NEWS / Foreign Exchange

The US dollar down-trend is set to resume and new highs in Sterling

Some volatility and whips for us, as the market goes through it??™s first serious consolidation reassessment for a while.

As per yesterday??™s comments, nothing has changed except that the Yen one way selling street has or is coming to an end. The US dollar down-trend is set to resume and new highs in Sterling. Aussie, and Kiwi, are likely within a few days.

Currency Trading

TACTICAL Points are for April

EUR/USD 1.3620 +270 pts
Long 2 units 1.3349, Profit stop loss 1.3581
Long 2 units 1.3399, Took Profit 1.3561
Long 2 units 1.3459, Took Profit 1.3561
Long 2 units 1.3629, stop loss 1.3591
Sell 2 units on stop 1.3511, stop loss 1.3559

GBP/USD 2.0030 +675 pt
Long 2 units 1.9699, Took Profit 2.0011
Buy 2 units on stop 2.0059, stop loss 2.0001
Buy 2 units on stop 2.0079, stop loss 2.0021
Sell 2 units on stop 1.9921, stop loss 1.9979

USD/YEN 118.65 -18 pts
Buy 2 units on stop 119.99, stop loss 119.51
Short 2 units 119.21, Profit stop loss 119.09

EUR/YEN 161.65 +216 pts
Buy 2 units on stop 161.79, stop loss 161.11
Short 2 units 159.91, stopped 160.49

EUR/GBP .6800 -35 pts
Buy 2 units on stop .6819, stop loss .6781
Sell 2 units on stop .6731, stop loss .6789

GBP/YEN 237.65 +227 pts
Buy 2 units on stop 238.39, stop loss 237.21
Short 2 units 236.71, stopped 237.39

AUD/USD .8350 +349 pts
Long 2 units .8369, stop loss .8321
Buy 2 units on stop .8389, stop loss .8351
Sell 2 units on stop .8271, stop loss .8319

NZD/USD .7435 +684 pts
Buy 2 units on stop .7459, stop loss .7401
Sell 2 units on stop .7331, stop loss .7369

AUD/YEN 99.05 +314 pts
Buy 2 units on stop 99.49, stop loss 99.01

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 1.3620
Bullish at 1.3369, Profit S/L 1.3521
Sell at 1.3431, S/L 1.3489

GBP 2.0030
Bullish at 1.9739, Profit S/L 1.9931
Sell at 1.9441, S/L 1.9499

YEN 118.65
Buy at 120.29, S/L 119.51
Bearish at 118.71, S/L 119.19

EUR/YEN 161.65
Buy at 161.99, S/L 161.31
Bearish at 160.31
Stopped at 160.99

AUD .8350
Bullish at .8229
Took Profit .8301
Buy at .8389, S/L .8291
Sell at .8261, S/L .8299

NZD .7435
Buy at .7479, S/L .7401
Sell at .7351, S/L .7399

CHF 1.2055
Buy at 1.2179, S/L 1.2121
Bearish at 1.2181, Profit S/L 1.2119

CAD 1.1280
Buy at 1.1499, S/L 1.1421
Bearish at 1.1531, Profit S/L 1.1349