NEWS / Foreign Exchange

The US dollar remains remarkably vulnerable to a sharp fall at any moment

The market is going our way. As expected the over reaction to the US employment data on Friday, has now been unwound.

The US dollar remains remarkably vulnerable to a sharp fall at any moment.

The AUD and NZD are due for some profit taking selling pressure, perhaps back 30 or 50 points, but if they can stay firm at current levels this will suggest a very steady stream of yield buying is persisting, and still higher levels are possible this week.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3420 +15 pts
Long 2 units 1.3349, Profit stop loss 1.3371
Long 2 units 1.3399, stop loss 1.3391
Buy 2 units on stop 1.3459, stop loss 1.3401
Sell 2 units on stop 1.3261, stop loss 1.3299

GBP/USD 1.9745 +29 pt
Long 2 units 1.9699, stop loss 1.9681
Long 2 units 1.9739, stop loss 1.9701
Short 2 units 1.9671, stopped 1.9699
Sell 2 units on stop 1.9631, stop loss 1.9669

USD/YEN 119.15 +46 pts
Long 2 units 118.69, Profit stop loss 118.71
Sell 2 units on stop 118.61, stop loss 118.99
Sell 2 units on stop 118.31, stop loss 118.69

EUR/YEN 159.85 +216 pts
Long 2 units 157.69, Profit stop loss 159.21

EUR/GBP .6800 -16 pts
Long 2 units .6779, Profit stop loss .6781

GBP/YEN 235.20 +252 pts
Long 2 units 234.79, stop loss 234.11
Sell 2 units on stop 233.01, stop loss 233.89

AUD/USD .8240 +167 pts
Long 2 units .8229, stop loss .8191
Long 2 units .8249, stop loss .8211
Buy 2 units on stop .8269, stop loss .8221
Sell 2 units on stop .8171, stop loss .8209

NZD/USD .7265 +108 pts
Long 2 units .7209, Profit stop loss .7221
Long 2 units .7229, Profit stop loss .7231
Buy 2 units on stop .7299, stop loss .7261
Sell 2 units on stop .7071, stop loss .7109

AUD/YEN 98.20 +290 pts
Long 2 units 94.79, Profit stop loss 97.61

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 1.3425
Bullish at 1.3369, S/L 1.3321
Sell at 1.3201, S/L 1.3289

GBP 1.9745
Bullish at 1.9739, S/L 1.9651
Sell at 1.9441, S/L 1.9499

YEN 119.15
Bullish at 118.69, S/L 118.41
Sell at 117.01, S/L 117.79

EUR/YEN 159.85
Bullish at 156.99, Profit S/L 158.31
Sell at 156.21, S/L 156.89

AUD .8240
Bullish at .8229, S/L .8171
Sell at .8021, S/L .8069

NZD .7265
Bullish at .7179, S/L .7171
Sell at .7061, S/L .7099

CHF 1.2185
Bullish at 1.2269
Stopped at 1.2201
Bearish at 1.2181, S/L 1.2249

CAD 1.1475
Buy at 1.1639, S/L 1.1581
Bearish at 1.1531, S/L 1.1569