, great recovery from the drop yesterday all around, we hope many of you were able to take advantage of the quick moves as we were with our four main scalp picks for yesterday. 

Today we are still aiming everywhere however CHFJPY is at ripe levels for a bounce if support stays.

LONG CHFJPY at 126

Crazy Market Update

Insane action today, with US stocks down again almost 5% at open there's huge liquidity and concerns in forex. We recommend staying out for today but we will share some of our experimental scalping picks for our advanced users.

LONG USDJPY

LONG GBPJPY
SHORT EURUSD

SHORT GBPUSD

Also, new square icon for us, simplistic and objective.
EDIT removed for new improved icon

Last Week Overview

Intense days in the market last week, with US stocks and dollar plummeting deep for two days, it will be interesting to see how they act on market open, our USDJPY play was caught in this and suffered however the GBPUSD short ended up leaving some profit on the table, depending on gaps on the open we will most likely continue that play.

Thursday GBPUSD Short

Welcome back, we have a new play today. Our long USDJPY play ended up collapsing, it traded sideways for a few days barely breaking positive until it ultimately collapsed from impatient traders, data and tensions.

We're moving on with a rare short on the GBPUSD pair, showing great negative weakness. Take a look at the image for some of our analysis. 

SHORT GBPUSD at 1.57

Monday Update

Slow monday in the markets, which can sometimes be good! We're continuing our USDJPY play, which is slightly up as it looks even stronger now.

Honorable mentions earlier last week for one of our high risk penny stock picks SXHHF, which gained over 300% up to 0.002, be careful as after the move it hasn't budged a bit with extremely low volume.

We also launched our Poker page here with a bonus offer for signups, us here at Objectiveforex.com enjoy almost all markets where making profit is possible, and this is very true in poker with a much stronger psychological aspect. 

Start of week USDJPY play

We're back and starting off with a good alert on USDJPY, although our CHFJPY stayed pretty much the same we still see much more weakness to come from the JPY side of things, CHFJPY may be a play to revisit again soon.

Check out all the strong signs on the USDJPY chart.

LONG USDJPY at 124

Thursday CHFJPY play

New play today and we're back on another pair against JPY, we had a great recovery after the fake out on our tuesday play, we stuck with it and it should have netted you easy gains from the initial drop.

The CHFJPY looks incredibly strong again, even more so against the weak JPY. Our indicators are showing very bullish action.

LONG CHFJPY at 127

Wednesday Continuation

Unfortunate drop right after our picks, but the recovery was swift. Due to the huge demand we are continuing our picks from yesterday, and they should be free to move much higher now that the short pressure has been relieved.

CONTINUE LONG AUDJPY at 91

CONTINUE LONG NZDJPY at 81.5

Tuesday Double Play

Looking at a double play here on this tuesday. Incredible strength on the USDJPY and weakness on the JPY side. However USDJPY is at a level where we would rather wait and see. We'll concentrate on JPY cross pairs and our indicators are showing great buys on AUDJPY and NZDJPY.

LONG AUDJPY at 91

LONG NZDJPY at 81.5

End of Week Overview

Great week here, with easy steady gains and success calling the bottom and support levels of NZDJPY, since Wednesday there's been nothing but gains.

Check the graph here showing our alert and the following movement, hopefully all of you were able to profit off of this near perfect trade. We're ending this trade now and look forward to more plays like this one on Monday.

Wednesday NZDJPY play and SLTD update

We're looking at a strong support play here on NZDJPY, we're detecting huge amounts of buy orders at these critical levels. This should be a short and sweet play.

LONG NZDJPY at 81

Our last CHFJPY play rose up sharply right after our alert for big gains but overnight it dropped down even lower, with a wide stop it would have been hard to make money on that one but I'm sure some of you did. 

Meanwhile our SLTD stock pick is making huge gains again, back up over 4.00 today for a easy 10% gain, remember earnings are coming soon and this should easily explode as it continues to rise throughout the year.

Monday CHFJPY Play!

