Tuesday, March 24, 2009

GBPUSD (1.4555)

GBPUSD took good rise towards 1.4700 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4480 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4350 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4480
Trade 2: Buy GBPUSD @ 1.4350
Profit Target 1: 1.4600
Profit Target 2: 1.4700

Friday, March 20, 2009

GBPUSD (1.4499)

GBPUSD took good rise towards 1.4600 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4360 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4130 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4360
Trade 2: Buy GBPUSD @ 1.4130
Profit Target 1: 1.4560
Profit Target 2: 1.4660

Thursday, March 19, 2009

GBPUSD (1.4297)

GBPUSD took good rise above 1.4300 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4230 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4040

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4230
Trade 2: Buy GBPUSD @ 1.4040
Profit Target 1: 1.4375
Profit Target 2: 1.4450

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