Daily Trade forex Recommendation - page 2
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EURUSD touched its target at 1.3125 as expected and currently is still present around that level. It's next target can be seen at 1.3192 level, break of which will lead EURUSD to 1.3500 level.
The only thing that stop EURUSD progress is the over-bought RSI condition of EURUSD in all charts and sooner or later we might see a sharp dip by EURUSD below 1.3050 level. The levels between 1.3000 and 1.3030 will be in focus for traders looking to buy EURUSD for a good trend move.
Trade: Buy EURUSD @ 1.3032 for Profit Level @ 1.3132 and Stop Loss @ 1.2982 Target is at 1.3192
chart analysis here
Technical Analysis for Major Currencies
EURO/USD
After big move that euro made last week we expect that euro needs to retrench toward the down side as a correction move. the technical indicators show euro in over bought area, hence we expect a correction move.
The general trend is up as far as 1.2640 remain intact targets now at 1.3500 and 1.3200 target then at 1.3420.
The key resistance will be at 1.3200 and the key support at 1.2900.
Support: 1.3090, 1.3060, 1.3030, 1.3000, 1.2940
Resistance: 1.3135, 1.3155, 1.3175, 1.3200, 1.3225
Recommendation we expect selling euro below 1.3160 with a target at 1.3095 and stop loss above 1.3180
other pair
market trend daily and weekly
market trend daily and weekly
EUR/USD
Euro in continuing its strengthening it has broken most of critical resistance levels (1.3050, 1.3120, and 1.3150). The daily trend is up the question is when it will break the 1.3200 resistance.
Recommendation on - USDJPY
Daily Trade Recommendation - USDJPY
USDJPY
USDJPY had been trapped in a range bound trading for few days now and the same pattern might continue for some days.
We can find the same range, i.e. between 116.50 and 115.50 stay for today and again short trades might be order of the day for USDJPY. RSI is just around 40 mark and currently will support trades in both directions.
Trade: Sell USDJPY @ 116.45 for Profit Level @ 115.85 and Stop Loss @ 116.75 Target is at 115.51
chart analysis
Daily Trade Recommendation - USDJPY 01/12/2006
Daily Trade Recommendation - USDJPY
USDJPY 01/12/2006
USDJPY had been trapped in a range bound trading for few days now and the same pattern might continue for some days.
We can find the same range, i.e. between 116.50 and 115.50 stay for today and again short trades might be order of the day for USDJPY. RSI is just around 40 mark and currently will support trades in both directions.
Trade: Sell USDJPY @ 116.45 for Profit Level @ 115.85 and Stop Loss @ 116.75 Target is at 115.51
usd/jpy chart analysis
Trade Recommendation - USDJPY 04/12/2006
Daily Trade Recommendation - USDJPY
USDJPY
USDJPY had been trapped in a range bound trading for few days now and the same pattern might continue for some days.
We can find the same range, i.e. between 116.50 and 115.50 stay for today and again short trades might be order of the day for USDJPY. RSI is just around 40 mark and currently will support trades in both directions.
Trade: Sell USDJPY @ 116.45 for Profit Level @ 115.85 and Stop Loss @ 116.75 Target is at 115.51
chart analysis
Daily Trade Recommendation - USDJPY
Daily Trade Recommendation - USDJPY
USDJPY
Touched its target at 116.68 as predicted yesterday and will take a retracement rise from 114.68 towards 115.61 From that level USDJPY will resume its downward move again and 115.61 will be focus point for traders to sell USDJPY
RSI is a bit on the lower side and will automatically open up after some rise towards 115.61 and then it will again make a move toward 114.68 level, break of which will take USDJPY below 114 level.
Trade: Sell USDJPY @ 115.61 for Profit Level @ 115.91 and Stop Loss @ 115.01 Target is at 114.6
analysischart
Daily Trade Recommendation - USDJPY
Daily Trade Recommendation - USDJPY
USDJPY
USDJPY seemed to stay between 115.23 and 114.38 levels today and aggressive traders will look to enter trade on any or both of levels. But the long-term trend is downward and therefore most traders will look to sell USDJPY on rise above 115 level for a dip below 114.50 level.
RSI is a bit lower in daily charts still has enough space. In hourly charts RSI is around 50 and will support the move in both directions. We might see USDJPY take a rise from 114.50 level again.
Trade: Sell USDJPY @ 115.23 for Profit Level @ 114.63 and Stop Loss @ 115.53 Target is at 114.38
chart analysis
Technical Analysis for Major Currencies
EURO/USD
USD/JPY
The Japanese yen moved up yesterday to stop at 115.30s resistance level since it couldn't brake out the 114.40s support level, which is critical support. Today we expect Japanese Yen to reach again to 114.40s support level.
The general trend is supposed to be down so far.
The key resistance for the Japanese yen will be at 119.60s and key support is at 114.30.
Support: 114.80, 114.65, 114.43, 114.21, 113.94
Resistance: 115.05, 115.22, 115.48, 115.73, 115.94
Recommendation: we expect Selling USD/JPY below 115.05 with a target at 114.50 and stop loss above 115.65.
Technical Analysis for the other Major Currencies
FREE ALERT FROM THE MAJOR PAIR EUR/USD - Euro Dollar
EUR/USD - Euro Dollar
Short term (Intraday)
1,3307. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum. The target is expected at 1,3500.
=> We could take a long position at 1,3300. We will put the stop loss below 1,3260 (-40 pips). The targets are 1,3350 (+50 pips) 1,3380 (+80 pips) 1,3400 (+100 pips) 1,3500 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,3320 - 1,3330 - 1,3350
Supports
1,3275 - 1,3260-
alert frm other pair