GBPUSD was moving in a nice upward trend and currently it is taking some retrace and this retrace might extend below 1.4850 level. From there it is expected to resume ita upward trend and make a move towards 1.5200 level.
Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4980
Trade 2: Buy GBPUSD @ 1.4820
Stop: 1.4770
Profit Target 1: 1.5040
Profit Target 2: 1.5140
Friday, May 8, 2009
Monday, May 4, 2009
USDCHF (1.1363)
USDCHF is moving nicely in a smooth downward trend and we might see USDCHF
gathering a bit more momentum during this week. Currently a good selling
level around 1.1390 can be seen and in case USDCHF breaks above 1.1450
level, another sell at 1.1480 is suggested to average out both positions.
Initial target is seen at 1.1290 level
gathering a bit more momentum during this week. Currently a good selling
level around 1.1390 can be seen and in case USDCHF breaks above 1.1450
level, another sell at 1.1480 is suggested to average out both positions.
Initial target is seen at 1.1290 level
Recommended Trade Levels
Trade 1: Sell USDCHF @ 1.1390
Trade 2: Sell USDCHF @ 1.1480
Stop: 1.1570
Profit Target 1: 1.1290
Profit Target 2: 1.1235
Friday, May 1, 2009
USDJPY (98.60)
It seems that USDJPY has touched its target at 99.00 level and we might
see a dip by USDJPY towards 97.50 level and then a rise from that level
again. Traders will look to buy USDJPY around 97.50 level and a very good
support is present at 97.60 level. If USDJPY manages to break 99.00 level,
then we might see USDJPY touching 99.70
see a dip by USDJPY towards 97.50 level and then a rise from that level
again. Traders will look to buy USDJPY around 97.50 level and a very good
support is present at 97.60 level. If USDJPY manages to break 99.00 level,
then we might see USDJPY touching 99.70
Recommended Trade Levels
Trade: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 98.30
Profit Target 2: 98.80
Thursday, April 30, 2009
GBPUSD (1.4766)
GBPUSD is looking to target 1.4850 at the moment and traders will look to
buy GBPUSD on dips preferrably for anything below 1.4650 level. Initial
profit target will be at 1.4750 which can be extended later. If GBPUSD
breaks below 1.4600 level then traders might reverse position for 1.4450
level.
buy GBPUSD on dips preferrably for anything below 1.4650 level. Initial
profit target will be at 1.4750 which can be extended later. If GBPUSD
breaks below 1.4600 level then traders might reverse position for 1.4450
level.
Recommended Trade Levels
Trade: Buy GBPUSD @ 1.4650
Stop: 1.4600
Profit Target 1: 1.4750
Profit Target 2: 1.4850
Monday, April 27, 2009
USDJPY (97.11)
USDJPY is moving in a nice downward trend and looking to gradually take a
dip below 96.00 level. Currently selling around 98.50 seems a good trade
opportunity. Initial profit target will be somewhere below 97.00 level
which can be extended below 96.00 level.
dip below 96.00 level. Currently selling around 98.50 seems a good trade
opportunity. Initial profit target will be somewhere below 97.00 level
which can be extended below 96.00 level.
Recommended Trade Levels
Trade 1: Sell USDJPY @ 98.50
Trade 2: Sell USDJPY @ 99.75
Stop: 100.10
Profit Target 1: 97.00
Profit Target 2: 95.50
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