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
Archive for April 21st, 2009
21 Apr
EURUSD: Open Buy Trade
21 Apr
AUDUSD: 5 Pips Profit
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
21 Apr
AUDUSD: Open Buy Trade
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
21 Apr
EURJPY: 72 Pips Profit
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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21 Apr
EURJPY: Open Short Trade
Both MACD and Parabolic continues to signal SELL
Shorted EURJPY at 127.37
Stop level at 128.13
Target level at 126.43
21 Apr
AUDUSD: 32 Pips Loss
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
