Intraday trading analysis (tips) on GBP/JPY for 9 March 2011, we recommend Long (Buy) GBP/JPY pair Above 133.75 for target of 133.15 and 134.45 keep stop loss below 133.55. Reason behind trading long: This pair is firmly trading above its 200 DMA, which confirms the bullishness. So, we will be looking for buying opportunity in this pair as long as it trades above 132.15. Technical indicators are ... [Continue Reading]
EUR/USD to Target 1.41 Level Next Week 7 March 2011
We have seen 350 pips rally in EUR/USD last week and it was not that strong until the breakout above the 1.387 level, after the NFP data release on 4 March 2011. So we are expecting this rally to continue upto its next resistance of 1.4105. So we will be looking for buying opportunities as long as the pair holds above 1.3865 level. Also we may witness high volatility in other cross pairs. As per ... [Continue Reading]
EUR/USD Trading Analysis for 3 March 2011: Buy EURO Above 1.3845
Intraday trading analysis (tips) for EUR/USD 3 March 2011, we recommend, Enter long (buy) EUR/USD above 1.3845 for target of 1.3875 and 1.3915 also place protective stop loss below 1.3815. Reason to go Long: The ECB has left the interest rates unchanged at 1%. Also EURO had tested its support level and the pair is now rebounding from that support. RSI support the up move and is in favor of the ... [Continue Reading]
Forex USD/CAD Trading Analysis for 2 March 2011: Sell below 0.9745
Intraday trading analysis (tips) for USD/CAD 2 March 2011, we recommend, Enter short USD/CAD below .9745 for target of 0.9695 and 0.9665 also place protective stop loss above 0.9765. Reason to trade short: USD was on downtrend and we see a selling opportunity for today's session. CAD has been showing some strength and is more likely to continue the current downtrend to test its support level. ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3815
Intraday trading analysis (tips) for EUR/USD 1 March 2011, we recommend, Enter long (Buy) EUR/USD above 1.3815 for target of 1.3855 and 1.3895 also place protective stop loss below 1.3795. Reason to go Long: EURO had tested its support level and the pair is now rebounding from that support. RSI support the up move and is in favor of the trade on 4 hour chart. So we can see the pair to strengthen ... [Continue Reading]
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