USDJPY (88.40)

USDJPY is nicely heading towards 88.00 level and currently a good selling level can be see just around 88.70 level for a nice intra-day trade. Once USDJPY manages to break below 88.00 level, we will be looking it targeting 87.40 level next.

Recommended Trade:

Sell USDJPY @ 88.70

Stop @ 89.20

Profit 1 @ 88.00

Profit 2 @ 87.40

USDCHF (1.0733)

USDCHF tested 1.0700 level but was not able to break it and we might see it test it once again. Aggressive traders will look to sell on rise to 1.0790 level and might also use a trailing stop to test 1.0700 level. If USDCHF breaks above 1.0800 level, then traders will look to reverse the position and and look to target 1.0900 level.

Recommended Trade:

Sell USDCHF @ 1.0790

Stop @ 1.0835

Profit 1 @ 1.0710

Profit 2 @ 1.0675

EURUSD (1.3573)

EURUSD almost touched its target at 1.3530 but was unable to break that level. We expect EURUSD to make another attempt towards 1.3530 and break that level which will also set its next target at 1.3400 level. Currently traders will focus on selling EURUSD on rise to retracement levels and sell EURUSD for a nice intra-day trade.

Recommended Trade:

Trade 1: Sell EURUSD @ 1.3585

Trade 2: Sell EURUSD @ 1.3640

Stop @ 1.3690

Profit 1 @ 1.3530

Profit 2 @ 1.3420

NZDUSD (0.7034)

NZDUSD touched its target at 0.7050 and we might see a dip from NZDUSD from that level as there is a good resistance present around 0.7050 in weekly charts. Aggressive traders will look to sell NZDUSD around that level with a short stop and will target a nice intra-day trade along the retracement.

Recommended Trade:

Sell NZDUSD @ 0.7045

Stop @ 0.7080

Profit 1 @ 0.6985

Profit 2 @ 0.6930

USDJPY (89.24)

USDJPY is moving in a very nice downward trend and this trend seems to go in the manner in the coming week. Currently a good selling level is present at 89.50 level and initial targets are seen around 88.60 level, break of which will set 87.50 as the next target for USDJPY.

Recommended Trade:

Sell USDJPY @ 89.50

Stop @ 90.20

Profit 1 @ 88.60

Profit 2 @ 87.50

GBPUSD (1.6134)

GBPUSD seems to be approaching the end of triangle it was trapped for some time now and we might see GBPUSD taking an extended move towards one direction.  What intra-day trader would like to do is to sell GBPUSD with small stops and hope that it take a good dip this time. Judging by the overall market trend the possibilities of GBPUSD taking dip is more likely than its taking an extended upward move.

Recommended Trade:

Sell GBPUSD @ 1.6230

Stop @ 1.6280

Profit 1 @ 1.6130

Profit 2 @ 1.6000

USDCHF (1.0258)

USDCHF is setting itself for a nice trade and buying at a dip to 1.0230 level with small stop seems a good opportunity for the traders. The initial target will be at 1.0300 level and break of that will set 1.0370 as next target.

Recommended Trade:

Trade: Buy USDCHF @ 1.0230

Stop @ 1.0185

Profit 1 @ 1.0300

Profit 2 @ 1.0370

USDJPY (91.38)

USDJPY seems to be heading towards 90.20 level and mostly traders will be interested in selling USDJPY on rise to retracement and  first such opportunity can be currently seen around 91.60 level for a nice intra-day trade. Extension of retracement can be seen to 92.30 level.

Recommended Trade:

Trade 1: Sell USDJPY @ 91.60

Trade 2: Sell USDJPY @ 92.30

Stop @ 92.80

Profit @ 90.30

USDCHF (1.0333)

USDCHF seems to be gradually going towards its target at 1.0200 level and from there it might resume its upward trend. Currently the trading volume is very low and we might not see USDCHF moving too sharply and intra-day traders will look for entries with small stops and small profit targets.

Selling just above 1.0350 level seems a good opportunity for a small trade at the moment and long term traders will look to hold back till USDCHF settles itself in one direction.

Recommended Trade:

Sell USDCHF @ 1.0358

Stop @ 1.0400

Profit @ 1.0300

EURUSD (1.4257)

EURUSD is looking to gradually move towards its target at 1.4185 level and we might see it doing so in a day or so. Although the trading volume is expected to become more and more thin as the days progress but the other factor which is holding EURUSD back is a low value of RSI and we expect to see EURUSD being traded in short range for the nest few days.


Recommended Trade:

Sell EURUSD @ 1.4295
Stop @ 1.4335
Profit @ 1.4190

GBPUSD (1.6141)

GBPUSD is moving in a nice downward trend and looking good to head below 1.6000 level during next week. Mostly we will find traders looking to sell GBPUSD on rise to retracement levels and currently a good level can be seen around 1.6200 and this might be the initial selling point for traders during this coming week. RSI is on the lower side in daily charts but seems to have enough space to allow GBPUSD to make a move towards 1.6000 level.


Recommended Trade:

Sell GBPUSD @ 1.6200
Stop @ 1.6260
Profit @ 1.6050

USDJPY (88.61)

USDJPY is currently looking to head towards its target at 88.15 and before doing so it might take a rise just above 89.00 level and around this level we might see trading selling USDJPY for a nice intra-day trade.

Recommended Trade:

Sell USDJPY @ 89.10
Stop @ 89.60
Profit @ 88.20

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

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

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

EURUSD (1.4761)

EURUSD has broken below an important level at 1.4800 and currently it
is heading 1.4670 and then to 1.4600 level.
Currently traders will look to sell around 1.4700 level for a nice
intra-day target.

Recommended Trade:

Entry 1: Sell EURUSD @ 1.4800
Entry 2: Sell EURUSD @ 1.4925
Stop: 1.4975
Profit 1: 1.4700
Profit 2: 1.4600

USDCHF (1.0185)

USDCHF broke above 1.0200 level on Friday. The move was caused due to
heavy profit taking by the traders closing their weekly trades.

The trend remains downwards and selling for anything above 1.0200
level will be a good opportunity for initial target around 1.0130
level.

Recommended Trade:

Entry 1: Sell USDCHF @ 1.0210
Entry 2: Sell USDCHF @ 1.0275
Stop: 1.0305
Profit 1: 1.0130
Profit 2: 1.0000

EURUSD (1.4708)

EURUSD seems to have completed its due retracement and will look to
resume its upward trend.
Traders will look to buy EURUSD around 1.4690 level and in case it
takes a further dip, buying again at 1.4640 to average out both seems
a good option.

Recommended Trade:

Entry 1: Buy EURUSD @ 1.4690
Entry 2: Buy EURUSD @ 1.4640
Stop: 1.4600
Profit 1: 1.4760
Profit 2: 1.4830

EURUSD (1.4712)

EURUSD seems to be settling into a nice upward trend and current
target seems around 1.4830 level. Traders will look to buy EURUSD on
dip below 1.4700 level.

Recommended Trade:

Entry 1: Buy EURUSD @ 1.4665
Entry 2: Buy EURUSD @ 1.4575
Stop: 1.4525
Profit 1: 1.4765
Profit 2: 1.4830

EURUSD (1.4570)

EURUSD is moving in a nice downward trend and it seems that it has
touched its target around 1.4550 level. EURUSD will try to break below
1.4500 level but a few rebounds are expected as 1.4500 seems a good
support at the moment. Traders might look for small Intra-day trades.

Recommended Trade:

Entry 1: Sell EURUSD @ 1.4615
Entry 2: Sell EURUSD @ 1.4685
Stop: 1.4735
Profit 1: 1.4550
Profit 2: 1.4500