We're looking at a potential break out play on the CHFJPY, wide stops recommended. Our indicators are really going off and after that quick break and fade there could be an even bigger move. Charts like this tend to form before breakouts. 

LONG CHFJPY at 127.5

Take a look at the chart

End of Week Overview

We knew we had to stick with AUDNZD, and what a nice trade that turned into. You should have easily grabbed insane profits on this one as long as you stuck with our pick and didn't get stopped out from that first quick drop. 

Take a look at the graph showing when we alerted and the movement thereafter.

This has potential to continue climbing and if you do stay with it be sure to use a tight stop and exit before market close tomorrow although we our ending the pick officially now.

Unfortunately we are ending the picks early partly due to this giant win and there will be no friday pick. As always stay tuned as we should have some more great plays next week on Monday or maybe even Sunday.

Wednesday Continuation

We had a slight drop after the alert, but it revealed even more solid support, if it holds we expect a lot of upside here. We're continuing the AUDNZD pick.

Tuesday AUDNZD

We finally have another play, AUDNZD has been kind to us with a giant run a few weeks back and it's at another lower support level with alot of buying support, our indicators are showing a safe buy here at the 1.09 level although it is in a down trend AUD is strong right with easy potential for a breakout. We recommend this one with a tight stop, or even a wide but strong stop at low leverage for a longer than normal play. 

LONG AUDNZD at 1.09

End of Week Overview and SLTD Booming

Not an extremely profitable forex week this time, although we still had some good plays they were very short term ending below our alerts most of the time. 

However to make up for this our stock pick SLTD has been crushing it and is having another great day to finish the week up over 10% after the 20% day.

SLTD Explosion

SLTD explodes upwards for over 25% gain today, and it's not even close to done yet. This just goes to show why we have been so confident in this pick. A positive revenue guidance PR released shows near doubling of revenue from the past quarter solidifying this as our best growth play yet. We're excited to see where SLTD will be in months to a year from now.

Click here to read the PR release on Yahoo

Meanwhile great recovery on CHFJPY and AUDCHFi, these plays will continue through today.

Tuesday CHFJPY play

We have a new play for today, the CHFJPY looks to have finally reversed. We hope our advice was followed on the stops for Mondays USDJPY and AUDCHFi plays. A tight stop on USDJPY would have netted you profits before the giant collapse. And a loose stop on AUDCHFi would have you in the profits right now.

We are discontinuing the USDJPY play for now (Although it could be a good buy at these levels) And continuing AUDCHFi, in addition to adding a CHFJPY play today.

LONG CHFJPY at 129

Check out the near perfect reversal here on the CHFJPY chart

Monday Dual Pick (USDJPY and AUDCHFi)

We have two strong alerts for today, USDJPY and AUDCHFi, we've really missed out on the USDJPY run in the last few weeks but it still has much more room left, it could potentially spike up past 126. We're getting in on this solid trend. Speaking of solid trends AUDCHFi has established one as well, just a bit more volatile. We recommend tight stops on the USDJPY and looser ones on the AUDCHFi, good luck today.

LONG USDJPY at 124

LONG AUDCHFi at 0.71

Take a look at the 15 minute graphs, notice the institution level drop and buy chunk at the beginning of the USDJPY graph.

(click to enlarge)

End of Week Overview

Another good week for us here, although our CHFJPY trade failed after dropping through lower levels of support, it could be worth revisiting on Monday. AUDNZD was a fun giant win although we stopped the trade far too early.

We'll see you all next week for more trades.

Thursday CHFJPY play

Welcome back, I hope some of you followed my advice on leaving AUDNZD open a bit longer, as you can see it's traveled up beautifully to 1.13545 when we alerted around 1.10000, that's a LOT of pips and depending on your lot size, a big paycheck. 

Our EURJPY play faded a little after a quick jump up to 136.330. We expected more but any gain is better than none.

For today we have a CHFJPY play as we near a critical support that has provided multiple bounces in the past. Of course support levels are never immovable objects, they are a good indicator of buying levels and pre-set orders.

