forex trading tips for 9 may 2013

forex trading tips for 9 may 2013


eur/usd trading tips for 9 may 2013

euro dollar currently trading at 1.3171 with gains for today.on h4 chart taken support of 1.3080 and now moving towards upside target of 1.3210 above that next target will be 1.3345.on intraday basis trend and momentum bullish for euro and above 1.3080 follow buy on dips and keep upside targets for tomorrow.

gbp/usd trading tips for 9 may 2013

pound dollar currently trading at 1.5563 with also after sharp correction pound taken support at 1.5440 and now moving towards hit high at 1.5592 and achieved target now show some correction but these must be used for long accumulations.above 1.5595 expect next target at 1.5750 on downside 1.5440 as major support zone.

usd/jpy trading tips for 9 may 2013

yen dollar currently trading at 98.88 with loss.on h4 chart usdjpy pair trending towards major support zone of 98.3 and watch here if takes support we will see 100 to 110.4 as upside target zones in upcoming time.for tomorrow wait and watch remain as trading strategy.on upside 99.45 is small resistance zone on chart.

usd/chf trading tips for 9 may 2013

us dollar vs swiss franc trading at 0.9350 with loss as dollar going usdchf pair tumbled below major support and below 0.9370 strategy remain sell on rise and expect 0.9270 as first downside target zone.trend is down for us dollar and momentum is favor of strong franc.on downside 0.9335 will be intermittent small support.

usd/cad trading tips for 9 may 2013

us dollar vs canadian dollar currency pair trading at 1.0030 with loss and continues canadian dollar gaining its strength and us dollar index going soft on 1.0025 is support and below that next target zone moved to 0.9925.while 1.0130 overall strategy remain sell on rise for us dollar.on h4 chart this pair trading at new low and that support upcoming weakness for us dollar.

usd/sek trading tips for 9 may 2013

us dollar vs swedish krona pair trading at 6.4966 with also same picture and pair tumble below major support as us dollar showing supply below 1.5150 hold sell on rise view and expect 6.4495 as downside first target below that next target will be 6.3850.

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Pramod Baviskar

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