EURUSD pair has advanced after the free fall from the debt crisis led by Italy, but yesterday after the bailout package has been declared, we have seen a bounce and recovery in the EURO and we see that buying has resumed in it. So we are bullish for short term as well as intraday trading. Fundamentals has now strengthen for the EURO as Greece crisis was one of the big issue for EURO. We see that ... [Continue Reading]
EURUSD Technical Analysis on 21 July 2011 Intraday Trading: Buy EURUSD above 1.4245
EURUSD pair has advanced after the free fall from the debt crisis led by Italy, but yesterday we have seen some recovery in the EURO and we see that buying has resumed in it. SO we are bullish for intraday trading. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged as one of the big issue for EURO, so this can be the bad news for the market participants. We see that today's ... [Continue Reading]
Currency: EUR/USD Technical Analysis on 18 July 2011 Trading Analysis: Sell EURUSD below 1.4075
EURUSD pair has been falling after the Italy downgrade. So we have seen Euro falling towards 1.40 level from 1.4575 level this is about 500 pips fall so our near term outlook is now bearish. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged as one of the big issue for EURO, so this can be the bad news for the market participants. So trading with the trend we are only ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 13 July 2011: Buy EURUSD above 1.4005
EURUSD pair has fallen to 1.3825 level from 1.4565 level this is about 500 pips fall so we are now bearish but looking at the daily time frame chart we see that price action is just above the 200 DMA and this may act as strong support for this down trend. Fundamentals has weaken for the EURO as Italy debt crisis has now emerged, so this can be the bad news for the market participants. So trading ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 4 July 2011: Buy GBPJPY above 129.55
GBPJPY is one of the most volatile currency pair with daily movement is about 160 pips daily. Intraday trading analysis (tips) on GBP/JPY for 4 July 2011, we recommend to trade long (buy) GBPJPY pair above 129.55 for target of 131.55 and 132.05 placing the stop loss below 129.05. Reason for trading GBPJPY long: The GBPJPY pair has been trading with very volatility suggesting for the range trading ... [Continue Reading]
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