Intraday trading analysis (tips) on GBP/JPY for 1 June 2011, we recommend to trade long (buy) GBPJPY pair above 133.35 for target of 133.85 and 134.45 placing the stop loss below 133.05. Reason for trading GBPJPY long: The GBPJPY pair has been trading in very volatile suggesting for the range trading opportunity. So trading with the support resistance levels we advice to traders to take long ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 1 June 2011: Sell AUDUSD above 1.0725
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: EUR/JPY Trading Analysis for 1 June 2011: Buy EURJPY Above 116.65
Short term trading analysis (tips) for EUR/JPY 1 June 2011, we recommend, Enter long in EURJPY above 116.65 for short term target of 121.75 and 125.85 also place protective stop loss below 115.65. Reason to trade EURJPY long: The EURJPY was on uptrend and we see a good buying opportunity due to strong EURO. EURO has been showing some strength and is more likely to continue the current uptrend to ... [Continue Reading]
Forex: GBP/USD Trading Analysis for 1 June 2011: buy GBPUSD above 1.6395
Intraday trading analysis (tips) for GBP/USD 1 June 2011, we recommend, Enter long in GBPUSD above 1.6395 for target of 1.6465 and 1.6495 also place protective stop loss below 1.6365. Reason to trade GBPUSD short: The GBPUSD has seen bounced from 1.6055 level and now we see a good buying opportunity in this pair. Strong data from UK is responsible for this rebound. So this up move is likely to ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 1 June 2011: Sell USDCHF Below 0.8505
Intraday trading analysis (tips) for USD/CHF 1 June 2011, we recommend, Enter short in USDCHF below 0.8505 for target of 0.8445 and 0.8405 also place protective stop loss above 0.8525. Reason to trade USDCHF short: As the CHF has started to strengthen more as compared to USD. On daily chart we find USD/CHF is on strong downtrend and this down move must continue untill the fundamentals change. We ... [Continue Reading]
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