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Current USD Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Apr 7, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Joined:
    Jan 20, 2010
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    On an overall basis the USD looks weak.

    USD/CAD – strong downtrend in place set sell alarm at 0.9570 (estimate) no near term support

    EUR/USD – set buy alarm at 1.4345 strong uptrend in place

    AUD/USD – set buy alarm at 1.0500 strong uptrend in place, no resistance past there

    You can also set a buy alarm at 1.6355 on the GBP/USD but this pair has many resistance layers up to about 1.6400 so be careful on this one but the uptrend is also strong.

    When the price alarms hit verify any buy entries with The Forex Heatmap ™ and look for USD weakness or cross currency strength or both.

    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com

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