Intraday trading analysis (tips) on GBP/JPY for 17 January 2011, we recommend Short (Sell) GBP/JPY Below 131.35 for target of 130.85 and 130.55 keep stop loss above 131.65. Why to go Short: This pair has seen stiff resistance by its 200DMA on daily chart, so we may see the pair weakening to its next support of 130.85. Technical indicators are however mixed and the pair seems to loose upward ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3185
Intraday trading analysis (tips) on EUR/USD for 13 January 2011, we recommend Long (Buy) EUR/USD Above 1.3185 for target of 1.3235 and 1.3265 keep stop loss above 1.3165. Why to go Long: This pair has shown positive breakout above the resistance of 1.318 level today, so the trend must continue till pair is above 1.318 level on 4 hour chart, trading with the trend we recommend to go long on this ... [Continue Reading]
Forex intraday Trading Analysis on EUR/USD: Sell EUR/USD Below 1.2985
Forex intraday trading analysis (tips) on EUR/USD for 10 January 2011, we recommend Short (Sell) EUR/USD Below 1.2985 for target of 1.2935 and 1.2905 keep stop loss above 1.3010. Why to go Short: This pair has shown negative breakout below 1.1.3005 level last friday, so the trend must follow till its first support level of 1.2905. So we expect the pair should further weaken to test the immediate ... [Continue Reading]
Forex Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3225
Intraday trading analysis (tips) on EUR/USD for 5 January 2011, we recommend Short (Sell) EUR/USD Below 1.3225 for target of 1.3145 and 1.3115 keep stop loss above 1.3255. Why to go Short: This pair has shown negative breakout below 1.3225 level today, so the trend must follow till its first support level of 1.3145. So we expect the pair should further weaken to test the immediate support level ... [Continue Reading]
Forex Trading Analysis on EUR/USD: Buy EUR/USD Above 1.3195
Intraday trading analysis (tips) on EUR/USD for 28 December 2010, we recommend Long (Buy) EUR/USD Above 1.3195 for target of 1.3245 and 1.3265 keep stoploss above 1.3175. Why to trade Long: This pair has shown positive breakout above 1.3185 level today, so the trend must follow till its first resistance of 1.3245. So we expect the pair should further strengthen to test the resistance of 1.3245 ... [Continue Reading]
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