Monday, June 8, 2009

USDJPY (98.84)

USDJPY is moving towards it target at 98.80 and break of that important
level will set up scenario for target at 101.30 level. Currently traders
will look to buy USDJPY around 98.25 level and if required, it can be
averaged out around 97.60 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.25
Trade 2: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 99.25
Profit Target 2: 99.75

Friday, June 5, 2009

USDJPY (96.81)

USDJPY is moving towards it target at 97.60 and break of that important
level will set up scenario for target at 100.00 level. Currently traders
will look to buy USDJPY around 96.10 level for a nice intra-day trade.

Recommended Trade Levels

Trade: Buy USDJPY @ 96.10
Stop: 95.75
Profit Target: 96.75

Monday, June 1, 2009

USDCHF (1.0673)

USDCHF is moving in a nice downward trend and USDCHF seems to gather
momentum during this week. Currently traders will look to sell USDCHF
around 1.0800 level for initial target at 1.0650 which can be further
extended to 1.0550 level.

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.0800
Trade 2: Sell USDCHF @ 1.0925
Stop: 1.0975
Profit Target 1: 1.0650
Profit Target 2: 1.0550

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