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]
Forex: EUR/USD Trading Analysis for 29 April 2011: Buy EURO above 1.4825
Intraday trading analysis (tips) for EUR/USD 29 April 2011, we recommend, Enter long position in (Buy) EUR/USD above 1.4825 for target of 1.4865 and 1.4895 also place protective stop loss below 1.4805. Reason to trade long: The EURUSD pair has broke above the 1.4815 level and is now heading towards 1.49 level. Giving solid trading opportunity in this strong uptrend. Also weak US GDP data that was ... [Continue Reading]
Gold (Spot) Trading Analysis for 29 April 2011, Buy above 1529
Gold intraday trading analysis for 29 april 2011, we recommend to trade long in Gold above 1529 level with targets as 1538 and 1543. Stop loss should be placed below 1525 level. Why to trade long on Gold : Gold has seen good supportive buying. Also the weak Doller is responsible for bullishness in this yellow metal. Also when we look at charts we see that gold is supported by rising trend line, ... [Continue Reading]
Nifty Futures Support Resistance Level For 29 April 2011, Sell below 5795, Target 5758
Nifty future is trading in 5700 - 5950 range for last 20 sessions, suggesting the consolidation, as consolidation cannot be ruled out for a longer period, we see the breakout in either side of the current range. At CMP we will however remain bearish as long as nifty is trading below 5795 level (on closing basis). Technical indicators are showing negative momentum from current levels. We will ... [Continue Reading]
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