NEWS / Foreign Exchange

The AUD and NZD could experience some momentary uncertainty if USD/YEN drops through 118.80

Sometimes when things are going your way, it is best not to talk for the sake of talking, instead stay quiet and go with the flow.

The market is moving our way, some volatility/whip is still a risk, but continue to prefer a simple sharp fall in the value of the US dollar scenario.

The USD/YEN is showing encouraging signs of the favoured sharp fall scenario there as well, and a crack of support at 118.80 will encourage this view. Such a move would of course create some volatility in those Yen crosses that have been going so well.

Favour the US dollar closes on fresh lows in NY today, and has an even more dramatic fall next week.

The AUD and NZD could experience some momentary uncertainty if USD/YEN drops through 118.80, but in the end should continue their climb higher.

Currency Trading

TACTICAL Points are for March

EUR/USD 1.3520 +276 pts
Long 2 units 1.3349, Profit stop loss 1.3381
Long 2 units 1.3399, Profit stop loss 1.3401
Buy 2 units on stop 1.3459, stop loss 1.3401
Sell 2 units on stop 1.3261, stop loss 1.3299

GBP/USD 1.9830 +199 pt
Long 2 units 1.9699, Profit stop loss 1.9761
Long 2 units 1.9739, Profit stop loss 1.9781
Buy 2 units on stop 1.9849, stop loss 1.9801
Sell 2 units on stop 1.9631, stop loss 1.9669

USD/YEN 118.95 +32 pts
Long 2 units 118.69, Took Profit 119.01
Sell 2 units on stop 118.71, stop loss 119.19
Sell 2 units on stop 118.41, stop loss 118.99

EUR/YEN 160.80 +311 pts
Long 2 units 157.69, Profit stop loss 160.21
Buy 2 units on stop 161.29, stop loss 160.71

EUR/GBP .6820 -35 pts
Buy 2 units on stop .6829, stop loss .6801

GBP/YEN 235.75 +307 pts
Long 2 units 234.79, Profit stop loss 235.01
Sell 2 units on stop 233.71, stop loss 234.49

AUD/USD .8320 +398 pts
Long 2 units .8229, Profit stop loss .8261
Long 2 units .8249, Profit stop loss .8271
Long 2 units .8269, Profit stop loss .8281
Sell 2 units on stop .8171, stop loss .8209

NZD/USD .7350 +309 pts
Long 2 units .7209, Profit stop loss .7291
Long 2 units .7229, Profit stop loss .7301
Long 2 units .7299, Profit stop loss .7311
Sell 2 units on stop .7071, stop loss .7109

AUD/YEN 98.95 +365 pts
Long 2 units 94.79, Profit stop loss 98.41

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 1.3520
Bullish at 1.3369, S/L 1.3401
Sell at 1.3331, S/L 1.3389

GBP 1.9830
Bullish at 1.9739, S/L 1.9701
Sell at 1.9441, S/L 1.9499

YEN 118.95
Bullish at 118.69, S/L 118.61
Sell at 118.31, S/L 118.89

EUR/YEN 160.80
Bullish at 156.99, Profit S/L 159.41
Sell at 158.61, S/L 157.39

AUD .8320
Bullish at .8229, Profit S/L .8231
Sell at .8161, S/L .8199

NZD .7350
Bullish at .7179, Profit S/L .7221
Sell at .7161, S/L .7199

CHF 1.2155
Buy at 1.2269, S/L 1.2221
Bearish at 1.2181, S/L 1.2249

CAD 1.1350
Buy at 1.1639, S/L 1.1581
Bearish at 1.1531, Profit S/L 1.1469