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]
Forex: EUR/USD Trading Analysis for 4 July 2011: Buy EURUSD above 1.4565
Most liquid and most trending currency pair is EURUSD, Euro is also known as anti dollar currency. Today's trading technical analysis (tips) for EUR/USD 4 July 2011, we recommend, enter long position (buy) in EURUSD above 1.4565 for target of 1.4595 and 1.4635 also place protective stop loss below 1.4545. Reason to trade long: EURUSD pair has rallied from the 1.4100 level and we have seen the ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 4 July 2011: Buy AUDUSD above 1.0705
AUD is highest interest yielding free float currency available today, this is one of the successful carry trade to hold the AUD with a low yield currency such as USD, JPY or CHF. Intraday trading analysis (tips) for AUD/USD 4 July 2011, we recommend, Enter buy AUDUSD above 1.0705 for target of 1.0755 and 1.0785 also place protective stop loss below 1.0685. Reason to trade AUDUSD long: The AUDUSD ... [Continue Reading]
Currency: EUR/JPY Trading Analysis for 4 July 2011: Sell EURJPY below 117.15
EURJPY is a cross pair know for its huge volatile move it is most active on Asian and European sessions. Short term trading analysis (tips) for EUR/JPY 4 July 2011, we recommend, Enter short in EURJPY below 117.15 for short term target of 116.15 and 115.15 also place protective stop loss above 117.75. Reason to trade EURJPY short: The EURJPY was on uptrend but we seeing some selling due to ... [Continue Reading]