Monday, March 30, 2009

GBPUSD (1.4250)

GBPUSD is currently looking to target 1.4200 level and break of that will set 1.3800 as next target which can be further extended. Traders will look to sell GBPUSD around 1.4290 level and if GBPUSD move above 1.4400 level, another good sell can be seen around 1.4450 for initial targets around 1.4150 level.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4290
Trade 2: Sell GBPUSD @ 1.4450
Stop: 1.4500
Profit Target 1: 1.4150
Profit Target 2: 1.4030

Thursday, March 26, 2009

EURUSD (1.3582)

EURUSD seems to set itself up for a nice move below 1.3400 level and traders will look to sell it for anything above 1.3600 level. Even the long term traders will look to sell EURUSD and once it break below 1.3400 level, we will see them aimming for a quick move towards 1.4050 level.

Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3620
Trade 2: Sell EURUSD @ 1.3730
Stop: 1.3900
Profit Target 1: 1.3420
Profit Target 2: 1.3080

Tuesday, March 24, 2009

GBPUSD (1.4555)

GBPUSD took good rise towards 1.4700 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4480 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4350 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4480
Trade 2: Buy GBPUSD @ 1.4350
Profit Target 1: 1.4600
Profit Target 2: 1.4700

Friday, March 20, 2009

GBPUSD (1.4499)

GBPUSD took good rise towards 1.4600 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4360 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4130 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4360
Trade 2: Buy GBPUSD @ 1.4130
Profit Target 1: 1.4560
Profit Target 2: 1.4660

Thursday, March 19, 2009

GBPUSD (1.4297)

GBPUSD took good rise above 1.4300 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4230 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4040

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4230
Trade 2: Buy GBPUSD @ 1.4040
Profit Target 1: 1.4375
Profit Target 2: 1.4450

Tuesday, March 17, 2009

EURUSD (1.2929)

EURUSD is looking to target 1.3050 at the moment and traders will look to
buy EURUSD on dips below 1.2900 level. Initial target seems around 1.3000
level and from there we might see long term traders looking to sell
EURUSD.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2865
Profit Target 1: 1.2995
Profit Target 2: 1.3040

Monday, March 16, 2009

EURUSD (1.2929)

EURUSD is looking to target 1.3050 at the moment and traders will look to buy EURUSD on dips below 1.2900 level. Initial target seems around 1.3000 level and from there we might see long term traders looking to sell EURUSD.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2865
Profit Target 1: 1.2995
Profit Target 2: 1.3040

Friday, March 6, 2009

EURUSD (1.2544)

EURUSD is moving nicely in its downward trend and seems to continue in next week as well. But before that an upward retracement is expected and agressive traders will look to buy EURUSD around 1.2500 level to capture that move. Other traders might just sit back and wait it to complete its retracement.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2510
Stop: 1.2460
Profit Target 1: 1.2610
Profit Target 2: 1.2720

Thursday, March 5, 2009

USDJPY (99.31)

USDJPY is looking to target 100 level at the moment and its upward trend seems to stay for another day or so. Currently traders wikl look to buy USDJPY around 98.50 for a nice move towards 100 level. More conservative traders might target entry around 98.00 level

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.50
Trade 2: Buy USDJPY @ 98.00
Stop: 97.50
Profit Target 1: 99.50
Profit Target 2: 100.00

Monday, March 2, 2009

USDCHF (1.1699)

USDCHF seems to be gradually moving towards 1.1850 level but at the same time it is providing good entries for traders looking to target intra-day trades. Currently a good buy can be seen around 1.1640 level for another intra-day trade.

Recommended Trade Levels

Trade: Buy USDCHF @ 1.1640
Stop: 1.1595
Profit Target 1: 1.1740
Profit Target 2: 1.1850