NEWS / Foreign Exchange

Still looking for further US dollar decline

Still looking for further US dollar decline. AUD may be a little volatile around 80 cents at first but is likely to strike significantly higher over the next 24 48 hours while support at .7940 holds, clearly so above .7975.

Currency Trading

TACTICAL Points are for March

EUR/USD 1.3310 +96 pts
Long 2 units 1.3159, Profit stop loss 1.3231
Long 2 units 1.3189, Profit stop loss 1.3271
Long 2 units 1.3239, Profit stop loss 1.3281

GBP/USD 1.9460 +147 pt
Long 2 units 1.9339, Profit stop loss 1.9361
Long 2 units 1.9409, stop loss 1.9391
Sell 2 units on stop 1.9201, stop loss 1.9269

USD/YEN 117.60 +656 pts
Buy 2 units on stop 118.29, stop loss 117.71
Short 2 units 116.71, stopped 117.29
Sell 2 units on stop 116.81, stop loss 117.59

EUR/YEN 156.65 -250 pts
Long 2 units 156.39, stop loss 155.31
Sell 2 units on stop 154.31, stop loss 154.89

EUR/GBP .6840 +79 pts
Long 2 units .6809, Took Profit .6831
Buy 2 units on stop .6859, stop loss .6821
Sell 2 units on stop .6801, stop loss .6839

GBP/YEN 229.40 +145 pts
Buy 2 units on stop 230.19, stop loss 229.01

AUD/USD .7995 +475 pts
Long 2 units .7849, Profit stop loss .7931
Long 2 units .7889, Profit stop loss .7961
Long 2 units .7989, stop loss .7971
Sell 2 units on stop .7901, stop loss .7949

NZD/USD .7020 +306 pts
Long 2 units .6889, Profit stop loss .6971
Long 2 units .6969, stop loss .7001
Sell 2 units on stop .6811, stop loss .6849

AUD/YEN 94.20 +284 pts
Long 2 units 91.69, Profit stop loss 93.61

1 unit = 50% of Initial Account Size
e.g. for a $100,000 account,
1 unit = $50,000 position
2 units = $100,000 position

STRATEGIC

EUR 1.3310
Bullish at 1.3189, Profit S/L 1.3201
Sell at 1.3021, S/L 1.3099

GBP 1.9460
Bullish at 1.9399, S/L 1.9341
Sell at 1.9201, S/L 1.9289

YEN 117.60
Buy at 118.89, S/L 118.01
Sell at 116.01, S/L 116.89

EUR/YEN 156.65
Bullish at 154.19, Profit S/L 154.31
Sell at 152.31, S/L 153.39

AUD .7995
Bullish at .7899, Profit S/L .7921
Sell at .7841, S/L .7899

NZD .7020
Bullish at .6899, S/L .6901
Sell at .6801, S/L .6849

CHF 1.2130
Buy at 1.2339, S/L 1.2281
Bearish at 1.2241, Profit S/L 1.2199

CAD 1.1780
Buy at 1.1789, S/L 1.1731
Sell at 1.1701, S/L 1.1789