TradeCuts: GBPUSD - Dipping Down (May 10th)
After see saw battler for last few days USD showed some strength Thursday and did gained over GBP/USD. Expect USD to keep the momentum as week winds up.
For Intraday Trader BUY USD at dips
Outlook - GBP/USD Short
Sardar Uddin
TradeCuts
After see saw battler for last few days USD showed some strength Thursday and did gained over GBP/USD. Expect USD to keep the momentum as week winds up.
For Intraday Trader BUY USD at dips
Outlook - GBP/USD Short
Sardar Uddin
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TradeCuts: GBPJPY - Corrective Move
GBPJPY gained some bullish momentum last week as it crossed 155.00 barrier. GBPJPY has been moving in ascending channel. currently testing upper trendline and resistance zone. Overall Look for the pair remains Long but with current price action anticipate a corrective move towards lower trend line, providing a Short Trading opportunity for Counter Trend Traders
Outlook – Short
Position – Short Entry (156.483 – 156.150)
TP 1 (155.350),
TP 2 (154.325)
SL (157.250) - Details in Figure Attached
Best
Sardar Uddin
GBPJPY gained some bullish momentum last week as it crossed 155.00 barrier. GBPJPY has been moving in ascending channel. currently testing upper trendline and resistance zone. Overall Look for the pair remains Long but with current price action anticipate a corrective move towards lower trend line, providing a Short Trading opportunity for Counter Trend Traders
Outlook – Short
Position – Short Entry (156.483 – 156.150)
TP 1 (155.350),
TP 2 (154.325)
SL (157.250) - Details in Figure Attached
Best
Sardar Uddin
Attachments
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Technical Analysis - NZD/USD Short Term Long
NZD/USD has been moving along in descending Channel. Currently the price got rejected at lower trend line and corrective move in anticipated as price test upper trend line. Overall outlook remains Bearish but for Intraday Traders it is Long nonetheless.
Sardar Uddin
TradeCuts
NZD/USD has been moving along in descending Channel. Currently the price got rejected at lower trend line and corrective move in anticipated as price test upper trend line. Overall outlook remains Bearish but for Intraday Traders it is Long nonetheless.
Sardar Uddin
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TradeCuts: USDCAD - Pressure From Top
USD remained sideways for the most part. USDCAD has been rejected from 1.03193 - 1.03050 zones twice indicating pressure from top. Current price action indicate Shorts on USDCAD testing strong resistance at 1.02205 -1.02065 zone.
For Intraday Traders - Go Short at break of 1.02930 - 1.02790 zones on lower end
Sardar Uddin
TradeCuts
USD remained sideways for the most part. USDCAD has been rejected from 1.03193 - 1.03050 zones twice indicating pressure from top. Current price action indicate Shorts on USDCAD testing strong resistance at 1.02205 -1.02065 zone.
For Intraday Traders - Go Short at break of 1.02930 - 1.02790 zones on lower end
Sardar Uddin
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After Strong Shorts on Wednesday , Metals recovered sharply on Thursday. Current price actionillustrates a See-Saw Affair between Bulls and Bears.
For Intraday Traders, Buy metals at breakout of current zones toward upward , Sell if zones breakdownwards.
Outlook – Metals Sideways with Long Bias
Sardar Uddin
TradeCuts
For Intraday Traders, Buy metals at breakout of current zones toward upward , Sell if zones breakdownwards.
Outlook – Metals Sideways with Long Bias
Sardar Uddin
TradeCuts
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TradeCuts: EURUSD - Technical Analysis
EUR/USD has been sideways for last couple of days. Wednesday EUR/USD strong bounced of support zone at 1.285 - 1.2450 and ending day with significant gains. With current price action expect USD to further weaken against EUR as EUR/USD test resistance at 1.299 - 1.301
For Intraday Traders - Buy at dips with TP at 1.300
Sardar Uddin
EUR/USD has been sideways for last couple of days. Wednesday EUR/USD strong bounced of support zone at 1.285 - 1.2450 and ending day with significant gains. With current price action expect USD to further weaken against EUR as EUR/USD test resistance at 1.299 - 1.301
For Intraday Traders - Buy at dips with TP at 1.300
Sardar Uddin
Attachments
TradeCuts: GBPJPY - Retains Long Outlook
GBP/JPY has been moving in ascending channel. Currently testing lower trend line and Strong support.
Price has been moving in tight range for last two days. Asian session indicated some bullish momentum , expect bulls to gain strength as move volume move in with opening of European market.
For IntradyDay Traders, Buy at dips
Sardar Uddin
TradeCuts
GBP/JPY has been moving in ascending channel. Currently testing lower trend line and Strong support.
Price has been moving in tight range for last two days. Asian session indicated some bullish momentum , expect bulls to gain strength as move volume move in with opening of European market.
For IntradyDay Traders, Buy at dips
Sardar Uddin
TradeCuts
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TradeCuts: USDZAR - A Rare Pair
USDZAR not our a common pair to be traded but currently it is providing a High Probability Short Setup. USDZAR has been moving long for last few weeks and it testing highs of previous years (2008). With strong rejection at strong resistance provides a High probability Short setup with Great potential of Green pips. Be weary of high spread on this pair and keep your SL tight.
