AdamFx42's Blog

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Lots of new possibilities today

Today the fx market is opening strong for the Aud and Euro
and there are quite a few possibilities to trade today:
Eur/Cad has retraced to 1.48 area and this looks like a good place to go long
for at least 50 pips
Usd/Jpy has retraced back to 102 support area
and a long here up to 103 seems good too
Eur/Usd is showing strength and has stopped its move down at 1.3580 support area;
if a low is in place here and the pair's retracement is over at this level
then we shouls see 1.36 break soon (it is …
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Looking for AUD to climb back, GBP to weaken

This month I will be looking to sell Gbp against Nzd and Usd, as it has broken out of range in Gbp/Usd:
1.6675 - 1.6475 was the range for this pair, but it has broken to the downside,
Gbp/Usd has now put in a double top on the daily chart, and the pair is showing bearish potential;
I will be looking to sell around 1.65, and I will also look to sell Gbp/Nzd
Aud/Usd looks like it is bottoming out at around 0.87, and seems like a safe buy,
I will probably start off this month with a Buy Stop on thi…
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