Thursday, January 29, 2009

Forex Trend Alerts: 01/30/09

Currency Pair ---- Trend ---- Position ---- Stop ---- Comments

EUR/USD ---------- Down ------ Sell ------ 13300 ---- Stopped out and reverse to down again due to week fundamentals

GBP/USD ----------- Up -------- Buy ------ 13820 ---- Hold Long

AUD/USD ---------- Down ------ Sell ------- 6700 ---- Stopped out and reverse to Short again

USD/JPY ---------- Neutral ------ Stand aside

USD/CHF ---------- Neutral ---- Sell ------ 11630 ---- Watch for reversal signal to turn Long