forex trading tips for 10 may 2013

forex trading tips for 10 may 2013


eur/usd forex trading tips for 10 may 2013

euro dollar currency pair trading at 1.3105 with loss.on h4 chart euro tumbling down and reaching major support on chart once again as dollar getting strength back.above 1.3085 hold long view but slips below this or closed below it then downward cycle may trigger for this currency from short term view.

gbp/usd forex trading tips for 10 may 2013

pound dollar pair trading at 1.5489 with also same picture and pound with sharp profit booking heading towards major support zone of 1.5460 so watch for that.if breaks downward cycle will start for pound and expect sharp selling pressure upto 1.53 while as trading above it currently if shows reversal from support then must buy for once again short covering.

usd/jpy forex trading tips for 10 may 2013

yen dollar pair trading at 99.79 with gains.her yen continues its weak trend and achieved 99.48 target and now heading towards 100.4 which is next target here with stoploss/support of expect we may see 100 to 102 levels till end of this week here.

usd/chf forex trading tips for 10 may 2013

franc dollar pair trading at 0.9434 with we seen reversal and breakout above major resistance of 0.9366.her pair s trading near target of on downside 0.94 is now support zone and above this strategy remain buy on dips as dollar given clear reversal against all major currencies.

usd/cad forex trading tips for 10 may 2013

usdcad currency pair trading a1.0028 with flat and consolidating traders must follow accumulation strategy for now as us dollar getting strength any time we may see rally will set up here.on upside 1.0060 and 1.0084 remain as upside targets for very short term on downside stoploss remain below 0.9980.

usd/sek forex trading tips for 10 may 2013

usdsek currency pair trading at 6.5189 with momentum is clearly building for dollar and 6.48- to 6.50 was accumulation zone with stoploss below 6.46 and expect 6.56 to 6.58 levels as target zones.current level risk reward is not favorable so buy and accumulate on declines only.

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Pramod Baviskar

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