Forex Trend Alerts: 05/01/09

EUR/USD:

Stand aside, awaiting new signal

GBP/USD:

Stopped out at 14830 (04/30) Realized Loss: -80 pips

Stand aside, directionless, awaiting new signal

AUD/USD:

Stopped out at 7280 (04/30) Realized Loss: -280 pips

Stand aside, awaiting new signal

USD/JPY:

Short at 9800 (04/21) L/Closing: 9887 Floating: -87 pips

Hold Short with stop on close at 9920

USD/CHF:

Stand aside, awaiting new signal

Comments:

Markets are at a fix now, bulls and bears are in equilibrium.
Use your patience to await for new direction signals ...

Take a short break off and enjoy your holiday trip!