FXstreet.com

The Best Cross to Trade now

8

0

GBPAUD

Wed, Sep 16 2009, 06:32 GMT
by Rajoo C

Precise Trader


FREE 1 week Trial

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

Best Cross GBPAUD

Market Insight

The  Hourly Trend is  Sideways Down  while 19170  level holds. AUD  is the Strongest Cross and GBP  is the Weakest Cross now during Asian Session .The Hourly Oscillators are Bearish but Oversold but ADX  is Rising with the price falling and the price is Below  the MA. On the 5 min the Oscillators are Oversold with Divergence but ADX is falling which gives hope some pullback. We believe any  pull back near 19065-19120  area  should be an opportunity for the bears. GBPUSD  is trading within Zone 1 and AUD is trading above the Res Zone 1 which supports our analysis.

Patterns

We believe that AUD is strong against at least 3 crosses but neutral against the others  and  should kiss the previous high 8685-8755. GBPAUD  is creeping lower and  has not reached its price target 18935-18730.The price has breached  the previous low of 19060 level.

Today’s Strategies

We prefer to SHORT  near 19065-19120  with a STOP @ 19175  with a profit target of 18935-18830 levels. Do not hold this trade more than one day  and use  trailing stop as it is in the final leg of the down move.


Archive

  • 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
  • EURUSD
    Published On Fri, Nov 13 2009, 06:24 GMT
  • [ View All ]

Precise Trader Pte. Ltd  | 13-84 Office Tower 2, The Central, 8 Eu Tong Sen Street. 059818 Singapore
http://www.precisetrader.com/ | info@precisetrader.com

Legal disclaimer and risk disclosure

Day trading in Foreign Exchange or Forex is risky. Losses can be significant. Past results are not indicative of future returns. Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. The content on this site is aimed solely for the use of EXPERIENCED investors in the foreign exchange market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in Day trading. Your use of the information is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any information mentioned herein. Furthermore, PreciseTrader.com does not warrant or guarantee the accuracy, timeliness or completeness of its service or information contained therein. PreciseTrader.com does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it has provided. Users are trading at their own risk and PreciseTrader.com shall not be responsible under any circumstances for the consequences of such trading activities. PreciseTrader.com and its affiliates, in no event, will be liable to users or any third party for any consequential damages, however arising, including but not limiting to damages caused by negligence whether such damages were foreseen or unforeseen. All information provided in the service is proprietary to PreciseTrader.com and may not be copied or redistributed without prior written approval of PreciseTrader.com. PreciseTrader.com shall not be liable for any damages or costs arising out of your use of any of the services or companies accessed through the linkage to our web site over the Internet.

Related reports

Daily Video Recap - Greenback Extends Gains Heading into Weekend by CMS Forex
Sun, Nov 22 2009, 22:21 GMT

U.S. Forex Market Commentary by GCI
Sun, Nov 22 2009, 22:11 GMT

Weekly Focus - Squaring positions by Danske Bank A/S
Fri, Nov 20 2009, 16:45 GMT

Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT

Weekly Market Commentary - The trend to lower interest rates continues by Mizuho Corporate Bank
Fri, Nov 20 2009, 15:48 GMT

gbpaud, highlighted, gbpusd, techexclusive

View All

Related content

Forex: Dollar slightly up despite gold
FXstreet.com | Sun, Nov 22 2009, 23:31 GMT

Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT

Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT

Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT

Canada Afternoon: C$ Ends Lower Amid Subdued Risk Sentiment
Dow Jones | Fri, Nov 20 2009, 21:12 GMT

gbpaud, highlighted, gbpusd, techexclusive

View All

Interested in forex trading? forex brokerage firms!


MG Financial Group
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal 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 trade 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.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.