Our intraday trading analysis on GBP/JPY, we recommend short GBP/JPY Below 133.42 for target of 133.1 and 132.75 keep stoploss above 133.75. Why to go Short: This pair is still trading below its 50 DMA on Daily chart. 134.20 is a strong resistance level and the pair is likely to stay below this level. So trend should stay mixed to bearish today (19 Nov 2010). ... [Continue Reading]
GBP/JPY for Short Term: Sell GBP/JPY Below 133.05
Our short term trading analysis on GBP/JPY, we recommend short GBP/JPY Below 133.05 for target of 132.05 and 131.65 keep stoploss above 133.35. Why to go Short: This pair is still trading below its 50 DMA on Daily chart. 133.85 is a strong resistance level and the pair is likely to stay below this level. So trend should stay bearish for short term (for 2 weeks). ... [Continue Reading]
Eur/Usd Intraday Analysis: Short EUR/USD Below 1.3650
Our trading analysis on EUR/USD, we recommend sell EUR/USD Below 1.3650 for target of 1.3595 and 1.3570 keep stoploss above 1.3666. Why to go Short: We see this pair has formed a bearish channel on its 30 min chart. Also it is still trading below its 20 DMA (Days Moving Average). Trend should stay bearish for today (16-November-2010). ... [Continue Reading]
Eur/Usd Analysis: Sell EUR/USD Below 1.3670
Our Analysis on EUR/USD, we recommend sell EUR/USD Below 1.3670 for intraday target 1.3636 and 1.3615 keep stop loss above 1.3690. Why to go Short: We saw this pair was trading below its 20 DMA (Days Moving Average) on 30 min chart. Trend should be negative for today. ... [Continue Reading]
EUR/USD Intraday Call: Rebound Expected for 27-Oct-2010
Our View: Enter long (Buy) position above 1.3795 with targets @ 1.3873 & 1.3917 in extension. Alternative outlook: Enter Short (Sell) Below 1.3772 for further downside with 1.3755 & 1.3705 as targets. Why to go long: the RSI is turning up, the pair has rebounded from its support and should post a further up move. ... [Continue Reading]