Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

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Sunday, December 14, 2008

EUR/USD: Short not happening but a long is building?


Last week I wrote of a possible short entry for EUR/USD pair based on recent trading levels. It appears that the USD may weaken across the board and that is making the short non-existent. The forex market is full of surprises and this one was a surprise. I don't normally trade the EUR/USD pair since like the USD/JPY the movements can take a long time to be realized. I do however use this pair as a gauge for the market overall.

Anyhow the short was not there an turns out the trade should have been long. I did not enter a trade but if you did I hope you went long. With these changes brought to lite I am prepared to go long against the USD as I think a reversal may be building in the recent USD strength.

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