EURUSD (1.3954)

EURUSD is being traded in short range mainly due to low volume and this short range might stay for next few days as well.

Currently traders will look to sell EURUSD around 1.4122 level for initial target at 1.3822 level which can be extended to 1.3722 level.


Recommended Trade Levels
Trade: Sell EURUSD @ 1.4122
Stop: 1.4222
Profit Target 1: 1.3822
Profit Target 2: 1.3722

GBPUSD (1.4916)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4700 region once again.

Traders will look to sell GBPUSD around 1.4990 level for initial target at 1.4810 level which can be extended to 1.4710 level.

The position can be averaged out if GBPUSD rise to 1.5178 level.


Recommended Trade Levels
Trade 1: Sell GBPUSD @ 1.4990
Trade 2: Sell GBPUSD @ 1.5178
Stop: 1.5250
Profit Target 1: 1.4810
Profit Target 2: 1.4710

EURUSD (1.4270)

EURUSD is currently taking retracement and seems to set itself up to resume its upward trend very shortly.

Traders will look to buy EURUSD around 1.4075 level for initial target at 1.4300 level.

The position can be averaged out if the dip extends to 1.3970 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.4075
Trade 2: Buy EURUSD @ 1.3970
Profit Target 1: 1.4300
Profit Target 2: 1.4475

EURUSD (1.3697)

EURUSD is currently looking to target 1.3870 level and from there it might take a little correction.

Traders will look to capture on opportunity by buying EURUSD on dips below 1.3600 level for initial target at 1.3700 level.

The position can be averaged out if the dip extends to 1.3475 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.3580
Trade 2: Buy EURUSD @ 1.3475
Profit Target 1: 1.3700
Profit Target 2: 1.3855

GBPUSD (1.5022)

GBPUSD has moved above 1.5000 level and seems to continue towards 1.5200 level. But it seems that it might take a dip before doing so.

Traders will look to capture on opportunity by buying GBPUSD on dips to 1.4900 level for initial target at 1.5050 level.

The position can be averaged out if the dip extends to 1.4800 level. The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.


Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4900
Trade 2: Buy GBPUSD @ 1.4800
Profit Target 1: 1.5050
Profit Target 2: 1.5230

EURUSD (1.2715)

EURUSD is looking to set itself for a move towards 1.2600 level at the moment and selling on rise to 1.2810 level seems a good trade.

In case EURUSD extends its rise above 1.2900 level, second entry at 1.2910 will average out both positions very nicely.

The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.


Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2810
Trade 2: Sell EURUSD @ 1.2910
Profit Target 1: 1.2650
Profit Target 2: 1.2550

USDCHF (1.2107)

USDCHF is moving nicely in its upward trend and at the moment is looking to target 1.2200 level.

Currently a good buy can be seen at dips to 1.2050 level for intial target at 1.2150 level which can be extend to 1.2225 level.

The RSI is at 59 in daily charts and thus seems to have more than enough space to move towards 1.2200 level.


Recommended Trade Levels
Trade 1: Buy USDCHF @ 1.2050
Trade 2: Buy USDCHF @ 1.1950
Profit Target 1: 1.2150
Profit Target 2: 1.2225

USDCAD (1.2548)

USDCAD is moving nicely and smothly in its upward trend and at the moment is looking to target 1.2750 level.

Currently a good buy can be seen at 1.2390 for intial target at 1.2600 level which most traders will look to extend to 1.2728 level.




Recommended Trade Levels
Trade 1: Buy USD @ 1.2390
Trade 2: Buy USD @ 1.2220
Profit Target 1: 1.2600
Profit Target 2: 1.2728

EURUSD (1.2620)

EURUSD has moved back nicely into its dowward trend and this trend seems to extend well below 1.2400 level. RSI in daily charts is also above 43 and have very much space for EURUSD to move below 1.2400 level.

Currently a good selling can be seen at 1.2685 for intial target at 1.2560 level which most traders will look to extend to 1.2400 level.

In case EURUSD rise to 1.2800 level, the second sell at 1.2800 to average both positions will be a very good opportunity.


Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2685
Trade 2: Sell EURUSD @ 1.2800
Profit Target 1: 1.2560
Profit Target 2: 1.2400

EURUSD (1.2700)

EURUSD has moved back nicely into its dowward trend and this trend seems to extend well towards 1.2400 level. RSI in daily charts is also above 44 and have very much space for EURUSD to move towards 1.2400 level.

Currently a good selling can be seen at 1.2800 for intial target at 1.2650 level.

In case EURUSD rise above 1.2900 level, the second sell at 1.2925 to average both positions will be a very good opportunity.


Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2800
Trade 2: Sell EURUSD @ 1.2925
Profit Target 1: 1.2650
Profit Target 2: 1.2560

GBPUSD (1.5405)

GBPUSD
(1.5405)

GBPUSD is currently looking to extend its move towards 1.5700 level, therefore traders will look to buy GBPUSD on dips.

Currently a good buying level can be seen at 1.5360 level and buying around that level for initial target around 1.5473 level seems a good entry. The profit level can be further extended towards 1.5700 level.

In case GBPUSD takes a deeper dip below 1.5200 level, the position can be averaged at 1.5160


Recommended Trade Levels

Trade 1: BUY GBPUSD @ 1.5360
Trade 2: BUY GBPUSD @ 1.5160
Profit Target 1: 1.5473
Profit Target 2: 1.5700