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GBPNZD

Thu, Sep 3 2009, 06:14 GMT
by Rajoo C

Precise Trader


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Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 9 Crosses- USD Majors, USD Minors & JPY Crosses.

GBPNZD

Market Insight

The Hourly Trend is Sideways Up while 23900 level holds. NZD  is the Strongest Cross and   is  GBP  is one of the  Weakest Cross now during Asian Session .The Hourly Oscillators are bullish but Overbought  ADX falling with the price and the price is approaching the MA. GBPUSD  is trading  at Res Zone 1 but we believe the upside  may be  limited and NZDUSD is trading above Res  Zone 1. GBPNZD is breached the Sup Zone 1. We believe it is due for some correction and should have some pullback downside.

Patterns

We believe the Hourly Price has topped for some pullback and to support our statement the price should not trade above 24225-60 levels. As we are trading on the assumption of the pullback for correction Cautious approach is needed.

Today’s Strategies

We prefer to SHORT near 24140-24200 with a STOP @ 24265 with a profit target of 24030-23990 levels. This has to be a fast trade as we are trading on pullback.


Archive

  • GBPCAD
    Published On Mon, Nov 23 2009, 06:33 GMT
  • EURAUD
    Published On Fri, Nov 20 2009, 06:33 GMT
  • NZDJPY
    Published On Thu, Nov 19 2009, 06:27 GMT
  • GBPAUD
    Published On Tue, Nov 17 2009, 06:11 GMT
  • EURSGD
    Published On Mon, Nov 16 2009, 06:17 GMT
  • [ View All ]

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