Monday, August 31, 2009

USDJPY (93.56)

USDJPY is moving in a very nice downward trend. It currently seems that
USDCAD will keep its downward momentum and traders will look to sell it
around 93.90 level. Initial target will be around 93.20 level, which
traders might extend to 92.80 level.

Recommended Trade Levels

Trade: Sell USDJPY @ 93.90
Stop: 94.30
Profit Target 1: 93.20
Profit Target 2: 92.

Friday, August 28, 2009

USDCHF (1.0588)

USDCHF is moving in a very nice downward trend. It currently seems
that USDCAD will keep its downward momentum and long term traders will
look to sell it on rise to 1.0670 level. Initial target will be around
1.0550 level, which traders might extend to 1.0500 level. In case
USDCHF rise above 1.0750 level, the trade can be averaged out.

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.0670
Trade 2: Sell USDCHF @ 1.0770
Stop: 1.0820
Profit Target 1: 1.0550
Profit Target 2: 1.0500

Monday, August 24, 2009

USDCAD (1.0817)

USDCAD is moving in a very nice downward trend. It currently seems
that USDCAD will keep its downward momentum and long term traders will
look to sell it on rise to 1.0900 level. Initial target will be around
1.0750 level, which traders might extend to 1.0675 level.

Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.0900
Stop: 1.0975
Profit Target 1: 1.0750
Profit Target 2: 1.0675

Friday, August 21, 2009

USDJPY (94.14)

USDJPY is moving in a nice gradual downward trend and is currently
heading towards 93.00 level. Traders with short trading range seems to
have lots of trading opportunities at the moment. Currently selling
USDJPY around 94.35 seems a nice trade.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 94.35
Trade 2: Sell USDJPY @ 95.30
Stop: 96.00
Profit Target 1: 93.80
Profit Target 2: 93.00

Tuesday, August 18, 2009

AUDUSD (0.8220)

AUDUSD is moving nicely in a downward trend and is looking to target
0.8100 level. Currently traders will like to sell AUDUSD on rise to
0.8270 level which could also be averaged out if it further rise to
0.8310 level. The target can be seen below 0.8150 level.

Recommended Trade Levels

Trade 1: Sell AUDUSD @ 0.8270
Trade 2: Sell AUDUSD @ 0.8310
Stop: 0.8350
Profit Target 1: 0.8140
Profit Target 2: 0.8100