Outlook Short
Sardar Uddin
TradeCuts
USDZAR not our a common pair to be traded but currently it is providing a High Probability Short Setup. USDZAR has been moving long for last few weeks and it testing highs of previous years (2008). With strong rejection at strong resistance provides a High probability Short setup with Great potential of Green pips. Be weary of high spread on this pair and keep your SL tight.
Outlook Short
Sardar Uddin
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TradeCuts: USD/CHF - Counter Trend Trade
USD lost strength against major currencies on 3rd of June. Currently most pairs are targeting key areas. High momentum will be required to break out of these zones otherwise expect price to bounce of these upcoming zones.
USD/CHF, is currently trapped between Resistance and Support
Resistace at 0.9560 - 95270
Support at 0.94813 - 0.94570.
Asian session opened with a corrective move for USD/CHF. Expect USD/CHF to bounce off the upper resistance and target the support zone. Considering overall outlook for USD/CHF remain bullish as Ascending channel remains intact.
Current price offer a nice Intraday Counter trend Short opporunity at bounce from Resistance.
Best
Sardar Uddin
TradeCuts
USD lost strength against major currencies on 3rd of June. Currently most pairs are targeting key areas. High momentum will be required to break out of these zones otherwise expect price to bounce of these upcoming zones.
USD/CHF, is currently trapped between Resistance and Support
Resistace at 0.9560 - 95270
Support at 0.94813 - 0.94570.
Asian session opened with a corrective move for USD/CHF. Expect USD/CHF to bounce off the upper resistance and target the support zone. Considering overall outlook for USD/CHF remain bullish as Ascending channel remains intact.
Current price offer a nice Intraday Counter trend Short opporunity at bounce from Resistance.
Best
Sardar Uddin
TradeCuts
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TradeCuts: AUD/JPY Short but not for Long
JPYs pairs broke out of range as most pairs went short particular AUD/JPY and NZD/JPY. Bears are in control as Yen gains strength against major currencies.At current price action AUD/JPY will target next support zones at 93.396- 93.100 and 92.509 - 92.215.
Looking back to start of 2013 shows that these zones can prove to be turning point.
For Intraday traders, Short JPYs as resistance levels .
Best
Sardar Uddin
TradeCuts
JPYs pairs broke out of range as most pairs went short particular AUD/JPY and NZD/JPY. Bears are in control as Yen gains strength against major currencies.At current price action AUD/JPY will target next support zones at 93.396- 93.100 and 92.509 - 92.215.
Looking back to start of 2013 shows that these zones can prove to be turning point.
For Intraday traders, Short JPYs as resistance levels .
Best
Sardar Uddin
TradeCuts
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TradeCuts: Gold - Shining Again?
Metals retained their Bullish momentum as Gold and Silver pushed up and testingprevious strong resistance,. Price is currently heading towards resistance zone. High Bullish momentum will be required to keep Bulls in charge. With NFP data to be released today expect high volatility in the market.
We expect Weaker USD after NFP thusanticipate Metals to go sharply Long
Expect Gold to go long and target 1450.00 landmark
For Intraday Traders, Buy at dip with TP at recent highs.
Sardar Uddin
TradeCuts
Metals retained their Bullish momentum as Gold and Silver pushed up and testingprevious strong resistance,. Price is currently heading towards resistance zone. High Bullish momentum will be required to keep Bulls in charge. With NFP data to be released today expect high volatility in the market.
We expect Weaker USD after NFP thusanticipate Metals to go sharply Long
Expect Gold to go long and target 1450.00 landmark
For Intraday Traders, Buy at dip with TP at recent highs.
Sardar Uddin
TradeCuts
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TradeCuts: Gold Under pressure
NFP took Gold Short as USD retained strength against Metals despite mixed data. Currently Gold are resting in Support Zone ( 1382.58 - 1378.96), break of these support zone may see Gold
going further short and retesting recent Lows at 1360 and 1345. With current momentum Gold remain under-Pressure if current support break , another sharp dip is on the cards otherwise expect a slow rise to upwards.
For Intraday Traders, Upon break of current support go Short otherwise wait till clear signal for Long.
Sardar Uddin
TradeCuts
NFP took Gold Short as USD retained strength against Metals despite mixed data. Currently Gold are resting in Support Zone ( 1382.58 - 1378.96), break of these support zone may see Gold
going further short and retesting recent Lows at 1360 and 1345. With current momentum Gold remain under-Pressure if current support break , another sharp dip is on the cards otherwise expect a slow rise to upwards.
For Intraday Traders, Upon break of current support go Short otherwise wait till clear signal for Long.
Sardar Uddin
TradeCuts
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EUR/USD, July 17th
Eur/Usd has fallen significantly in the past two days and currently price is hovering just above support of 1.3500. After the fall from 1.3620 to 1.3520 in the past couple of days, today's Asian & London session has been quiet and price has been moving in a tight range of 20 - 25 pips. We continue to hold a bearish bias in this pair till next support zone of 1.3485 to 1.3475. On the upside, resistance is at 1.3670 - 1. 3700.
Eur/Usd has fallen significantly in the past two days and currently price is hovering just above support of 1.3500. After the fall from 1.3620 to 1.3520 in the past couple of days, today's Asian & London session has been quiet and price has been moving in a tight range of 20 - 25 pips. We continue to hold a bearish bias in this pair till next support zone of 1.3485 to 1.3475. On the upside, resistance is at 1.3670 - 1. 3700.
