Thursday, March 5, 2009

Forex Trend Alerts: 03/06/09

EUR/USD:

Short at 12800 (02/24) L/Closing: 12545 Floating: +255 pips

Hold Short, maintain stop at 12790

GBP/USD:

Short at 14250 (02/26) L/Closing: 14127 Floating: +123 pips

Hold Short, maintain closing stop at 14350

AUD/USD:

Short at 6420 (02/27) L/Closing: 6386 Floating: +34 pips

Hold Short, maintain closing stop at 6550

USD/JPY:

Long at 9150 (02/16) L/Closing: 9813 Floating: +663 pips

Hold Long, maintain closing stop at 9580

USD/CHF:

Long at 11600 (02/24) L/Closing: 11699 Floating: +99 pips

Hold Long, maintain closing stop at 11460


Quote of the Day:

"The difference between the impossible and the possible lies in a person's determination." - Tommy Lasorda

Posted by at

2 comments:

  1. newbie1March 6, 2009 at 12:45 AM

    Hi Michael,
    WHAT IS THE FUNDAMENTALS FOR EUR/USD NOW?
    Change of trend? USD down?
    thks

    ReplyDelete
  2. Michael LooMarch 8, 2009 at 7:51 PM

    Hi Newbie1,

    We are technical traders, don't place much emphasis on fundamentals. However, the EUR/USD is still fundamentally weak. Some experts predicted it may go down to test the 1.2300 level. Who knows? I follow my trend system, so far if it stays below our closing stop of 1.2790, the downward momentum still maintains.

    Regards,
    Michael

    ReplyDelete

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)