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Archive for April 21st, 2009

EURUSD: Open Buy Trade

April 21, 2009 @ 9:49 pm
posted 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

AUDUSD: 5 Pips Profit

@ 2:59 pm
posted 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

AUDUSD: Open Buy Trade

@ 1:51 pm
posted 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 countries.

Bought AUDUSD at 0.7001
Stop level at 0.6940
Target level at 0.7097

EURJPY: 72 Pips Profit

@ 12:38 am
posted 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

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EURJPY: Open Short Trade

@ 12:19 am
posted 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

AUDUSD: 32 Pips Loss

@ 12:13 am
posted 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