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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

    Joined:
    Jan 20, 2010
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    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
    www.forexearlywarning.com
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