Intraday trading analysis (tips) for AUD/USD 1 June 2011, we recommend, Enter long in AUDUSD above 1.0725 for target of 1.0765 and 1.0795 also place protective stop loss below 1.0705. Reason to trade AUDUSD long: The AUDUSD pair has always attracted the investors for the carry trade as the interest rates are very high in Australian economy. For long term we are always looking for buying ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 23 May 2011: Sell Below 1.0595
Intraday trading analysis (tips) for AUD/USD 23 May 2011, we recommend, Enter short in AUD/USD below 1.0595 for target of 1.0545 and 1.0505 also place protective stop loss above 1.0615. Reason to trade short: USD has been trading strongly and has now picked strong momentum for near term trading prospective. So for intraday trading we will be looking for selling opportunities in this pair as long ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 16 May 2011: Sell Below 1.0585
Intraday trading analysis (tips) for AUD/USD 16 May 2011, we recommend, Enter short in AUD/USD below 1.0585 for target of 1.0545 and 1.0515 also place protective stop loss above 1.0605. Reason to trade short: USD has been trading strongly and has now picked strong momentum for near term trading prospective. So for intraday trading we will be looking for selling opportunities in this pair as long ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 4 May 2011: Buy Above 1.0845
Intraday trading analysis (tips) for AUD/USD 4 May 2011, we recommend, Enter long in AUD/USD above 1.0845 for target of 1.0885 and 1.0915 also place protective stop loss below 1.0825. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. AUD/USD pair has been making the series of higher high and lower low suggesting the strong trending market. Also making new high to ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 3 May 2011: Buy Above 1.0885
Intraday trading analysis (tips) for AUD/USD 3 May 2011, we recommend, Enter long in AUD/USD above 1.0885 for target of 1.0925 and 1.0955 also place protective stop loss below 1.0865. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. AUD/USD pair has been making the series of higher high and lower low suggesting the strong trending market. Also making new high to ... [Continue Reading]