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Current USD Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Apr 20, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Jan 20, 2010
    Likes Received:
    The USD looks weak on all 7 major pairs.

    USD/CHF – strong downtrend, set sell alarm at 0.8875, no support below there

    USD/CAD – strong downtrend, set sell alarm at 0.9495, no nearby support

    GBP/USD – trend could improve to a strong uptrend , set buy alarm at 1.6425, target potential is 1.6700

    EUR/USD – strong uptrend, set buy alarm at 1.4540, potential to 1.5100

    AUD/USD – strong intermediate uptrend, new record price in the Asian session with no resistance, may need to wait for a consolidation before a new buy

    NZD/USD – this pair is near a short term breakout price, set buy alarm at 0.8005, next resistance 0.8200 but none past there
    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
    Spot Forex Trading Plans Across 25 Currency Pairs
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