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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Thursday, December 4, 2008

USD/JPY Long@92.53 (lowered stop - still open)


USD/JPY first - I lowered the stop since I feel this is a good price and I wanted to give it a bit more room to grow. The impending non- farm payrolls report may cause it to swing lower for a short reaction should it be a negative report. Aware of this I still feel 92 is a good price for USD against the YEN and the Chart is displaying some very thin action. Personally I dont' always trade this pair since the action is usually thin I prefer the Yen pairs that move more like GBP/JPY or EUR/JPY even the CAD/JPY moves a bit more than the USD - We'll see if I lose pips with this one currently my adjusted stop is at 90.53 - A 200 pip risk

It is very close to the 90 level and I feel that 200 pips or so is no biggie considering the potential of upside gains.

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