Intraday trading analysis (tips) for AUD/USD 4 April 2011, we recommend, Enter long in AUD/USD above 1.0335 for target of 1.0375 and 1.0395 also place protective stop loss below 1.0315. Reason to trade long: AUD was on uptrend and we see a buying opportunity on AUS. USD has been showing some major weakness and is more likely to continue the current downtrend to test its support level. RSI ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 1 April 2011: Buy Above 134.25
Intraday trading analysis (tips) on GBP/JPY for 1 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 134.25 for target of 134.65 and 134.95 keep stop loss below 133.95. Reason behind trading long: This pair has crossed above the 200 DMA on Daily chart, hence we can confirm the near term bullishness in this pair. So, we will be looking for buying opportunity in this pair as long as it ... [Continue Reading]
Forex: EUR/JPY Trading Analysis for 30 March 2011: Buy Above 116.75
Intraday trading analysis (tips) for EUR/JPY 30 March 2011, we recommend, Enter long in EUR/JPY above 116.75 for target of 117.15 and 117.55 also place protective stop loss below 116.5. Reason to trade long: JPY was on downtrend and we see a selling opportunity on JPY. EURO has been showing some strength and is more likely to continue the current uptrend to test its resistance level. RSI support ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 28 March 2011: Sell below 130.65
Intraday trading analysis (tips) on GBP/JPY for 28 March 2011, we recommend to trade Short (Sell) GBP/JPY pair below 130.65 for target of 130.25 and 130.05 keep stop loss above 130.85. Reason behind trading short: This pair is finding resistance near its 200 DMA line on 4 Hour chart, which confirms the bearishness. So, we will be looking for selling opportunity in this pair as long as it trades ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 24 March 2011: Buy EURO above 1.4125
Intraday trading analysis (tips) for EUR/USD 24 March 2011, we recommend, Enter long (buy) EUR/USD) above 1.4125 for target of 1.4165 and 1.4195 also place protective stop loss below 1.4105. Why to trade long: The pair finally trading strong and is showing strong trending markets. Also EURO has strongly accumulated upward momentum and is firmly trading above its resistance level targeting next ... [Continue Reading]
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