Tuesday, March 17, 2009

EURUSD (1.2929)

EURUSD is looking to target 1.3050 at the moment and traders will look to
buy EURUSD on dips below 1.2900 level. Initial target seems around 1.3000
level and from there we might see long term traders looking to sell
EURUSD.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2865
Profit Target 1: 1.2995
Profit Target 2: 1.3040

Monday, March 16, 2009

EURUSD (1.2929)

EURUSD is looking to target 1.3050 at the moment and traders will look to buy EURUSD on dips below 1.2900 level. Initial target seems around 1.3000 level and from there we might see long term traders looking to sell EURUSD.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2865
Profit Target 1: 1.2995
Profit Target 2: 1.3040

Friday, March 6, 2009

EURUSD (1.2544)

EURUSD is moving nicely in its downward trend and seems to continue in next week as well. But before that an upward retracement is expected and agressive traders will look to buy EURUSD around 1.2500 level to capture that move. Other traders might just sit back and wait it to complete its retracement.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2510
Stop: 1.2460
Profit Target 1: 1.2610
Profit Target 2: 1.2720

Thursday, March 5, 2009

USDJPY (99.31)

USDJPY is looking to target 100 level at the moment and its upward trend seems to stay for another day or so. Currently traders wikl look to buy USDJPY around 98.50 for a nice move towards 100 level. More conservative traders might target entry around 98.00 level

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.50
Trade 2: Buy USDJPY @ 98.00
Stop: 97.50
Profit Target 1: 99.50
Profit Target 2: 100.00

Monday, March 2, 2009

USDCHF (1.1699)

USDCHF seems to be gradually moving towards 1.1850 level but at the same time it is providing good entries for traders looking to target intra-day trades. Currently a good buy can be seen around 1.1640 level for another intra-day trade.

Recommended Trade Levels

Trade: Buy USDCHF @ 1.1640
Stop: 1.1595
Profit Target 1: 1.1740
Profit Target 2: 1.1850