During early trading on February 25, there were
no major moves on currencies and metals but we found some opportunities for
trading. We also found some of the opportunities we expect to trade during the
day as follows
EURUSD waiting to complete the decline to buy
again
The pair is currently trading above the 50-day
average but we have a distinct negative direction from the RSI as well as the
lack of momentum on the pair as indicated by the trend of the MACD developed
while trading within the areas of resistance is currently important to push the
pair to fall towards the main support levels It starts at 1.12762 and ends at
1.12305
So far we can not venture to enter into long
positions on the pair during the early trading and technical conditions are not
completed to enter into a sell on the pair so we prefer to remain neutral now
and until the opening of London and New York to get a better picture of the
orientation of the husband this week
Trading Recommendation
Stay neutral now
With pending purchase orders from the following
levels
1.1276
1.12457
1.12305
With profit taking in three stages as follows
Take the first profit 1.14200
Take Second Profit 1.1500
Third profit taking
Gold VS EUR and pending sell orders during the
week
Last week we saw a decline in gold against the
euro from the 1187 peak which recorded towards the first support area 1167 and
with the opening of the markets today we find a new attempt of gold against the
euro to rise towards that summit again, but although the RSI is positive that
we are trading areas of resistance Gold may push against the EUR to drop back
into support areas beyond 1167 so we would prefer to have the right opportunity
to open short positions and not buy now
Trading Recommendation
Stay neutral now and do not enter into gold
buying deals against the Euro
With outstanding sale orders placed on the
following levels
1187
1200
Profit areas in two stages
Make the first profit at 1150
Make a second profit at 1080
Buy EUR vs. CAD: Goals This Week
During the early trading, the pair started to
show positive signs of the RSI from a clear 4-hour sell-off based on strong
support at 1.47, trying to re-trade the highest 50-day averages
Trading Recommendation
Buy the pair from the current levels 1.4906
First profit taking
Second profit taking 1.5 million
Buy Dollar vs. Canadian: Goals are within the
range possible
During the early trading, the pair started to
show positive signs of the RSI from a clear 4-hour sell-off based on strong
support at 1.3122, attempting to re-trade the highest 50-day averages
Trading Recommendation
Buy the pair from the current levels 1.3140
First profit taking
Second profit taking 1.32000
My recommendations and analysis can
be tracked through
My official website
Twitter
Facebook
0 Comments