GBPUSD (1.4500)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4400 region once again.

Traders will look to sell GBPUSD around 1.4655 level for initial target at 1.4455 level which can be extended to 1.4355 level.

The position can be averaged out if GBPUSD rise to 1.4765 level.


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4655
Trade 2: Sell GBPUSD @ 1.4765
Stop: 1.4810
Profit Target 1: 1.4455
Profit Target 2: 1.4355

NZDUSD (0.5836)

NZDUSD is being traded in short range at the moment and this is providing good opportunities for tarders with short profit targets.

Currently traders will look to buy NZDUSD around 0.5770 level for initial target at 0.5840 level which can be extended to 0.5870 level.




Recommended Trade Levels
Trade: Buy NZDUSD @ 0.5770
Stop: 0.5735
Profit Target 1: 0.5840
Profit Target 2: 0.5870

EURUSD (1.3954)

EURUSD is being traded in short range mainly due to low volume and this short range might stay for next few days as well.

Currently traders will look to sell EURUSD around 1.4122 level for initial target at 1.3822 level which can be extended to 1.3722 level.


Recommended Trade Levels
Trade: Sell EURUSD @ 1.4122
Stop: 1.4222
Profit Target 1: 1.3822
Profit Target 2: 1.3722

GBPUSD (1.4916)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4700 region once again.

Traders will look to sell GBPUSD around 1.4990 level for initial target at 1.4810 level which can be extended to 1.4710 level.

The position can be averaged out if GBPUSD rise to 1.5178 level.


Recommended Trade Levels
Trade 1: Sell GBPUSD @ 1.4990
Trade 2: Sell GBPUSD @ 1.5178
Stop: 1.5250
Profit Target 1: 1.4810
Profit Target 2: 1.4710

EURUSD (1.4270)

EURUSD is currently taking retracement and seems to set itself up to resume its upward trend very shortly.

Traders will look to buy EURUSD around 1.4075 level for initial target at 1.4300 level.

The position can be averaged out if the dip extends to 1.3970 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.4075
Trade 2: Buy EURUSD @ 1.3970
Profit Target 1: 1.4300
Profit Target 2: 1.4475