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

USD/JPY: Still in the trade - But lacks direction - Stop remains @ 90.53


The USD/JPY Long is still hovering near support, still lacking any real conviction in direction. Overall the longer picture of the trend is down. Should is start to tumble from here I may exit and take a short. Although I'm more bullish than bearish on this pair it's sometimes hard to keep a bullish attitude or even a bearish attitude when action is this thin and limp. I will let it ride for now and if nothing starts to happen (positive or negative) I'll call it flat for now, only to be proven wrong when I exit the trade. Then it will run up bullish just in time for me to notice that it's too late. :-)

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