Morning all. I guess I happiest when I’m short CHF. I’m initiating a long USD/CHF position which I will hopefully build between 1.0750 and 1.0820 with a profit target at 1.1450. I will give up below 1.0570. Citibank technicals issued a sell NZD/JPY strategy overnight as they see the green shoots trade faltering. Resistance in EUR/JPY at 137.30 still holding. Yesterday I heard there was good buying interest in USD/JPY around the present 97.25 level. Good luck today.
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I’m going long USD/CHF
June 10 2009, 12:19am | Comments »
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Short-term model going long EUR/JPY
First up, as a disclaimer of sorts, this model has been wrong on the last two trades that I have seen from it. I’m not sure if that’s a good thing because it’s due for a win or a bad thing because it’s out of form. This model works off very short term charts and mixes trend measurements and moving average crossovers. It has gone long EUR/JPY at 137.10 with a stop at 136.55 and a profit target at 138.20.
June 9 2009, 3:19am | Comments »
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