EUR/USD Trading April 26, 2013
The immediate resistance value for the pair is 1.3184. Likewise, I see support only at the 1.2934 levels. Keeping in tune with this definite math, the price of the pair has been moving aimlessly in between these two points since the past few trading sessions. It is tough and foolhardy to come up with any kind of predictions on the expected movement of the price – as of this post. Most of the Asian indexes are up. Keep a strict stop loss and target for the trades that you will be initiating through out the day. Consider how the price has been flirting with the mid-point of the above-mentioned support and resistance values (this mid-point value lies in between 1.3055 and 1.3065).
Nifty Futures Trading April 26, 2013
The immediate resistance value for the price of the contract is 5935. Likewise, the immediate support value is 5785. The price will try to remain in between these two points for the day unless heavy buying interest steps in and makes the price to surge through the resistance value 5935. Take trading positions accordingly. Always keep a stop loss for the trades. On the international news front, the Japanese index has been gaining throughout the trading session. The prices of the Samsung stocks fell after the announcing of the results. Additional reports are also expected to hit the news headlines from China.
Nifty Futures Trading April 25, 2013
Update 1 (04:25GMT): As of this post, the contract has made a high of 5905 and 5878.55. I would recommend looking out to establish new long positions in between 5870 and 5880. Any break of the 5870 level signifies weakness and we can see a further depreciation in the price.. The Kospi has risen on the basis of the forecast beating GDP numbers. The Taiwanese index is experiencing slight downward pressure because the tourism related stocks are weak – partly due to the first case of Avian flu coming from different news sources. The Asian traders are also awaiting for the Bank of China and Bank Of Communications results – these will be available shortly..
EUR/USD Trading April 24, 2013
Update 1 (0552 GMT): As of this post, the pair has managed to make a high of 1.3011 and a low of 1.2994. Although it is inappropriate to provide trade recommendations at this stage, I would ask trades to place long trades only above 1.3020. Trade with tight stops. Swift and jerky movements in the price has been taking place since yesterday. Data from France helped in taking the prices to newer highs; however, the sad plight of industrial data from Germany managed to take the prices to 1.2970 levels on the previous trading session.
EUR/USD Trading April 23, 2013
Erratic movements in the price has been taking place in this particular trading instrument. Right now, the price surged more than 30 pips without any news flow. 1.3060 should hold the price for the time being. Take long or short positions based on where the price is staying relative to this particular point.
EUR/USD Trading April 22, 2013
06:09GMT : I would recommend holding on to long positions as long as the price sustains above 1.3070. Please bear in mind that we are seeing a lot of news based price movement in this particular pair.. Increasing the range of stop losses is not going to help and will lead to deeper losses only..
Nifty Futures Trading April 22, 2013
04:15 GMT: Consider taking short positions only if a breach of 5805 occurs. Else, hold on to your long positions with a stop loss of 5805.