Friday, November 6, 2009

GBPUSD (1.6577)

GBPUSD is looking to target 1.6700 level at the moment but a strong
resistance is present just above 1.6630 level.
Traders will look to buy GBPUSD around 1.6490 for targets above 1.6600 level.

Recommended Trade:

Entry 1: Buy GBPUSD @ 1.6490
Entry 2: Buy GBPUSD @ 1.6290
Stop: 1.6230
Profit 1: 1.6630
Profit 2: 1.6700

Wednesday, November 4, 2009

NZDUSD (0.7185)

NZDUSD is looking to break below 0.7100 level but a strong support has
caused NZDUSD to rise twice. We might see another test of 0.7100 level
soon and this time NZDUSD might take a break below that level. The
next target for NZDUSD will be then an important 0.7000 level.

Traders will look to sell NZDUSD for anything above 0.7200 level for
target around 0.7100 level.

Recommended Trade:

Entry 1: Sell NZDUSD @ 0.7200
Entry 2: Sell NZDUSD @ 0.7310
Stop: 0.7350
Profit 1: 0.7100
Profit 2: 0.7000

Sunday, November 1, 2009

EURUSD (1.4716)

EURUSD has broken below an important level at 1.4800 and currently it
is heading 1.4500 and then to 1.4320 level.
Currently traders will look to sell around 1.4750 level for initial
targets around 1.4600 level

Recommended Trade:

Entry 1: Sell EURUSD @ 1.4750
Entry 2: Sell EURUSD @ 1.4810
Stop: 1.4870
Profit 1: 1.4690
Profit 2: 1.4600