EURUSD is currently looking to target 1.3870 level and from there it might take a little correction.
Traders will look to capture on opportunity by buying EURUSD on dips below 1.3600 level for initial target at 1.3700 level.
The position can be averaged out if the dip extends to 1.3475 level.
Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.3580
Trade 2: Buy EURUSD @ 1.3475
Profit Target 1: 1.3700
Profit Target 2: 1.3855
Tuesday, December 16, 2008
Friday, December 12, 2008
GBPUSD (1.5022)
GBPUSD has moved above 1.5000 level and seems to continue towards 1.5200 level. But it seems that it might take a dip before doing so.
Traders will look to capture on opportunity by buying GBPUSD on dips to 1.4900 level for initial target at 1.5050 level.
The position can be averaged out if the dip extends to 1.4800 level. 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: Buy GBPUSD @ 1.4900
Trade 2: Buy GBPUSD @ 1.4800
Profit Target 1: 1.5050
Profit Target 2: 1.5230
Traders will look to capture on opportunity by buying GBPUSD on dips to 1.4900 level for initial target at 1.5050 level.
The position can be averaged out if the dip extends to 1.4800 level. 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: Buy GBPUSD @ 1.4900
Trade 2: Buy GBPUSD @ 1.4800
Profit Target 1: 1.5050
Profit Target 2: 1.5230
Sunday, December 7, 2008
EURUSD (1.2715)
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
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
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
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