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Daily FX Strategy: Usd/Majors; Usd/Minors; Euro & Yen Crosses


Written by www.imperialFXonline.com
USD/MAJORS
May 11 2010, 03:05 GMT
USD/JPY
Outlook remains mildly bearish below 94.98
Strategy: Hold short
Position: Short at 93.40
Target: 90.80
Stop: 94.00
Written by www.imperialFXonline.com
May 11 2010, 03:14 GMT
USD/CHF
Possible end of pullback from 1.1246: Stop level raised
Strategy: Hold long
Position: Long at 1.0960
Target: 1.1230
Stop: 1.1040
Written by www.imperialFXonline.com
May 11 2010, 03:28 GMT
EUR/USD
Choppy sideways trading
Strategy: Sell at 1.2860 or Buy at 1.2610
Target: 1.2610 / 1.2860
Stop: 1.2925 / 1.2545
Written by www.imperialFXonline.com
May 11 2010, 04:10 GMT
GBP/USD
Bearish outlook remains
Strategy: Target Met
Position: Short at 1.5010
Target: 1.4800
USD/MINORS
Written by www.imperialFXonline.com
May 11 2010, 04:43 GMT
AUD/USD
Further consolidation unfolding below 0.9078
Strategy: Hold short
Position: Short at 0.9054
Target: 0.8900
Stop: 0.9054
Written by www.imperialFXonline.com
May 10 2010, 08:02 GMT
USD/CAD
Mildly bullish outlook is retained
Strategy: Hold long
Position: Long at 1.0230
Target: 1.0650
Stop: 1.0165
Written by www.imperialFXonline.com
May 11 2010, 04:47 GMT
NZD/USD
Mildly bearish outlook remains
Strategy: Hold short
Position: Short at 0.7280
Target: 0.7100
Stop: 0.7280
EURO CROSSES
Written by www.imperialFXonline.com
May 11 2010, 04:50 GMT
EUR/JPY
Outlook is turning into consolidative
Strategy: Sell at 119.50
Target: 115.00
Stop: 120.50
YEN CROSSES
Written by www.imperialFXonline.com
May 11 2010, 04:58 GMT
AUD/JPY
Outlook remains mildly bearish
Strategy: Hold short
Position: Short at 84.70
Target: 81.20
Stop: 84.70
Written by www.imperialFXonline.com
May 11 2010, 05:00 GMT
NZD/JPY
Mildly bearish outlook remains
Strategy: Hold short
Position: Short at 67.70
Target: 65.60
Stop: 67.70
Written by www.imperialFXonline.com
May 11 2010, 05:03 GMT
GBP/JPY
Possible end to the correction from 129.93
Strategy: Target Met
Position: Short at 139.70
Target: 137.00
Stop:
Written by www.imperialFXonline.com


High Risk Warning: Foreign exchange trading on margin carries a high level of risk that may not be suitable for all investors as the degree of leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You could sustain a loss of some or all of your initial investment and hence you should not invest money that you cannot afford to lose. Be aware of the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
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