Intraday trading analysis (tips) on GBP/JPY for 10 February 2011, we recommend Long (Buy) GBP/JPY Below 132.75 for target of 133.15 and 133.45 keep stop loss below 132.65. Why to go Long: This pair has been rebounding from its strong support level, and overall bias for this pair remains bullish. So we may see the pair strengthening to its next resistance of 133.15. Technical indicators are ... [Continue Reading]
EUR/USD Intraday Trading Analysis for 10 Feb 2011: Sell EURO Below 1.3645
Intraday trading analysis (tips) on EUR/USD for 10 February 2011, we recommend Short (Sell) EUR/USD Below 1.3645 for target of 1.3615 and 1.3575 keep stop loss above 1.3665. Why to go Short: EURO was seen weakening in 4 hour chart and was supported by leading technical indicators. So we can see the pair to weaken further and move towards its next support of 1.3615, so the trend must continue, and ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3585
Intraday trading analysis (tips) on EUR/USD for 8 February 2011, we recommend Long (Buy) EUR/USD Above 1.3585 for target of 1.3655 and 1.3685 keep stop loss above 1.3565. Why to go Long: EURO was trading higher on the 4 Hour chart and was supported by technical indicators. So we can see the pair to strengthen further and move towards its next resistance near 1.3655, so the trend must continue, ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Sell EURO Below 1.3595
Intraday trading analysis (tips) on EUR/USD for 7 February 2011, we recommend Short (Sell) EUR/USD Below 1.3595 for target of 1.3565 and 1.3535 keep stop loss above 1.3615. Why to go Short: Last Friday after the NFP data release the EURO was showing strength so we can see the pair to weaken and move towards its next support near 1.3535, so the trend retracement must continue, and trading with the ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Sell EURO Below 1.3635
Intraday trading analysis (tips) on EUR/USD for 4 February 2011, we recommend Short (Sell) EUR/USD Below 1.3675 for target of 1.3605 and 1.3555 keep stop loss below 1.3655. Why to go Short: After the NFP data release the EURO was showing strength so we can see the pair to weaken and move towards its next support near 1.3555, so the trend must continue, and trading with the trend we recommend to ... [Continue Reading]
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