EURUSD setting itself for a dip

EURUSD (1.2727)

EURUSD seems to be setting itself for dip and it seems that 1.2800 seems a very good selling level. The initial target seems 1.2600 level and some traders might look to target 1.2500 level. The traders will be quite keen to sell EURUSD around this level as it seems that once EURUSD managed to break below 1.2700 level, we might see an extended dip by EURUSD.

  

TRADE:

Sell EURUSD @ 1.2800 for Profit Level @ 1.2600 with Stop @ 1.2860

USDCHF gathering momentum

USDCHF seems to be gradullay heading towards 1.000 level and currently seems to be picking up the momentum. The traders will be looking to currently sell USDCHF on rise to 1.0300 level for a nice trade towards 1.0210 level. If USDCHF manages to break above 1.0300 level, then the next level, especially for long term traders will be 1.0390

  

TRADE:

Sell USDCHF @ 1.0290 for Profit Level @ 1.0215 with Stop @ 1.0430

EURUSD heading towards 1.3350 level

EURUSD (1.3291)

EURUSD seems to be moving in a nice upward trend and this trend seems to continue in the next coming days and it seems that it will try to break above 1.3350 level early nest week. What traders will be currently looking to do is to capture this move by Buying EURUSD for retracement dips around 1.3180 level. RSI seems a bit on the higher side but will open once EURUSD takes a bit of retracement and also will have enough space for EURUSD to make another move towards 1.3350 level.

  

TRADE:

Buy EURUSD @ 1.3180 for Profit Level @ 1.3350 with Stop @ 1.3120

USDJPY looking to continue momentum

USDJPY (86.47)

USDJPY is moving in a nice gradual downward trend, Currently traders will look to sell USDJPY on rise to retracements. Currently such good level can be seen around 87.25 level. Selling around this level for initial target around 86.00 level, break of which will set 84.50 as next target for USDJPY. The retracement don’t seems to extend too much above 87.50 level as USDJPY is moving in a nice trend.

  

TRADE:

Sell USDJPY @ 87.25 for Profit Level @ 86.00 with Stop @ 87.75

GBPUSD looking to continue its momentum

GBPUSD (1.5204)

GBPUSD is moving in a nice upward trend and seems to continue this momentum and currently traders will look to buy GBPUSD on dips around 1.5560 level. And if the dip is extended by GBPUSD, then another good buying level can be seen around 1.5450 level. RSI is a bit on the higher side but still I see GBPUSD making a move towards 1.5675 level.

  

TRADE:

Buy GBPUSD @ 1.5560 (buy again @ 1.5450 if required) for Profit Level @ 1.5675 with Stop @ 1.5400

GBPUSD looking to take retrace towards 1.4800 level

GBPUSD (1.4920)

GBPUSD is looking to take a dip below 1.4800 level at the moment and traders will be looking to sell GBPUSD for anything above 1.5000 level. GBPUSD might look to resume its upward trend from 1.4800 level and therefore traders will look to reverse their positions by buying around 1.4800 level. RSI is also in the middle and will support market movement in both direction and thus don’t give any indication of direction. Use of small stop might also come handy.

  

TRADE:

Sell GBPUSD @ 1.5015 for Profit Level @ 1.4800 with Stop @ 1.5065

GBPUSD gathering further momentum

GBPUSD

GBPUSD seems to be gathering further momentum and it current target seems around 1.5125 level and once GBPUSD manages to break above that level, it will be looking to target 1.5300 level. Conservative traders might look to buy GBPUSD on dip below 1.5000 level and from there will look to target somewhere around 1.5300 level.

Recommended Trade:

Buy GBPUSD @ 1.4935 for Profit Limit @ 1.5300 with Stop @ 1.4835

GBPUSD (1.4708)

It seems that GBPUSD might look to take a dip and traders will hope to get it just above 1.4800 level for a intra-day trade towards 1.4700 level. Keeping the current scenario in view, I don’t expect GBPUSD breaking into any side during this week. The same psychology will be affecting clients at the moment and therefore they will be more focused in short term trades.

  

TRADE:

Sell GBPUSD @ 1.4805 for Profit Level @ 1.4705 with Stop @ 1.4845

GBPUSD looking to target 1.4885

GBPUSD (1.4732)

GBPUSD is looking to target 1.4880 at the moment and that will complete long term retracement for GBPUSD. 1.4880 level will also be important because GBPUSD might resume downward trend from there and in case GBPUSD manages to break that level then we will be looking at GBPUSD heading above 1.5000 level. Currently traders will look to buy GBPUSD around 1.4675 level for nice intra-day trade.

  

TRADE:

Buy GBPUSD @ 1.4675 for Profit Level @ 1.4850 with Stop @ 1.4625

GBPUSD around important level

GBPUSD (1.4551)

GBPUSD is looking to get back into the long term downward trend. The situation is getting a bit confused for the conservative traders. Aggressive traders will be looking to sell GBPUSD on rise for retracement around 1.4675 level with a short stop. GBPUSD might take another rise towards 1.4900 level  and then resume long term trend again. Intra-day traders will look to hold back a bit for GBPUSD to settle back into downward trend.

