Intraday trading analysis (tips) on GBP/JPY for 3 May 2011, we recommend to trade Short (Sell) GBP/JPY pair below 134.65 for target of 134.25 and 133.85 keep stop loss above 134.85. Reason behind trading short: GBP/JPY pair has been trading in a bullish channel, but it has broke below the upper channel lower boundary. So trading in the direction of trend we will be looking for only selling ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 3 May 2011: Buy EURO above 1.4835
Intraday trading analysis (tips) for EUR/USD 3 May 2011, we recommend, Enter long position in (Buy) EUR/USD above 1.4835 for target of 1.4875 and 1.4895 also place protective stop loss below 1.4815. 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]
Currency: AUD/USD Trading Analysis for 29 April 2011, Buy Above 1.0875
Intraday trading analysis (tips) for AUD/USD 29 April 2011, we recommend, Enter long in AUD/USD above 1.0875 for target of 1.0915 and 1.0945 also place protective stop loss below 1.0855. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. Yesterday AUD/USD has given a very positive breakout, making new high to break past 28 year high. RSI support the up move and is ... [Continue Reading]
Currency: EUR/JPY Trading Analysis for 29 April 2011: Buy Above 120.75
Intraday trading analysis (tips) for EUR/JPY 29 April 2011, we recommend, Enter long in EUR/JPY above 120.75 for target of 121.15 and 121.55 also place protective stop loss below 120.55. Reason to trade long: EURJPY was on uptrend and we see a good buying opportunity due to strong EURO. EURO has been showing some strength and is more likely to continue the current uptrend to test its next ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 29 April 2011: Buy Above 135.55
Forex Intraday trading analysis (tips) on GBP/JPY for 29 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 135.55 for target of 135.95 and 136.25 keep stop loss below 135.25. Reason behind trading long: This pair has been trading in a bullish channel, supported by rising trend line, so trading in the direction of trend we will be looking for only buying opportunity as long as the ... [Continue Reading]
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