EURUSD is looking to set itself for a move towards 1.2600 level at the moment and selling on rise to 1.2810 level seems a good trade.
In case EURUSD extends its rise above 1.2900 level, second entry at 1.2910 will average out both positions very nicely.
The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2810
Trade 2: Sell EURUSD @ 1.2910
Profit Target 1: 1.2650
Profit Target 2: 1.2550
Sunday, December 7, 2008
Thursday, December 4, 2008
USDCHF (1.2107)
USDCHF is moving nicely in its upward trend and at the moment is looking to target 1.2200 level.
Currently a good buy can be seen at dips to 1.2050 level for intial target at 1.2150 level which can be extend to 1.2225 level.
The RSI is at 59 in daily charts and thus seems to have more than enough space to move towards 1.2200 level.
Recommended Trade Levels
Trade 1: Buy USDCHF @ 1.2050
Trade 2: Buy USDCHF @ 1.1950
Profit Target 1: 1.2150
Profit Target 2: 1.2225
Currently a good buy can be seen at dips to 1.2050 level for intial target at 1.2150 level which can be extend to 1.2225 level.
The RSI is at 59 in daily charts and thus seems to have more than enough space to move towards 1.2200 level.
Recommended Trade Levels
Trade 1: Buy USDCHF @ 1.2050
Trade 2: Buy USDCHF @ 1.1950
Profit Target 1: 1.2150
Profit Target 2: 1.2225
Wednesday, December 3, 2008
USDCAD (1.2548)
USDCAD is moving nicely and smothly in its upward trend and at the moment is looking to target 1.2750 level.
Currently a good buy can be seen at 1.2390 for intial target at 1.2600 level which most traders will look to extend to 1.2728 level.
Recommended Trade Levels
Trade 1: Buy USD @ 1.2390
Trade 2: Buy USD @ 1.2220
Profit Target 1: 1.2600
Profit Target 2: 1.2728
Currently a good buy can be seen at 1.2390 for intial target at 1.2600 level which most traders will look to extend to 1.2728 level.
Recommended Trade Levels
Trade 1: Buy USD @ 1.2390
Trade 2: Buy USD @ 1.2220
Profit Target 1: 1.2600
Profit Target 2: 1.2728
Tuesday, December 2, 2008
EURUSD (1.2620)
EURUSD has moved back nicely into its dowward trend and this trend seems to extend well below 1.2400 level. RSI in daily charts is also above 43 and have very much space for EURUSD to move below 1.2400 level.
Currently a good selling can be seen at 1.2685 for intial target at 1.2560 level which most traders will look to extend to 1.2400 level.
In case EURUSD rise to 1.2800 level, the second sell at 1.2800 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2685
Trade 2: Sell EURUSD @ 1.2800
Profit Target 1: 1.2560
Profit Target 2: 1.2400
Currently a good selling can be seen at 1.2685 for intial target at 1.2560 level which most traders will look to extend to 1.2400 level.
In case EURUSD rise to 1.2800 level, the second sell at 1.2800 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2685
Trade 2: Sell EURUSD @ 1.2800
Profit Target 1: 1.2560
Profit Target 2: 1.2400
Monday, December 1, 2008
EURUSD (1.2700)
EURUSD has moved back nicely into its dowward trend and this trend seems to extend well towards 1.2400 level. RSI in daily charts is also above 44 and have very much space for EURUSD to move towards 1.2400 level.
Currently a good selling can be seen at 1.2800 for intial target at 1.2650 level.
In case EURUSD rise above 1.2900 level, the second sell at 1.2925 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2800
Trade 2: Sell EURUSD @ 1.2925
Profit Target 1: 1.2650
Profit Target 2: 1.2560
Currently a good selling can be seen at 1.2800 for intial target at 1.2650 level.
In case EURUSD rise above 1.2900 level, the second sell at 1.2925 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2800
Trade 2: Sell EURUSD @ 1.2925
Profit Target 1: 1.2650
Profit Target 2: 1.2560
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