Friday, February 20, 2009

Forex Trend Alerts: 02/23/09

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

EUR/USD -- Hold Short, maintain stop at 12905

GBP/USD -- Hold Short, maintain stop at 14495

AUD/USD -- Hold Short, maintain stop at 6670

USD/JPY -- Hold Long, maintain stop at 9100

USD/CHF -- Stopped out at 11520, stand aside


  1. Hi Michael,
    Whereabouts are you? I lost 2 days of your closed for 21- 22 feb ?
    Hope you are well and ahead of the market!
    Thanks for your continuous update.
    best wishes,

  2. Hi Michael,
    Eur/usd knocked out at 12905. Short at current or reversal in trend?
    USD still rallying or people sellingout USD?
    Hope you are well.

  3. Hi Newbie1,
    Yes, market was closed on Sat & Sun, no trading, no signals.

    EUR/USD was stopped out today at 12905, however, for the trend to change upwards, it needs to close above 12905 today, otherwise, the trend is still bias to downside.

    Best regards,


  4. Thanks Michael for the update. So when do the currencies spot trading closes?
    eg EUR/USD ?
    Do you mind if I ask regarding gold ?
    Also do you have another blog for trading in gold bullion?
    Price of gold has shot up so high so fast ? what is your opinion? Uptrend still?
    Thanks for your assistance.

  5. Hi Newbie1,

    Trading hours (local Malaysian time):

    Tokyo Exchange - 8 am till 5 pm

    London Exchange - 4 pm till 1 am

    US Exchange - 9 pm till 6 am

    Best regards,



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