Monday, May 18, 2009

EURUSD
(1.3495)

EURUSD is looking to extend its retracement towards 1.3350 level and from
there it willl look to break above 1.3600 level

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3340
Trade 2: Buy EURUSD @ 1.3240
Stop: 1.3180
Profit Target 1: 1.3480
Profit Target 2: 1.3600

Friday, May 15, 2009

USDJPY (95.49)

USDJPY took a good dip during this week and for the time being, it will be
looking to take reasonable retracement. Traders will look to sell USDJPY
around 96.25 and if the retracement is extended above 97.00 level, then
another sell around 97.30 is possible to average out both trades.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 96.25
Trade 2: Sell USDJPY @ 97.30
Stop: 98.40
Profit Target 1: 95.25
Profit Target 2: 94.25

Wednesday, May 13, 2009

GBPUSD (1.5267)

GBPUSD is moving in a nice upward trend and completing nice retracement
each day and providing good intra-day trades. Currently a good buying
opportunity is seen around 1.5150 level for target above 1.5300 level.

Recommended Trade Levels

Trade: Buy GBPUSD @ 1.5150
Stop: 1.5050
Profit Target 1: 1.5250
Profit Target 2: 1.5350

Monday, May 11, 2009

EURUSD (1.3632)

EURUSD has broken into a nice upward trend and is looking to break 1.3750
level during this week but before doing so we might see retracement
towards 1.3500 level and that will be the level traders will be looking to
buy EURUSD.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3500
Trade 2: Buy EURUSD @ 1.3360
Stop: 1.3300
Profit Target 1: 1.3700
Profit Target 2: 1.3750

Friday, May 8, 2009

GBPUSD (1.5010)

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