18 March 2009

Watchlist - 18-Mar-2009

Today I think we need to look closely to usdcad, usdchf and usdjpy.

Those trades are "trend trades". So watch adx for indication of power of the trend.

usdcad:
- Can take a ride south. ( Target: some pips before 1.2398 -Updated- )
- Current price is : 1.2688

usdchf:
- Can take a ride south. ( Target: some pips before 1.1640 )
- Current price is : 1.1803
- This trade is not valid if clear close over 1,1869


usdjpy: ( Same comment for Eurjpy)
- Can make some free ride north. ( Unkown target for the moment)
- Watch up south ride is also possible but not right now.
- Current price is : 98.48

Eurgbp:
- Struggle to go south so shorting Eurgbp right now is not a safe ride. I think we need more momentum in the moves for a north -long - ride.

No comments:

Post a Comment