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EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3425

By Bhaveek Patel Leave a Comment

Intraday trading analysis (tips) on EUR/USD for 19 January 2011, we recommend Long (Buy) EUR/USD Above 1.3425 for target of 1.3475 and 1.3495 keep stop loss above 1.3405. Why to go Long: This pair has shown positive breakout and is firmly trading above the intermediate resistance of 1.3395 level today, so the uptrend must continue till the next resistance of 1.3495 level on 4 hour chart, trading ... [Continue Reading]

Gold (Spot) Trading Analysis for 19 January 2011, Buy Above 1377

By Bhaveek Patel Leave a Comment

Gold spot intraday trading for 19 January 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1377 with targets as 1382 and 1386. Stop loss should be placed near 1373 level. Why to go Long on Gold : Gold was trading with high volatility. But we are sure this consolidation cannot be ruled out for more extend, we have now downside capped near 1370. So gold should see good ... [Continue Reading]

Nifty Futures Support Resistance Level For 18 January 2011

By Bhaveek Patel Leave a Comment

Nifty futures saw a negative breakdown of 5700 level last Friday, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5666 level for ... [Continue Reading]

GBP/JPY for Intraday: Sell GBP/JPY Below 131.35

By Bhaveek Patel Leave a Comment

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]

Gold (Spot) Trading Analysis for 17 January 2011, Sell Below 1365

By Bhaveek Patel Leave a Comment

Gold spot intraday trading for 17 January 2011, Gold intraday trading tips, Short (Sell) positions in Gold below 1365 with targets as 1357 and 1352. Stop loss should be placed around 1369 level. Why to go Short on Gold : Gold was consolidating below its support of 1365. So we are sure unless we cross 1365 level, we have upside capped near 1365. So gold should face weakness towards 1352 level. ... [Continue Reading]

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