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GBPUSD

Posted by Erum Javed Labels:

GBPUSD is getting towards 1.4920 level and currently a good buy can be seen just around the 1.4715 level. The short term trend might look to reverse into long term selling trend therefore we don’t suggest buy GBPUSD for any extended target above 1.4900 level.


Trade Levels:


Item: GBPUSD
B/S: Buy       
Open: 1.4715
Stop: 1.4660 
Profit: 1.4875

Thursday, June 17, 2010 | 0 Comments



USDCHF

Posted by Erum Javed Labels:

USDCHF

seems to have taken retracement in long term trend the RSI is still on higher
side and thus we might see another dip by USDCHF during this week. Currently a
good resistance is seen around 1.1600 level and selling around that level with
small stop is suggested.

Trade Levels:

Item: USDCHF
B/S: Sell
Open 1: 1.1600
Open 2: 1.1650
Stop: 1.1700
Profit: 1.1450




Sunday, June 13, 2010 | 0 Comments

GBPUSD gathering momentum

Posted by Erum Javed Labels:

GBPUSD is moving in a nice downward trend and seems to gathering momentum to take a dip below 1.5100 level today. Currently a good resistance can be seen round 1.5195 and it will be a good selling opportunity for targets around 1.5100 level. 

Trade Levels:

Item: GBPUSD
B/S: Sell
Open: 1.5195
Stop: 1.5250
Limit: 1.5095

Wednesday, May 05, 2010 | 0 Comments

USDJPY

Posted by Erum Javed

USDJPY

USDJPY after being traded sideways range finally broke into an upward trend and it seems that it take the momentum into this week as well. Currently a good support can be seen just around 92.30 level and buying around that level for initial target at 93.20 seems a good option.

Trade Levels:

Item: USDJPY
B/S: BUY
Open 1: 92.30
Open 2: 91.75
Stop: 91.25
Profit: 93.20



Monday, March 29, 2010 | 0 Comments

AUDUSD

Posted by Erum Javed

AUDUSD is gathering momentum for a rise towards 0.9100 level and currently traders will look to buy around 0.9032 level for initial target at 0.9090 level. Extended target can be set around 0.9130 level.


Trade Levels:


Item: AUDUSD
B/S: BUY
Open 1: 0.9032
Open 2: 0.8990
Stop: 0.8950
Profit: 0.9090


Thursday, March 04, 2010 | 0 Comments

Weekly Overview

Posted by Erum Javed Labels:


The market as it seems to continue its long term trends during this week and mostly we will find traders looking to enter with the trend on retracement levels. EURUSD will once again look to dip below 1.3500 level and will try to target 1.3400 during this week . GBPUSD might take some early retrace and then will look to target 1.5350 level during this week. USDCHF will loo to test 1.0850 level once again and mostly traders will look to buy for initial targets around that level. AUDUSD and NZDUSD might once again prove to be a mix bag during this week, traders looking to trade them in both ways. 

Saturday, February 27, 2010 | 0 Comments

Weekly Overview

Posted by Erum Javed

 

The market is settling back into long term trends and we might be seeing more of with-the-trend trades during this week and might see good technical moves during this week.

 

Weekly Technical Levels:

 

Item

B/S

Open

Stop

Limit

EURUSD

S

1.3747

1.3877

1.3485

GBPUSD

S

1.5725

1.5903

1.5368

USDCHF

B

1.0672

1.0576

1.0863

USDJPY

B

90.2000

89.2700

92.0500

USDCAD

S

1.0492

1.0547

1.0383

AUDUSD

B

0.8886

0.8812

0.9027

NZDUSD

B

0.6945

0.6889

0.7057

Monday, February 22, 2010 | 0 Comments

Market Testing Important Levels

Posted by Erum Javed

Market Overview

The market seems to be getting to other side and still there are levels to be tested to confirm the reversal of trends. In the weekly charts, the current move can still be termed as retracement.

Daily Technical Levels:

Item

B/S

Open

Stop

Limit

EURUSD

B

1.3647

1.3575

1.3791

GBPUSD

B

1.5674

1.5611

1.5801

USDCHF

S

1.0752

1.0804

1.0648

USDJPY

B

89.82

89.52

90.40

USDCAD

S

1.0481

1.0515

1.0414

AUDUSD

B

0.8917

0.8859

0.9032

NZDUSD

B

0.6995

0.6952

0.7081

Wednesday, February 17, 2010 | 0 Comments

Weekly Overview

Posted by Erum Javed

 

The market was in sort of retracement last week and it seems that the currencies will look to get back in long term trend this week. Still we can find some currencies stopping out trades and test some stops.

Weekly Technical Levels:

Item

B/S

Open

Stop

Limit

EURUSD

S

1.3783

1.3899

1.3552

GBPUSD

S

1.5755

1.5842

1.5581

USDCHF

B

1.0647

1.0536

1.0814

USDJPY

S

90.32

90.81

89.34

USDCAD

S

1.0697

1.0809

1.0472

AUDUSD

B

0.8690

0.8575

0.8919

NZDUSD

S

0.7018

0.7097

0.6858

Monday, February 15, 2010 | 0 Comments

FX Market Today

Posted by Erum Javed

Today’s Overview

The market seems to getting to the end of completion and we might see it settling back into its long term trend. Today’s levels are more suited for aggressive traders.