  

TRADE:

Sell GBPUSD @ 1.4675 for Profit Level @ 1.4525 with Stop @ 1.4725

GBPUSD looking to target 1.4885

GBPUSD (1.4729)

GBPUSD manages to break above 1.4700 level yesterday and the movement seems to continue towards 1.4885 level. Around 1.4900 level, we will see GBPUSD tested by weekly resistance as well as GBPUSD will be touching long term Moving Average. If GBPUSD manages to break above 1.4900 level, then the long term upward trend will be confirmed and we will be looking at only buying GBPUSD after that. Currently traders will look to buy GBPUSD for targets around 1.4885 level and once GBPUSD gets there, aggressive traders might opt to sell with stop and conservative traders might choose to stay back and let GBPUSD settle on its trend.  

TRADE:

Buy GBPUSD @ 1.4705 for Profit Level @ 1.4885

GBPUSD (1.4505)

GBPUSD is currently taking some retracement at the moment and will look to resume its downward move again soon. The market, especially EURUSD is on very lower levels and this is creating a sense of panic among the people that the market might look to reverse itself. For this reason we are looking small movements in both directions.

TRADE:

Sell GBPUSD @ 1.4545 (Sell again @ 1.4615 if required) for Profit Level @ 1.4425 with Stop @ 1.4665

DAILY CHART:

GBPUSD (1.4454)

GBPUSD seems to be getting back into its downward trend after taking long term retracement and it seems that it might look to now take a dip below 1.4000 level. Traders will be currently looking to sell GBPUSD for anything above 1.4500 level and most preferably around 1.4550 level.

The initial targets will be around 1.4250 level and break of that will certainly open up targets below 1.4000 level. RSI, in daily charts, also have opened up enough for GBPUSD to make a dip towards 1.4000 level.

TRADE:

Sell GBPUSD @ 1.4535 (Sell again @ 1.4660 if required) for Profit Level @ 1.4235 with Stop @ 1.4720

Small trading range for USDJPY

USDJPY (91.38)

USDJPY is settling in an upward trend and Intra-day traders might look to trade with a small stop. Currently such level is around 90.95 for buying USDJPY. Use of small stop is recommended because USDJPY might look to resume its long term downward trend but currently it seems that USDJPY is taking correction for 93.50 to 89.00 leg.

TRADE:

Buy USDJPY @ 90.95 for Profit Level @ 91.55 with Stop @ 90.60

DAILY CHART:

EURUSD looking to resume its trend

EURUSD (1.2313)

EURUSD is currently taking retracement at the moment and seems to be setting for a nice downward dip and traders will be focusing selling EURUSD around 1.2350 level. Initial target can been seen around 1.2125 level and this can further extend towards 1.2000 level. RSI has also opened up considerably and thus will support good dip by EURUSD.

TRADE:

Sell EURUSD @ 1.2350 for Profit Level @ 1.2150 with Stop @ 1.2420

DAILY CHART:

EURUSD setting up for another dip

EURUSD (1.2257)

EURUSD is moving nicely and gradually towards 1.2100 level and taking good retracements as well. The retracements not only allowing EURUSD to open up RSI but also traders, especially Intra-Day traders to enter the market for nice intra-day trades. The current retracement might extend to 1.2350 level and that will be an ideal level for Intra-day traders to sell EURUSD for a nice trade.

TRADE:

Sell EURUSD @ 1.2350 for Profit Level @ 1.2150 with Stop @ 1.2420

DAILY CHART:

GBPUSD looking to target 1.4235

GBPUSD is moving in a nice downward trend and this trend seems to continue and currently it seems that trades will be looking to sell GBPUSD around 1.4415 level for a nice intra-day trade towards 1.4235 target. RSI is a bit on the lower side but still seems to have more than enough space to make a move towards 1.4235 level.

TRADE:

Sell GBPUSD @ 1.4415 for Profit Level @ 1.4235 with Stop @ 1.4465

DAILY CHART:

USDJPY looking to continue its trend

USDJPY (90.04)

USDJPY seems to have settled in a nice downward trend and it seems to stay that way and currently USDJPY has taken some very good retrace and mostly trades will be aiming to sell USDJPY around 90.35 level for a nice dip towards 89.25 level. Break of 89.5 level will set 88.35 as next target for USDJPY. RSI was a little bit on the lower side but the retracement has opened up RSI enough for USDJPY to take a comfortable dip below 89.50 level.

TRADE:

 

Sell USDJPY @ 90.35 for Profit Level @ 89.25 with Stop @ 91.20

DAILY CHART:

EURUSD being traded sideways

EURUSD seems to have caught in a sideways range after a good sharp dip and it seems that it is mostly due to the fact that RSI was on the lower side and trading sideways along with small retracements will help EURUSD to open up the RSI. Once the RSI will have some space, then we might see EURUSD making another attempt towards 1.2100 level. Currently intra-day traders will be looking to sell EURUSD around 1.2410 level for a nice dip towards 1.2300 level.

TRADE:

Sell EURUSD @ 1.2415 for Profit Level @ 1.2280 with Stop @ 1.2465

DAILY CHART:

Oversold GBPUSD looking to keep the momentum

GBPUSD has taken a very good dip and also have move in a nice downward trend. The downward trend seems to stay intact and we might see another dip by GBPUSD. The next dip by GBPUSD might be limited by the low value of RSI and this might also cause GBPUSD to take some retracement as well. The current retracement might go as high as 1.4840 and in that case will offer some very good trade entries. Aggressive traders might look to enter below that level as well.

TRADE:

Sell GBPUSD @ 1.3540 for Profit Level @ 1.3780 with Stop @ 1.4260

DAILY CHART: