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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Tuesday, December 9, 2008

GBP/CAD: After News Release (Trade Balance Report)


The GBP has been unwinding for a day or so running up to the impending release of the Trade and visible trade balances. These are high impact events and could influence the pound to fall. I will watch the price action and take a snap shot of it when and if it moves anywhere. I will post it to this post as I'm actively trading this pair. (looking for a trade)


UPDATE: Here is where the price action took us several hours after the release. up a hundred pips. Those pound bulls can really confuse you as badly as the bears. What to do? I'm content to wait for another long.

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