Daily Archives: April 21, 2009

EURUSD: Open Buy Trade

Posted on April 21, 2009 by BL Trading Team

In my view all the bad news have been factored into EURUSD. EURUSD is down 61.8% from the peak, a rebound is expected. Bought EURUSD at 1.2943 Stop level at 1.2880 Target level at 1.3043

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AUDUSD: 5 Pips Profit

Posted on April 21, 2009 by BL Trading Team

Seeing that US dollar is in strengthening mode again, I closed my position at 0.7006, 5 pips profit. Original trade: Bought AUDUSD at 0.7001 Stop level at 0.6940 Target level at 0.7097

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AUDUSD: Open Buy Trade

Posted on April 21, 2009 by BL Trading Team

In my opinion US dollar is overbought in the short term, it is due for a correction. The best currency to tap on this US dollar correction will be AUD as Australia is in a better economic condition than most … Continue reading →

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EURJPY: 72 Pips Profit

Posted on April 21, 2009 by BL Trading Team

EURJPY is very near to a strong support at 126.30, a rebound is possible. I closed my position at 126.65, profit is 72 pips profit. Original trade: Shorted EURJPY at 127.37 Stop level at 128.13 Target level at 126.43 Kindly … Continue reading →

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EURJPY: Open Short Trade

Posted on April 21, 2009 by BL Trading Team

Both MACD and Parabolic continues to signal SELL Shorted EURJPY at 127.37 Stop level at 128.13 Target level at 126.43

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AUDUSD: 32 Pips Loss

Posted on April 21, 2009 by BL Trading Team

Support level at 0.7050 has broken. I cut loss at 0.7036, loss is 32 pips. Original trade: Bought AUDUSD at 0.7068 Stop level at 0.7024 Target level at 0.7165

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