Intraday trading analysis (tips) for EUR/USD 14 April 2011, we recommend, Enter long (Buy) EUR/USD above 1.4475 for target of 1.4525 and 1.4555 also place protective stop loss below 1.4455. Reason to trade long: The pair has broke above the 1.4455 level and is strongly heeding towards 1.4555 level. Giving solid trading opportunity in this strong uptrend. Also EURO has strongly accumulated upward ... [Continue Reading]
Gold (Spot) Trading Analysis for 14 April 2011, Buy above 1458
Gold intraday trading analysis for 14 april 2011, we recommend to trade long in Gold above 1458 level with targets as 1466 and 1471. Stop loss should be placed below 1455 level. Why to trade long on Gold : Gold has witness profit booking in last 2 sessions. This profit booking can be seen as buying opportunity as long as gold trades above 1430 level. Daily technical indicators are also confirming ... [Continue Reading]
Nifty Futures Trading Target Level For 13 April 2011, Buy Above 5824
Nifty futures has found near term support at 5767 level and is trading firmly above this level today. The major buying came from the FII, retail investors. We will advice traders to trade long for today as buying can be seen near 5824 level in nifty futures targeting 5855 area today. Markets are in bullish mood and is likely to witness fresh buying in today's session. The markets are unlikely to ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 11 April 2011: Buy Above 138.75
Intraday trading analysis (tips) on GBP/JPY for 11 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 138.75 for target of 139.15 and 139.55 keep stop loss below 138.55. Reason behind trading long on GBP/JPY: The GBP/JPY pair has been trading in a bullish channel, so trading in the direction of trend we will be looking for only buying opportunity as long as the pair remains above ... [Continue Reading]
Gold (Spot) Trading Analysis for 11 April 2011, Buy above 1471
Gold intraday trading analysis for 11 April 2011, we recommend to trade long in Gold above 1471 level with targets as 1480 and 1488. Stop loss should be placed below 1467 level. Why to trade long on Gold : Gold has given a breakout trading opportunity last week, and we have seen the strong rally heeding towards 1488 level. So we will be looking buying opportunity on gold till it is trading above ... [Continue Reading]
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