EURUSD seemed to have settled into its downward trend and is looking to break below 1.3600 level. Break of 1.3600 will take EURUSD towards 1.3100 level.
Traders will look to sell EURUSD around 1.3710 level for initial target at 1.3510 level which can be extended to 1.3350 level.
The position can be averaged out if EURUSD rise to 1.3830 level.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.3710
Trade 2: Sell EURUSD @ 1.3830
Stop: 1.3870
Profit Target 1: 1.3510
Profit Target 2: 1.3350
Tuesday, January 6, 2009
Sunday, January 4, 2009
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
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
Thursday, January 1, 2009
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
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
Tuesday, December 30, 2008
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
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
Sunday, December 21, 2008
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
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
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