The AUD and NZD continue to steadily climb
07:46 2007/04/18

Getting our favoured decline in the US dollar across the board, and our looked for top in USD/YEN.

The broad Yen bounce may kick on a little against most currencies as well.

The AUD and NZD continue to steadily climb.

Sterling has hit the big 2.0000 and sailed straight through, and should be on its way to our 2.05 target quite soon.

There could be some volatility in the US dollar decline, but for the moment we should stay with the down-trend.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3590 +336 pts
Long 2 units 1.3349, Profit stop loss 1.3521
Long 2 units 1.3399, Profit stop loss 1.3541
Long 2 units 1.3459, Profit stop loss 1.3551
Long 2 units 1.3589, stop loss 1.3561
Sell 2 units on stop 1.3471, stop loss 1.3529


GBP/USD 2.0085 +847 pt
Long 2 units 1.9699, Profit stop loss 2.0011
Long 2 units 1.9739, Profit stop loss 2.0031
Long 2 units 1.9899, Profit stop loss 2.0041
Sell 2 units on stop 1.9831, stop loss 1.879


USD/YEN 118.60 -13 pts
Buy 2 units on stop 119.99, stop loss 119.51
Short 2 units 119.21, stop loss 119.39


EUR/YEN 161.10 +264 pts
Long 2 units 161.29, Took Profit 161.41
Buy 2 units on stop 161.89, stop loss 161.11
Sell 2 units on stop 160.81, stop loss 161.29


EUR/GBP .6765 -35 pts
Buy 2 units on stop .6829, stop loss .6801
Sell 2 units on stop .6731, stop loss .6789


GBP/YEN 238.05 +349 pts
Long 2 units 237.29, stop loss 237.51
Sell 2 units on stop 236.71, stop loss 237.39


AUD/USD .8370 +534 pts
Long 2 units .8229, Profit stop loss .8321
Long 2 units .8249, Profit stop loss .8321
Long 2 units .8269, Profit stop loss .8331
Long 2 units .8359, stop loss .8341
Sell 2 units on stop .8171, stop loss .8209


NZD/USD .7475 +684 pts
Long 2 units .7209, Profit stop loss .7421
Long 2 units .7229, Profit stop loss .7431
Long 2 units .7299, Profit stop loss .7441
Sell 2 units on stop .7301, stop loss .7359


AUD/YEN 99.20 +356 pts
Long 2 units 99.69, stopped at 99.31
Buy 2 units on stop 99.69, stop loss 99.01
Sell 2 units on stop 98.71, stop loss 99.29


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 1.3590
Bullish at 1.3369, Profit S/L 1.3481
Sell at 1.3431, S/L 1.3489


GBP 2.0085
Bullish at 1.9739, Profit S/L 1.9901
Sell at 1.9441, S/L 1.9499


YEN 118.60
Bullish at 119.79
Stopped at 119.21
Buy at 120.29, S/L 119.51
Bearish at 118.71, S/L 119.19


EUR/YEN 161.10
Bullish at 156.99, Profit S/L 160.81
Sell at 160.31, S/L 160.99


AUD .8370
Bullish at .8229, Profit S/L .8301
Sell at .8261, S/L .8299


NZD .7475
Bullish at .7179, Profit S/L .7401
Sell at .7351, S/L .7399


CHF 1.2070
Buy at 1.2269, S/L 1.2221
Bearish at 1.2181, Profit S/L 1.2179


CAD 1.1295
Buy at 1.1639, S/L 1.1581
Bearish at 1.1531, Profit S/L 1.1389


© Copyright 1998-2005 MaBiCo.com - forex news guide, business, financial news