LONG CHFJPY at 129

Monday Overview and Plays

It's been a while but we had to savor our AUDNZD pick, which after careful patience finally popped for easy no risk profit. We are closing up some positions and leaving some in for more gains on this one. Feel free to leave/open some positions with tight stops for further growth here.

Take a look at the graph here and compare to our last post alerting it. 

We are however opening up another pick, this one slightly experimental as we received intense alerts from our trend algorithms.

LONG EURJPY at 135

Honerable mentions again to SLTD our stock pick, which bursted 16% today recovering from the beat down last week since our alert on it. We are still extremely confident and it's easy to see how it has been manipulated down so institutions that specialize in the russell 2000 index can load up with giant share groups for a bargain. This is still a powerful buy and hold for us, take a look at the respectable two day graph here.

End of Week overview

Wow what an exciting week, overall we fell relatively flat, just breaking even on our picks (other than GBPJPY which resulted in minor profits) Our only worthwhile pick that may be worth revisiting on monday would be AUDNZD, which has just barely established a very strong channel trend upwards at the end of the session, we expect this to continue on monday but as always we recommend not holding trades over the weekend unless you know exactly what you are doing.

Here's an image of AUDNZD showing the strength.

 (Notice the minor sell-off right at the end of the session from traders exiting from holding over the weekend)

We'll see you back next week.

Thursday AUDNZD play

We have a new play today, AUDNZD is looking fresh for a bounce, and in addition we will be continuing the plays from Tuesday, they swung up and down and profits were possible but difficult, a more clearset move should be coming.

LONG AUDNZD at 1.10

Meanwhile great recovery on SLTD, hopefully this snap back after the mean markets signals the bottom. Check out our stock picks here.

Tuesday Double (AUDCAD and USDCAD)

We have a double today with AUDCAD and USDCAD

We're looking at a potential breakout on USDCAD, reaching levels from the beginning of the year in addition to a solid trend play. Be careful with your stop limits here.

AUDCAD looks a bit safer here with tons of room to grow.

LONG AUDCAD at 0.946

LONG USDCAD at 1.27

The GBPJPY play from yesterday pressed upwards for a bit shortly after our alert before ultimately collapsing, profits were possible however hard to capture. these picks for today should be slightly safer. Enjoy.

Monday GBPJPY fresh play

Welcome back, hope everyone had a long relaxing weekend with the holiday, we're immediately jumping into things with slightly more stable markets, EURUSD continues to evade our radars on a good setup but we have found one on.. GBPJPY! GBP continues to be strong and after some cooling down and pullbacks GBPJPY is ready to roll again.

LONG GBPJPY at 191

Remember that GBPJPY swings much more then other pairs and please adjust your leverage and position size to account for this. Take a look at the solid trend and channel here, keep in mind due to the slight drops even breaking this trend does not signify a big drop and this should be a solid play.

(click to enlarge)

SLTD update:

Unfortunately the bearish markets have pulled this pick down much more then we would have thought. Fear not as reaching 3.00 and slightly below is strong support, this would be a place to average down, or open up an even larger position as if you take a look at the technical indicators SLTD's RSI has only dropped this low 2 years ago. After that is was all up with huge percentage swings. At these levels there is very little that can bring the price down further than this due to the attractive share structure. We also want to share our research team has found there is news coming soon, that's all we can release at this time.

Good luck trading today, as always come back and see us.

Early end of the week overview

The USDJPY play from Tuesday shaped up to be our most precise play of all time yet. Take a look at the picture as it says a thousand words, keep in mind all of our plays won't always be this accurate. 

(click to enlarge)

The markets have looked pretty bearish and volatile, especially the stock market these last few days and we are ending our trading week slightly early on a good note to allow for some stabilization. 

Stay tuned as you never know when updates may come over the weekend.

If you're curious about trading on the forex market but worried about risk and losing money (even with our amazing plays!) I recommend starting a demo account with our broker partner. You get a free download of MT4 the trading platform and can try your hand with no risk at all and a free demo account. 

Click here to start one risk free.