Tuesday, June 30, 2009

EURUSD (1.4083)

EURUSD seems currently trapped between 1.4100 and 1.3900 levels. It seems
that EURUSD might take a dip towards 1.4000 level and intra-day traders
will target that level for a decent trade.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.4015
Trade 2: Buy EURUSD @ 1.3920
Stop: 1.3870
Profit Target 1: 1.4115
Profit Target 2: 1.4200

Friday, June 26, 2009

EURUSD (1.3992)

EURUSD seems currently trapped between 1.4100 and 1.3900 levels. Sooner or
later it seems to break above 1.4100 level, therefore traders will look to
buy EURUSD around 1.3900 level for a nice intra-day trade.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3910
Trade 2: Buy EURUSD @ 1.3825
Stop: 1.3780
Profit Target 1: 1.4010
Profit Target 2: 1.4100

Monday, June 22, 2009

NZDUSD (0.6438)

NZDUSD is steadily moving in an upward trend and it seems to stay that way during this week as well. Currently traders might wait to let NZDUSD some retrace and then buy it initially around 0.6365 level and if retracement is extended, the positions can be averaged by a second entry around 0.6245 level. The initial target will be above 0.6450 level.

Recommended Trade Levels

Trade 1: Buy NZDUSD @ 0.6365
Trade 2: Buy NZDUSD @ 0.6245
Stop: 0.6200
Profit Target 1: 0.6465
Profit Target 2: 0.6565

Monday, June 15, 2009

USDJPY (98.41)

USDJPY is gradually moving towards 99.00 level. Currently traders with
small stop and small profit target will have lots of opportunities.
Currently a good trade can be seen around 97.70 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 97.70
Stop: 97.30
Profit Target 1: 98.50
Profit Target 2: 98.85

Thursday, June 11, 2009

EURUSD (1.3988)

EURUSD took a nice retracement dip and resumed it upward trend as expected
in weekly analysis. Now EURUSD seems all set to target 1.4250 level at the
moment but traders will be hoping to get EURUSD around 1.3930 level to buy
it for targets above 1.41oo level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3930
Trade 2: Buy EURUSD @ 1.3800
Stop: 1.3750
Profit Target 1: 1.4130
Profit Target 2: 1.4230

Monday, June 8, 2009

USDJPY (98.84)

USDJPY is moving towards it target at 98.80 and break of that important
level will set up scenario for target at 101.30 level. Currently traders
will look to buy USDJPY around 98.25 level and if required, it can be
averaged out around 97.60 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.25
Trade 2: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 99.25
Profit Target 2: 99.75

Friday, June 5, 2009

USDJPY (96.81)

USDJPY is moving towards it target at 97.60 and break of that important
level will set up scenario for target at 100.00 level. Currently traders
will look to buy USDJPY around 96.10 level for a nice intra-day trade.

Recommended Trade Levels

Trade: Buy USDJPY @ 96.10
Stop: 95.75
Profit Target: 96.75

Monday, June 1, 2009

USDCHF (1.0673)

USDCHF is moving in a nice downward trend and USDCHF seems to gather
momentum during this week. Currently traders will look to sell USDCHF
around 1.0800 level for initial target at 1.0650 which can be further
extended to 1.0550 level.

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.0800
Trade 2: Sell USDCHF @ 1.0925
Stop: 1.0975
Profit Target 1: 1.0650
Profit Target 2: 1.0550