EURUSD is gradually moving in its upward trend and is giving intra-day traders some good trades with short range profit targets. Currently a good buy is seen around 1.3625 level for target around 1.3825 level. Larger profit target might not come into play during this trade as we might see EURUSDstaying below 1.3900 level.
Recommended Trade Levels
Trade: Buy EURUSD @ 1.3625
Stop: 1.3575
Profit Target 1: 1.3725
Profit Target 2: 1.3825
Friday, January 9, 2009
Wednesday, January 7, 2009
GBPUSD (1.4930)
GBPUSD has broken an important level at 1.4850 and now it seems that GBPUSD is looking to target 1.5250 level. Currently a good trade is seen arround 1.4815 and buying GBPUSD around that level for initial target around 1.5110 level seems a good opportunity. The profits can be extended by targetting 1.5250 and protecting profits by using trailing stop.
Recommended Trade Levels
Trade: Buy EURUSD @ 1.4810
Stop: 1.4760
Profit Target 1: 1.5510
Profit Target 2: 1.5250
Recommended Trade Levels
Trade: Buy EURUSD @ 1.4810
Stop: 1.4760
Profit Target 1: 1.5510
Profit Target 2: 1.5250
Tuesday, January 6, 2009
EURUSD (1.3634)
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
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
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
Subscribe to:
Posts (Atom)
Posts
