Login | Register | Contact Us
 
About Us
Products
Contact Us

 
 
Intraday Trading Calls
Last Updated : 2009-09-07 04:10:42 AM
FOREX & Commodities Trading Ideas. 7th Sep 09

GBPUSD is trading on the resistance of 1.6450 where it can face some selling. The next higher resistance comes at 1.6550. Lower support levels for the cable come at 1.6280/1.6180 where buyers become active.

EURUSD also trades near the resistance levels of 1.4370 and can face selling from here until 1.4220 as it is moving in the trading range on the daily charts.

AUZUSD which was given a buy near 0.8250 gained well and has broken the resistance levels of 0.8470. We foresee the next targets of 0.8690/0.8800 in the coming sessions.

Best to go short will be EURAUZ as AUZ looking strong when compare to the EUR and thus the cross looks weaker. One can sell near 1.6800 with stops above 1.6870. Targets are 1.6570/1.6500.

GOLD as expected is facing continuous buying and trades near $995 levels. We may see a mild profit taking here until the strong support levels of $970 to $975 where one can place a buy with stops just below $968. Break above $1030 will bring massive short covering until $1200 levels.

Crude still maintains above the support levels of $67 and can see some bounce towards the resistance levels of $69.35/71.25. Break below $66.50 will be bearish and then the lower support comes at $65/62.60

On the basis of technical analysis we have identified the above mentioned trading calls which can be implemented on your intraday trades with stop loss as indicated on each trading call. These calls are valid only for one trading session and for the next day we come out for fresh calls again. Intraday trading calls are updated every morning 9.45 to 10.15 (Dubai Time)

We also give online trading calls as and when the opportunity is seen on FOREX, Socks and Commodities through yahoo messenger. If you are interested then add our yahoo id macresearch in your yahoo messenger and send an add request.

If you do not have yahoo messenger installed then follow the under mentioned steps

  1. First download the yahoo messenger http://messenger.yahoo.com/
  2. Add our yahoo id macresearch in your yahoo messenger.
  3. Message us and we will add your id in the list.

 

Disclaimer:
There is a risk of financial loss in FOREX and Commodities trading. It takes hard work to have success. Please use sound money management when trading in FOREX and Commodities. Nothing on these trading calls or report is intended to be a trading recommendation to buy or sell Currencies and commodities. All information on trading recommendation will be obtained by the process of technical analysis, but accuracy is not guaranteed. Traders and readers are solely responsible for how they use the information.

 
© All rights reserved by MAC