Gold spot intraday trading for 10 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1354 with targets as 1359 and 1363. Stop loss should be placed near 1350 level. Why to go Long on Gold : Gold is on positive move and is still supported by rising trend line. However, RSI calls for caution, as a trader be extremely cautious while trading gold today. Trend is likely ... [Continue Reading]
Nifty Futures Support Resistance Level For 9 February 2011
Nifty futures is continuing its downtrend, as FII are still net sellers. The markets are likely to witness selling pressure as long as nifty is trading below 5353 level. I will be looking for selling opportunities as as long as nifty futures trades below 5353 level. Keeping bearish outlook for today short nifty below 5353 for intraday target of 5300 and 5274 level placing stop loss at 5360. ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3585
Intraday trading analysis (tips) on EUR/USD for 8 February 2011, we recommend Long (Buy) EUR/USD Above 1.3585 for target of 1.3655 and 1.3685 keep stop loss above 1.3565. Why to go Long: EURO was trading higher on the 4 Hour chart and was supported by technical indicators. So we can see the pair to strengthen further and move towards its next resistance near 1.3655, so the trend must continue, ... [Continue Reading]
Gold (Spot) Trading Analysis for 8 February 2011, Buy Above 1347
Gold spot intraday trading for 8 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1347 with targets as 1355 and 1359. Stop loss should be placed near 1344 level. Why to go Long on Gold : Gold is on positive move and is supported by rising trend line. RSI is also well directed and hence supports the uptrend. So gold should witness more buying, hence we advice be ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Sell EURO Below 1.3595
Intraday trading analysis (tips) on EUR/USD for 7 February 2011, we recommend Short (Sell) EUR/USD Below 1.3595 for target of 1.3565 and 1.3535 keep stop loss above 1.3615. Why to go Short: Last Friday after the NFP data release the EURO was showing strength so we can see the pair to weaken and move towards its next support near 1.3535, so the trend retracement must continue, and trading with the ... [Continue Reading]
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