Friday, May 29, 2009

USDJPY (96.90)

USDJPY is looking to target 97.50 level at the moment and traders will be
currently looking to buy USDJPY around 96.50 level. RSI is just above 52
and will support break-out in both direction.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 96.40
Trade 2: Buy USDJPY @ 95.45
Stop: 95.00
Profit Target 1: 97.50
Profit Target 2: 98.40

Monday, May 25, 2009

EURUSD (1.3996)

EURUSD is around an important level (1.4000). So far EURUSD has not been
able to break that level and thus we should expect it to take a dip below
1.3900 level. If the dip extends further below 1.3800 level, more
averaging opportunities will arise around 1.3750 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3880
Trade 2: Buy EURUSD @ 1.3760
Stop: 1.3700
Profit Target 1: 1.4030
Profit Target 2: 1.4130

Thursday, May 21, 2009

EURUSD (1.3769)

EURUSD took a good rise above 1.3800 level and its next target is now at
1.4000 level. But before doing so, we might see a dip by EURUSD and mostly
traders will look to buy on those dips to 1.3600 level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3600
Trade 2: Buy EURUSD @ 1.3500
Stop: 1.3450
Profit Target 1: 1.3800
Profit Target 2: 1.3900

Wednesday, May 20, 2009

EURUSD (1.3653)

EURUSD is looking to target 1.3700 level at the moment and then it might
take a little dip towards 1.3550 level. Traders will look to buy EURUSD on
dips for initial move towards 1.3700 level, break of which might extend
EURUSD as high as 1.4000 level in coming few days.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3565
Trade 2: Buy EURUSD @ 1.3465
Stop: 1.3400
Profit Target 1: 1.3700
Profit Target 2: 1.3765

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