Intraday trading analysis (tips) for GBP/USD 16 May 2011, we recommend, Enter short in GBP/USD below 1.6205 for target of 1.6155 and 1.6115 also place protective stop loss order above 1.6225. Reason to trade short: GBPUSD has seen reversal from 1.6725 level and now we see a good selling opportunity. Strong USD and weak GBP is responsible for this strong down trend. So this down move is likely to ... [Continue Reading]
Forex: AUD/USD Trading Analysis for 16 May 2011: Sell Below 1.0585
Intraday trading analysis (tips) for AUD/USD 16 May 2011, we recommend, Enter short in AUD/USD below 1.0585 for target of 1.0545 and 1.0515 also place protective stop loss above 1.0605. Reason to trade short: USD has been trading strongly and has now picked strong momentum for near term trading prospective. So for intraday trading we will be looking for selling opportunities in this pair as long ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 16 May 2011: Sell EURUSD below 1.4155
Today's trading technical analysis (tips) for EUR/USD 16 May 2011, we recommend, Enter short position only in (Sell) EUR/USD above 1.4155 for target of 1.4055 and 1.4015 also place protective stop loss above 1.4175. Reason to trade short: The EURUSD pair has been trading in negative after the rumors that the Greece is about to leave the euro zone. Also the declining commodities prices has made ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 5 May 2011: Sell below 0.8605
Intraday trading analysis (tips) for USD/CHF 5 May 2011, we recommend, Enter short in USD/CHF below 0.8605 for target of 0.8575 and 0.8555 also place protective stop loss above 0.8615. Reason to trade short: On daily chart we find USD/CHF was on strong downtrend and we see a good selling opportunity today on 1 hour chart. CHF has been showing strength and is more likely to continue the current ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 5 May 2011: Buy EURUSD above 1.4855
Today's trading technical analysis (tips) for EUR/USD 5 May 2011, we recommend, Enter long position only in (Buy) EUR/USD above 1.4855 for target of 1.4885 and 1.4905 also place protective stop loss below 1.4835. Reason to trade long: The pair has been trading in tight range of 1.4800 - 1.4875 but yesterday we saw a break above this range towards 1.4950 level. Hence we are looking for buying ... [Continue Reading]
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