Online Currency Trading Blog » daily review

Buy EUR/AUD

admin — Wed, 27 Oct 2010 09:28:46 +0000

Daily Recommendation 27/10/2010

Buy EUR/AUD @ 1.4218

SL @ 1.4030

TP1 @ 1.4270

TP2 @ 1.4420

TP3 @ 1.4580

All forex trading analysis is based on the daily chart

Last price: 1.4218

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Sell AUD/USD

admin — Mon, 18 Oct 2010 09:59:48 +0000

Daily Recommendation 18/10/2010

Sell AUD/USD

Sell AUD/USD @ 0.9827

SL @ 0.9925

TP1 @ 0.9790

TP2 @ 0.9720

TP3 @ 0.9630

All forex trading analysis is based on the daily chart

Last price: 0.9827

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Buy USD/CHF

admin — Tue, 12 Oct 2010 09:29:26 +0000

Daily Recommendation 12/10/2010

Buy USD/CHF

Buy USD/CHF @ 0.9675

SL @ 0. 9530
TP1 @ 0.9725
TP2 @ 0.9790
TP3 @ 0.9870

All forex trading analysis is based on the Daily chart

Last price: 0.9675

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Sell AUD/USD

admin — Mon, 04 Oct 2010 11:05:06 +0000

Daily Recommendation04/10/2010

Sell AUD/USD

Sell AUD/USD @ 0.9685

SL @ 0.9750
TP1 @ 0.9650
TP2 @ 0.9610
TP3 @ 0.9560

When analyzing the forex trading pair on daily chart ,we can see that the pair had strengthen during the last 2 weeks without any major correction.

The long trend is up however we should expect some correction (retracement) and the following levels offer these terms.

Last price: 0.9683

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Buy EUR/GBP

admin — Tue, 28 Sep 2010 01:07:39 +0000

Daily Recommendation 27/09/2010

Buy EUR/GBP

Buy EUR/GBP @ 0.8510

SL @ 0.8380
TP1 @ 0.8560
TP2 @ 0.8630
TP3 @ 0.8720

According to the daily chart, the pair has performed a pennant which signals for a long position.
The MACD that the break will probably occur.

All Forex Trading analysis is based on the daily chart.

Last price: 0.8510

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Sell EUR/AUD

admin — Mon, 20 Sep 2010 09:58:26 +0000

Sell EUR/AUD @ 1.3845

SL@ 1.3920
TP1@ 1.3790
TP2@ 1.3750

According the 1 hour and 45 hour chat, the pair is continuing its downward trend, performing lower highs and lower lows.

All Forex Trading analysis is based on the 1 hour and 4 hour charts.

Last price: 1.3845

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Buy EUR/USD

admin — Wed, 15 Sep 2010 00:06:39 +0000

Limit order:

Buy EUR/USD @ 1.2930

SL@ 1.2870

TP1@ 1.3045

TP2@ 1.3195

When analyzing the Daily and hours and 4 hours charts we see a double bottom (“W”).

This is a classic pattern which with the right volume can breakout and create big move.

There is also resistance @ the level of 1.2900 (this is round number “00” psychological number) and also another support @ 1.2925 level.

The pair also has support at the 23.6% – 1.2845 Fibonacci levels.

If the EUR/USD will breakout , Entrance @ 1.2930 offers a good opportunity to catch the trend.

Bear in mind the that EUR/USD might correct some of yesterday movement to the 38.2% – 1.2815 Fibonacci levels before it returns to it’s uptrend.

All Forex Trading analysis is based on the 4 hour and the daily chart.

Last price: 1.2898

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Sell EUR/CHF

admin — Wed, 08 Sep 2010 08:20:40 +0000

Limit order:

Sell EUR/CHF @ 1.2793

SL@ 1.2840

TP1@ 1.2740

TP2@ 1.2705

The pair has been declining for the past few weeks.

The daily and the 60 min chart show a clear decline and the pair is trading under the pivot line. There might be a correction to the 23.6% Fibonacci retracement line @ 1.2885 or even to the 38.2% Fibonacci retracement line @ 1.2927. However in case the pair will continue to decline

Entrance @ 1.2793 offers a good opportunity to catch the trend.

All Forex Trading analysis is based on the 1 hour and the daily chart.

Last price: 1.2830

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BUY GBP/AUD

admin — Wed, 08 Sep 2010 02:06:09 +0000

BUY GBP/AUD @ 1.6880

SL @ 1.6700

TP1 @ 1.6960

TP2 @ 1.7050

TP3 @ 1.7130

All analysis is based on the Daily chart.

Entry Level: 1.6880

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BUY EUR/GBP

admin — Mon, 06 Sep 2010 08:29:13 +0000

BUY EUR/GBP @ 0.8345

SL @ 0.8240

TP1 @ 0.8395

TP2 @ 0.8460

TP3 @ 0.8530

All analysis is based on the Daily chart.

Entry Level: 0.8345

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