CAD/JPY like EUR & GBP & USD and all other Yen pairs has had a good run north of the lows. The forex is so organic it's hard to tell where prices may go - I'm thinking this pair may run out of steam soon and if it does i'm going short up here I'll risk a short until this resistance zone breaks upward. This Yen weakness may be the BoJ intervening - nonetheless I'm a bit shorter here until the market tells me different. I'll risk a short at the 80 level - probably lose my stop at 82 if CAD strength continues - I'll be watching the USD/CAD & The EUR/CAD & The GBP/CAD for help in deciding direction
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, February 26, 2009
Trade Alert: CAD/JPY Nearing the top of range - Looking to short
CAD/JPY like EUR & GBP & USD and all other Yen pairs has had a good run north of the lows. The forex is so organic it's hard to tell where prices may go - I'm thinking this pair may run out of steam soon and if it does i'm going short up here I'll risk a short until this resistance zone breaks upward. This Yen weakness may be the BoJ intervening - nonetheless I'm a bit shorter here until the market tells me different. I'll risk a short at the 80 level - probably lose my stop at 82 if CAD strength continues - I'll be watching the USD/CAD & The EUR/CAD & The GBP/CAD for help in deciding direction
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