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The Best Cross to Trade now

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GBPAUD

Wed, Sep 9 2009, 05:49 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.

Best Cross

Market Insight

The Hourly Trend is Turning Up while 19060 level holds. GBP is the Strongest Cross and  AUD  is the Weakest Cross now during Asian Session .The Hourly Oscillators are   turning bullish with  ADX getting ready to rise with the price and the price is Below  the MA on the Hourly but above on the 5 min. GBPUSD  is trading  near Res Zone 1 but we believe it will break  and AUDUSD  is trading  near the Sup  Zone 1 but we believe it will give way soon. GBPAUD has breached the Res Zone 1 which supports our analysis.

Patterns

We believe the Hourly Price has turned up and it should test the U turn Zone 19315 - 19365 level, to support our statement the price should not trade below 19160-19125 levels. GBP trade balance is out today.

Today’s Strategies

We prefer to LONG near 19160 with a STOP @ 19080 with a profit target of 19315-19365 levels. Trade strictly by the rules as the price has one more pullback to the Downside before any significant move Up.


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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