Forex Trend Alerts: 04/16/09

EUR/USD:

Stand aside awaiting new signal

GBP/USD:

Long at 14750 (04/06) L/Closing: 14996 Floating: +246 pips

Hold Long and move stop higher to 14750 on close

AUD/USD:

Long at 6570 (03/31) L/Closing: 7275 Floating: +705 pips

Hold Long with stop at 6980

USD/JPY:

Long at 9740 (03/31) L/Closing: 9926 Floating: +186 pips

Hold Long with stop at 9800

USD/CHF:

Stand aside awaiting new signal


Golden Words for Traders:

"Forex offers incredible financial opportunity for those who are ready for the adventure, but it can be disastrous and financially devastating for those who are unprepared."