Today's trading technical analysis (tips) for EUR/USD 5 May 2011, we recommend, Enter long position only in (Buy) EUR/USD above 1.4855 for target of 1.4885 and 1.4905 also place protective stop loss below 1.4835. Reason to trade long: The pair has been trading in tight range of 1.4800 - 1.4875 but yesterday we saw a break above this range towards 1.4950 level. Hence we are looking for buying ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 4 May 2011: Buy Above 1.0845
Intraday trading analysis (tips) for AUD/USD 4 May 2011, we recommend, Enter long in AUD/USD above 1.0845 for target of 1.0885 and 1.0915 also place protective stop loss below 1.0825. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. AUD/USD pair has been making the series of higher high and lower low suggesting the strong trending market. Also making new high to ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 4 May 2011: Buy EURO above 1.4805
Intraday trading analysis (tips) for EUR/USD 4 May 2011, we recommend, Enter long position in (Buy) EUR/USD above 1.4805 for target of 1.4835 and 1.4855 also place protective stop loss below 1.4785. Reason to trade long: The EUR/USD pair has been consolidating now in 1.4800 - 1.4875 range we are expecting positive breakout above the 1.4875 level for target towards 1.49 level. Giving solid trading ... [Continue Reading]
Forex: GBP/USD Trading Analysis for 3 May 2011: Buy Above 1.6585
Intraday trading analysis (tips) for GBP/USD 3 May 2011, we recommend, Enter long in GBP/USD above 1.6585 for target of 1.6625 and 1.6655 also place protective stop loss order below 1.6565. Reason to trade long: GBP/USD was on uptrend and we see a good buying opportunity. Strong GBP and weak USD is responsible for this strong up trend. So this up move is likely to continue from the current level ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 3 May 2011: Buy Above 1.0885
Intraday trading analysis (tips) for AUD/USD 3 May 2011, we recommend, Enter long in AUD/USD above 1.0885 for target of 1.0925 and 1.0955 also place protective stop loss below 1.0865. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. AUD/USD pair has been making the series of higher high and lower low suggesting the strong trending market. Also making new high to ... [Continue Reading]
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