Friday, July 10, 2009

EURUSD (1.4025)

EURUSD seemed to have completed its retracement and is looking to get back
into its upward trend. Traders will look to buy EURUSD just below 1.4000
level and long term traders will like to take it into next week and we
might see a good sharp move ealier next week.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3980
Trade 2: Buy EURUSD @ 1.3880
Stop: 1.3800
Profit Target 1: 1.4100
Profit Target 2: 1.4200

Friday, July 3, 2009

NZDUSD (0.6283)

NZDUSD seems to settle into a nice downward move and currently is looking
to break below 0.6200 level and might even stretch the move towards 0.6100
level. Therefore mainly traders will look to sell NZDUSD for nice
retracement levels.

Recommended Trade Levels

Trade 1: Sell NZDUSD @ 0.6350
Trade 2: Sell NZDUSD @ 0.6450
Stop: 0.6490
Profit Target 1: 0.6250
Profit Target 2: 0.6160