EURUSD (1.2957)

EURUSD seemed to have completed its correction and has nicely settled back into its downward trend. Primarily it is looking to target 1.2800 level and after break of which EURUSD will look to touch 1.2600 level. Traders will look to sell EURUSD around 1.3065 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2865
Profit Target 2: 1.2765

USDCAD (1.2270)

USDCAD is looking to target 1.2100 level at the moment and traders will look to sell USDCAD on rise above 1.2300 level. Break of 1.2100 level will take USDCAD towards 1.1900 level.


Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.2330
Trade 2: Sell USDCAD @ 1.2430
Stop: 1.2500
Profit Target 1: 1.2150
Profit Target 2: 1.2000

EURUSD (1.2985)

EURUSD is looking to set itself up for another move towards 1.2700 level but we might see EURUSD tak9ng some retrace and rising above 1.3000 level before that. Look to sell EURUSD on rising to 1.3065 level for initial target at 1.2900 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2900
Profit Target 2: 1.2765

USDJPY (88.82)

USDJPY is looking to set itself up for another move towards 87.00 level but we might see some retracement by USDJPY before that. Traders will look to sell USDJPY on rising to 89.80 level for initial target at 88.60 level.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.80
Stop: 90.30
Profit Target 1: 88.60
Profit Target 2: 87.50

EURUSD (1.2986)

EURUSD is looking to continue its momentum and break below 1.2800 level. Traders will look to sell EURUSD around 1.3060 level for initial target at 1.2860 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3060
Stop: 1.3110
Profit Target 1: 1.2860
Profit Target 2: 1.2760

GBPUSD (1.4745)

GBPUSD is looking to target 1.5000 level but there will be number of traders who might hold back and let GBPUSD get settled in its trend. Few traders might look to buy GBPUSD around 1.4660 level for initial target at 1.4820.


Recommended Trade Levels

Trade: Buy GBPUSD @ 1.4660
Stop: 1.4600
Profit Target 1: 1.4820
Profit Target 2: 1.4920

USDJPY (89.04)

USDJPY is moving nicely in its downward trend and seems to stay that way for for next couple of days.

Traders will look to sell USDJPY around 89.80 for initial target of 100 pips.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.80
Stop: 90.30
Profit Target 1: 88.80
Profit Target 2: 88.35

EURUSD (1.3429)

EURUSD is gradually settling in its downward trend and is looking to tatget 1.3150 level. Currently a good sell is seen around 1.3625 level for target around 1.3425 level which could then be extended to 1.3225.




Recommended Trade Levels

Trade: Sell EURUSD @ 1.3625
Stop: 1.3675
Profit Target 1: 1.3425
Profit Target 2: 1.3225

EURUSD (1.3725)

EURUSD is gradually moving in its upward trend and is giving intra-day traders some good trades with short range profit targets. Currently a good buy is seen around 1.3625 level for target around 1.3825 level. Larger profit target might not come into play during this trade as we might see EURUSDstaying below 1.3900 level.




Recommended Trade Levels

Trade: Buy EURUSD @ 1.3625
Stop: 1.3575
Profit Target 1: 1.3725
Profit Target 2: 1.3825

GBPUSD (1.4930)

GBPUSD has broken an important level at 1.4850 and now it seems that GBPUSD is looking to target 1.5250 level. Currently a good trade is seen arround 1.4815 and buying GBPUSD around that level for initial target around 1.5110 level seems a good opportunity. The profits can be extended by targetting 1.5250 and protecting profits by using trailing stop.




Recommended Trade Levels

Trade: Buy EURUSD @ 1.4810
Stop: 1.4760
Profit Target 1: 1.5510
Profit Target 2: 1.5250

EURUSD (1.3634)

EURUSD seemed to have settled into its downward trend and is looking to break below 1.3600 level. Break of 1.3600 will take EURUSD towards 1.3100 level.

Traders will look to sell EURUSD around 1.3710 level for initial target at 1.3510 level which can be extended to 1.3350 level.

The position can be averaged out if EURUSD rise to 1.3830 level.


Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3710
Trade 2: Sell EURUSD @ 1.3830
Stop: 1.3870
Profit Target 1: 1.3510
Profit Target 2: 1.3350

GBPUSD (1.4500)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4400 region once again.

Traders will look to sell GBPUSD around 1.4655 level for initial target at 1.4455 level which can be extended to 1.4355 level.

The position can be averaged out if GBPUSD rise to 1.4765 level.


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4655
Trade 2: Sell GBPUSD @ 1.4765
Stop: 1.4810
Profit Target 1: 1.4455
Profit Target 2: 1.4355

NZDUSD (0.5836)

NZDUSD is being traded in short range at the moment and this is providing good opportunities for tarders with short profit targets.

Currently traders will look to buy NZDUSD around 0.5770 level for initial target at 0.5840 level which can be extended to 0.5870 level.




Recommended Trade Levels
Trade: Buy NZDUSD @ 0.5770
Stop: 0.5735
Profit Target 1: 0.5840
Profit Target 2: 0.5870