Today’s Technical Levels:

Item

B/S

Open

Stop

Limit

EURUSD

S

1.3792

1.3843

1.3690

GBPUSD

S

1.5718

1.5791

1.5571

USDCHF

S

1.0711

1.0749

1.0633

USDJPY

B

90.0400

89.2200

89.9300

USDCAD

S

1.0685

1.0727

1.0600

EURJPY

B

124.2600

122.6900

123.5700

GBPJPY

B

139.5900

138.8400

141.1000

Thursday, February 11, 2010 | 0 Comments

Today’s Trading Levels

Posted by Erum Javed

 

Item B/S Open Stop Limit
EURUSD S 1.3850 1.3918 1.3713
GBPUSD S 1.5873 1.5944 1.5730
USDCHF B 1.0679 1.0716 1.0605
AUDUSD S 0.8777 0.8861 0.8609
USDCAD B 1.0637 1.0671 1.0568
NZDUSD S 0.6984 0.7053 0.6844
 
 
 

Friday, February 05, 2010 | 0 Comments

GBPUSD looking to gradually make it to 1.3850

Posted by Erum Javed

GBPUSD finally took the expected dip on Friday and considering the weekly and monthly charts we can see that GBPUSD is well set to take a dip towards 1.3850 and this target seems to be achieved by GBPUSD as early as this week. Traders will look to sell GBPUSD during this week on rise during its retracement. Currently a good selling level can be seen at 1.6050 with a bit extended stop and look to capture GBPUSD move towards 1.3580 level.

Trade:

Sell GBPUSD @ 1.6050 with Stop @ 1.6325 and Profit Limit @ 1.5850

Sunday, January 31, 2010 | 0 Comments

USDCHF aiming to break above 1.0500

Posted by Erum Javed

USDCHF is looking good to head towards its current target at 1.05000 and then break it to set next target at 1.06000 level. Mostly traders will look to buy USDCHF on dip to below 1.0430 level to capitalize on USDCHF moving towards 1.0500 level.

Trade:

Buy USDCHF @ 1.0430 with Stop @ 1.0380 and Profit Limit @ 1.0600



Tuesday, January 26, 2010 | 0 Comments

USDCHF taking a breather

Posted by Erum Javed

USDCHF after taking a good rise towards 1.0400 level is looking to take some breather towards 1.0350 level and aggressive traders will look to buy USDCHF around that level. Other traders might like to wait and see if USDCHF manages a dip towards 1.0300 level to enter the market.

Trade:

Buy USDCHF @ 1.0335 with Stop @ 1.0275 and Profit Limit @ 1.0415



Wednesday, January 20, 2010 | 0 Comments

EURUSD setting itself for another dip

Posted by Erum Javed

EURUSD after taking a dip below 1.4350 level is now looking to take some retrace and is looking to set itself up for a another nice move, this time below 1.4300 level. Mostly we will see selling in EURUSD on rise above 1.4400 level. There is a very good selling range between 1.4400 and 1.4450 levels.

Trade:

Sell EURUSD @ 1.4415 with Stop @ 1.4470 and Profit Limit @ 1.4300



Monday, January 18, 2010 | 0 Comments

GBPUSD heading towards its target 1.6325

Posted by Erum Javed




GBPUSD is gradually heading towards its target at 1.6325 but before doing so we might see a retracement dip by GBPUSD towards 1.6200 level and while doing so GBPUSD will provide some decent entries for traders to cash on.

Trade:

Buy GBPUSD @ 1.6225 with Stop @ 1.6150 and Profit Limit @ 1.6400



Wednesday, January 13, 2010 | 0 Comments

USDJPY getting overloaded

Posted by Erum Javed


USDJPY is moving in a nice upward trend but it seems to be getting overloaded in daily charts and also has reached an important level at 93.50 in weekly charts. We might see USDJPY taking a dip from here towards 92.50 for a short retracement and aggressive traders might think of selling USDJPY around that level for small targets.


Trade:

Sell USDJPY 93.50 with Stop @ 94.10 and Profit Limit @ 92.50



Friday, January 08, 2010 | 0 Comments

USDCAD setting itself for a dip

Posted by Erum Javed

USDCAD seems to be taking retrace to jump above 1.0400 level and then after completing its retrace, make a good dip towards 1.0300 level.
There is a currently a good daily as well as weekly selling level present around 1.0440 level and traders will look to sell USDCAD for a nice move towards 1.0300

Trade:


Sell USDCAD @ 1.0435 with Stop @ 1.0500 and Profit Limit @ 1.0270



Tuesday, January 05, 2010 | 0 Comments

AUDUSD looking to break above 0.9000

Posted by Erum Javed

AUDUSD is looking to gradually rise above 0.9000 level and head towards its target at 0.9100 level. Currently traders will look to buy AUDUSD for anything below 0.8950 level for initial target just above 0.9000 level and break of that will extend the target towards 0.9100 level.


Trade:

Buy AUDUSD @ 0.8940 with Stop @ 0.8890 and Take Profit @ 0.9020



Sunday, January 03, 2010 | 0 Comments

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