forex trading tips for 7 may 2013

forex trading tips for 7 may 2013

eur/usd trading tips for 7 may 2013

eurusd pair currently trading at 1.3070 with loss.in last hour we seen sell of here on news flow.on h4 chart trading at major support of 1.3075.if breaks down below this we expect 1.2950 as downside target for tomorrow.so currently wait and watch if breaks decisively then go short and wait for downside target.below this intraday trend and momentum for euro become sell.if hold supports then take long view and keep upside target at 1.32 with stoploss.

gbp/usd trading tips for 7 may 2013

gbpusd pair trading at 1.5531 with loss for today.here outlook is negative for pound and for tomorrow with stoploss of 1.5590 hold shorts view and expect 1.5430 as first downside target if breaks 1.5430 on closing basis then downward cycle will start for pound and strategy remain sell on rise.we seen double top near 1.5590 on h4 chart which eventually broke down.

usd/jpy trading tips for 7 may 2013

usdjpy pair trading at 99.34 with gains.on h4 chart above 98.2 support zone strategy remain buy on dips and traders must keep upside targets at 100.1 and then 102.always buy near support and keep stoploss below 98.after consolidation and correction yen once again ready for big dip??

usd/chf trading tips for 7 may 2013

usd/chf pair trading at 0.9392 with gains.here just now taken support and given bullish breakout.for now traders keep long view and keep stoploss below 0.9350 and expect 0.9450+ levels in next 12-16 hours!!momentum and trend is bullish for us dollar on supporting news flow!!

usd/cad trading tips for 7 may 2013

usd/cad pair trading at 1.0085 flat.on intraday chart trend and momentum is strong for canadian dollar.and below 1.0155 keep sell on rise view.on downside 1.0050 is first target which is achieved in last trading session and may be us dollar slips below it in next session.all intraday indicators still in sell side.

usd/sek trading tips for 7 may 2013

usd/sek pair trading at 6.5335 with gains.on intraday h4 chart taken support at 6.5125 and moved in bullish zone on account of stronger dollar.on chart 6.58 is first target on upside and long side traders keep stoploss below 6.51 for all intraday long positions.

Updated: February 25, 2014 — 5:50 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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