Friday, May 29, 2009

USDJPY (96.90)

USDJPY is looking to target 97.50 level at the moment and traders will be
currently looking to buy USDJPY around 96.50 level. RSI is just above 52
and will support break-out in both direction.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 96.40
Trade 2: Buy USDJPY @ 95.45
Stop: 95.00
Profit Target 1: 97.50
Profit Target 2: 98.40

Monday, May 25, 2009

EURUSD (1.3996)

EURUSD is around an important level (1.4000). So far EURUSD has not been
able to break that level and thus we should expect it to take a dip below
1.3900 level. If the dip extends further below 1.3800 level, more
averaging opportunities will arise around 1.3750 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3880
Trade 2: Buy EURUSD @ 1.3760
Stop: 1.3700
Profit Target 1: 1.4030
Profit Target 2: 1.4130

Thursday, May 21, 2009

EURUSD (1.3769)

EURUSD took a good rise above 1.3800 level and its next target is now at
1.4000 level. But before doing so, we might see a dip by EURUSD and mostly
traders will look to buy on those dips to 1.3600 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3600
Trade 2: Buy EURUSD @ 1.3500
Stop: 1.3450
Profit Target 1: 1.3800
Profit Target 2: 1.3900

Wednesday, May 20, 2009

EURUSD (1.3653)

EURUSD is looking to target 1.3700 level at the moment and then it might
take a little dip towards 1.3550 level. Traders will look to buy EURUSD on
dips for initial move towards 1.3700 level, break of which might extend
EURUSD as high as 1.4000 level in coming few days.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3565
Trade 2: Buy EURUSD @ 1.3465
Stop: 1.3400
Profit Target 1: 1.3700
Profit Target 2: 1.3765

Monday, May 18, 2009

EURUSD
(1.3495)

EURUSD is looking to extend its retracement towards 1.3350 level and from
there it willl look to break above 1.3600 level

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3340
Trade 2: Buy EURUSD @ 1.3240
Stop: 1.3180
Profit Target 1: 1.3480
Profit Target 2: 1.3600

Friday, May 15, 2009

USDJPY (95.49)

USDJPY took a good dip during this week and for the time being, it will be
looking to take reasonable retracement. Traders will look to sell USDJPY
around 96.25 and if the retracement is extended above 97.00 level, then
another sell around 97.30 is possible to average out both trades.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 96.25
Trade 2: Sell USDJPY @ 97.30
Stop: 98.40
Profit Target 1: 95.25
Profit Target 2: 94.25

Wednesday, May 13, 2009

GBPUSD (1.5267)

GBPUSD is moving in a nice upward trend and completing nice retracement
each day and providing good intra-day trades. Currently a good buying
opportunity is seen around 1.5150 level for target above 1.5300 level.

Recommended Trade Levels

Trade: Buy GBPUSD @ 1.5150
Stop: 1.5050
Profit Target 1: 1.5250
Profit Target 2: 1.5350

Monday, May 11, 2009

EURUSD (1.3632)

EURUSD has broken into a nice upward trend and is looking to break 1.3750
level during this week but before doing so we might see retracement
towards 1.3500 level and that will be the level traders will be looking to
buy EURUSD.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3500
Trade 2: Buy EURUSD @ 1.3360
Stop: 1.3300
Profit Target 1: 1.3700
Profit Target 2: 1.3750

Friday, May 8, 2009

GBPUSD (1.5010)

GBPUSD was moving in a nice upward trend and currently it is taking some retrace and this retrace might extend below 1.4850 level. From there it is expected to resume ita upward trend and make a move towards 1.5200 level.

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4980
Trade 2: Buy GBPUSD @ 1.4820
Stop: 1.4770
Profit Target 1: 1.5040
Profit Target 2: 1.5140

Monday, May 4, 2009

USDCHF (1.1363)

USDCHF is moving nicely in a smooth downward trend and we might see USDCHF
gathering a bit more momentum during this week. Currently a good selling
level around 1.1390 can be seen and in case USDCHF breaks above 1.1450
level, another sell at 1.1480 is suggested to average out both positions.
Initial target is seen at 1.1290 level

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.1390
Trade 2: Sell USDCHF @ 1.1480
Stop: 1.1570
Profit Target 1: 1.1290
Profit Target 2: 1.1235

Friday, May 1, 2009

USDJPY (98.60)

It seems that USDJPY has touched its target at 99.00 level and we might
see a dip by USDJPY towards 97.50 level and then a rise from that level
again. Traders will look to buy USDJPY around 97.50 level and a very good
support is present at 97.60 level. If USDJPY manages to break 99.00 level,
then we might see USDJPY touching 99.70

Recommended Trade Levels

Trade: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 98.30
Profit Target 2: 98.80