EURUSD (1.4257)

EURUSD is looking to gradually move towards its target at 1.4185 level and we might see it doing so in a day or so. Although the trading volume is expected to become more and more thin as the days progress but the other factor which is holding EURUSD back is a low value of RSI and we expect to see EURUSD being traded in short range for the nest few days.


Recommended Trade:

Sell EURUSD @ 1.4295
Stop @ 1.4335
Profit @ 1.4190

GBPUSD (1.6141)

GBPUSD is moving in a nice downward trend and looking good to head below 1.6000 level during next week. Mostly we will find traders looking to sell GBPUSD on rise to retracement levels and currently a good level can be seen around 1.6200 and this might be the initial selling point for traders during this coming week. RSI is on the lower side in daily charts but seems to have enough space to allow GBPUSD to make a move towards 1.6000 level.


Recommended Trade:

Sell GBPUSD @ 1.6200
Stop @ 1.6260
Profit @ 1.6050

USDJPY (88.61)

USDJPY is currently looking to head towards its target at 88.15 and before doing so it might take a rise just above 89.00 level and around this level we might see trading selling USDJPY for a nice intra-day trade.

Recommended Trade:

Sell USDJPY @ 89.10
Stop @ 89.60
Profit @ 88.20

GBPUSD (1.6577)

GBPUSD is looking to target 1.6700 level at the moment but a strong
resistance is present just above 1.6630 level.
Traders will look to buy GBPUSD around 1.6490 for targets above 1.6600 level.

Recommended Trade:

Entry 1: Buy GBPUSD @ 1.6490
Entry 2: Buy GBPUSD @ 1.6290
Stop: 1.6230
Profit 1: 1.6630
Profit 2: 1.6700

NZDUSD (0.7185)

NZDUSD is looking to break below 0.7100 level but a strong support has
caused NZDUSD to rise twice. We might see another test of 0.7100 level
soon and this time NZDUSD might take a break below that level. The
next target for NZDUSD will be then an important 0.7000 level.

Traders will look to sell NZDUSD for anything above 0.7200 level for
target around 0.7100 level.

Recommended Trade:

Entry 1: Sell NZDUSD @ 0.7200
Entry 2: Sell NZDUSD @ 0.7310
Stop: 0.7350
Profit 1: 0.7100
Profit 2: 0.7000