USDCAD (1.2270)

USDCAD is looking to target 1.2100 level at the moment and traders will look to sell USDCAD on rise above 1.2300 level. Break of 1.2100 level will take USDCAD towards 1.1900 level.


Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.2330
Trade 2: Sell USDCAD @ 1.2430
Stop: 1.2500
Profit Target 1: 1.2150
Profit Target 2: 1.2000

EURUSD (1.2985)

EURUSD is looking to set itself up for another move towards 1.2700 level but we might see EURUSD tak9ng some retrace and rising above 1.3000 level before that. Look to sell EURUSD on rising to 1.3065 level for initial target at 1.2900 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2900
Profit Target 2: 1.2765

USDJPY (88.82)

USDJPY is looking to set itself up for another move towards 87.00 level but we might see some retracement by USDJPY before that. Traders will look to sell USDJPY on rising to 89.80 level for initial target at 88.60 level.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.80
Stop: 90.30
Profit Target 1: 88.60
Profit Target 2: 87.50

EURUSD (1.2986)

EURUSD is looking to continue its momentum and break below 1.2800 level. Traders will look to sell EURUSD around 1.3060 level for initial target at 1.2860 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3060
Stop: 1.3110
Profit Target 1: 1.2860
Profit Target 2: 1.2760

GBPUSD (1.4745)

GBPUSD is looking to target 1.5000 level but there will be number of traders who might hold back and let GBPUSD get settled in its trend. Few traders might look to buy GBPUSD around 1.4660 level for initial target at 1.4820.


Recommended Trade Levels

Trade: Buy GBPUSD @ 1.4660
Stop: 1.4600
Profit Target 1: 1.4820
Profit Target 2: 1.4920