Forex-Analysis for 10 September 2013

Important data is not available today, but doubts about the actions of the Fed continue to grow and the USD may continue to be under pressure. Also the potential of averting military action in Syria could generate renewed confidence in the currencies of emerging markets and pull capital from "Safe Haven".

EUR/USD

Long: > 1,3285
S/L: 25 Pips
TP: 40 Pips
Trailing Stop: 20 Pips

Short: < 1,3220
S/L: 25 Pips
TP:  45 Pips
Trailing Stop: 25 Pips

GBP/USD

Long: > 1,5731
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

Short: < 1,5675
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

AUD/USD

The AUD today could benefit from further positive data from China, where industrial production and construction spending rose slightly more than expected.

Long: > 0,9290
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 20 Pips

Short: < 0,9247
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style.

 

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.