Friday, August 21, 2009

USDJPY (94.14)

USDJPY is moving in a nice gradual downward trend and is currently
heading towards 93.00 level. Traders with short trading range seems to
have lots of trading opportunities at the moment. Currently selling
USDJPY around 94.35 seems a nice trade.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 94.35
Trade 2: Sell USDJPY @ 95.30
Stop: 96.00
Profit Target 1: 93.80
Profit Target 2: 93.00

Tuesday, August 18, 2009

AUDUSD (0.8220)

AUDUSD is moving nicely in a downward trend and is looking to target
0.8100 level. Currently traders will like to sell AUDUSD on rise to
0.8270 level which could also be averaged out if it further rise to
0.8310 level. The target can be seen below 0.8150 level.

Recommended Trade Levels

Trade 1: Sell AUDUSD @ 0.8270
Trade 2: Sell AUDUSD @ 0.8310
Stop: 0.8350
Profit Target 1: 0.8140
Profit Target 2: 0.8100

Friday, July 10, 2009

EURUSD (1.4025)

EURUSD seemed to have completed its retracement and is looking to get back
into its upward trend. Traders will look to buy EURUSD just below 1.4000
level and long term traders will like to take it into next week and we
might see a good sharp move ealier next week.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3980
Trade 2: Buy EURUSD @ 1.3880
Stop: 1.3800
Profit Target 1: 1.4100
Profit Target 2: 1.4200

Friday, July 3, 2009

NZDUSD (0.6283)

NZDUSD seems to settle into a nice downward move and currently is looking
to break below 0.6200 level and might even stretch the move towards 0.6100
level. Therefore mainly traders will look to sell NZDUSD for nice
retracement levels.

Recommended Trade Levels

Trade 1: Sell NZDUSD @ 0.6350
Trade 2: Sell NZDUSD @ 0.6450
Stop: 0.6490
Profit Target 1: 0.6250
Profit Target 2: 0.6160

Tuesday, June 30, 2009

EURUSD (1.4083)

EURUSD seems currently trapped between 1.4100 and 1.3900 levels. It seems
that EURUSD might take a dip towards 1.4000 level and intra-day traders
will target that level for a decent trade.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.4015
Trade 2: Buy EURUSD @ 1.3920
Stop: 1.3870
Profit Target 1: 1.4115
Profit Target 2: 1.4200