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

USD/CAD: Short still open over weekend pause - Up Nearly 500 pips


The short USD/CAD Trade was a good swing to a low of 1.21 area and I still have it open/ I have lowered stop to 1.2648 to lock in profits should the pair reach a triple top. There has been somewhat of a double top pattern in the last week and it may be a good indication of the USD shifting / reversing it's trend to a downward direction. If it does I'll be very happy since there is another 2000 or so pips to parity. I think if it does go lower it will head for 1.10 or even parity. This sets up a good opportunity in all the USD pairs as the impending Rate decision is due this week. Many suspect the FOMC will lower rates to .5 or even lower

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