Daily FX Trade Analysis
This report has been deactivated
Daily FX Trade Analysis
Tue, Dec 2 2008, 04:17 GMT
by Mark Ryan Zeidus
Z2FX | View company's profile
Daily alerts will be back after the weekend
EURUSD looking to target below 1.2400 level
EURUSD
EURUSD has moved back nicely into its dowward trend and this trend seems to extend well below 1.2400 level. RSI in daily charts is also above 43 and have very much space for EURUSD to move below 1.2400 level.
Currently a good selling can be seen at 1.2685 for intial target at 1.2560 level which most traders will look to extend to 1.2400 level.
In case EURUSD rise to 1.2800 level, the second sell at 1.2800 to average both positions will be a very good opportunity.
Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2685
Trade 2: Sell EURUSD @ 1.2800
Profit Target 1: 1.2560
Profit Target 2: 1.2400
Published on
Thu, Dec 11 2008, 06:27 GMT
Archive
- USDJPY (88.40)
Published On Wed, Mar 3 2010, 19:49 GMT
- USDCHF (1.0733)
Published On Sat, Feb 27 2010, 14:09 GMT
- EURUSD (1.3573)
Published On Tue, Feb 16 2010, 13:16 GMT
- NZDUSD (0.7034)
Published On Tue, Feb 16 2010, 12:45 GMT
- Daily FX Trade Analysis
Published On Fri, Feb 12 2010, 04:00 GMT
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Legal disclaimer and risk disclosure
Risk Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and
may not be suitable for all investors. The high degree of leverage can
work against you as well as for you. Before deciding to invest in
foreign exchange you should carefully consider your investment
objectives, level of experience, and risk appetite. The possibility
exists that you could sustain a loss of some or all of your initial
investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with
foreign exchange trading, and seek advice from an independent
financial advisor if you have any doubts.
There is considerable exposure to risk in any foreign exchange
transaction. Any transaction involving currencies involves risks
including, but not limited to, the potential for changing political
and/or economic conditions that may substantially affect the price or
liquidity of a currency.
Moreover, the leveraged nature of FX trading means that any market
movement will have an equally proportional effect on your deposited
funds. This may work against you as well as for you. The possibility
exists that you could sustain a total loss of initial margin funds and
be required to deposit additional funds to maintain your position. If
you fail to meet any margin call within the time prescribed, your
position will be liquidated and you will be responsible for any
resulting losses.
The information is provided for informational purposes only and is not
intended to provide specific financial, investment, tax, legal or
accounting advice for you, and should not be relied upon in that
regard. You should not act or rely on the information without seeking
the advice of a professional. Your financial advisor can help to
ensure that your own circumstances have been properly considered and
that action is taken on the latest available information.
Past performance is not indicative of future performance. The value of
investments can fall as well as rise and investors may not get back
the amount originally invested. An investment in a currency other than
the investor's own base currency will be subject to the movement of
foreign exchange rates which may cause an additional favorable or
unfavorable change in the value of the investment. Interest rates,
market conditions, special offers, tax rulings, and other investment
factors are subject to sometimes rapid change.
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