240409 Trades

Posted by Alexis at 5:50 PM Friday, April 24, 2009
On the Macro view, we are looking at the following in the late afternoon and evening:
1) US$ strengthening
2) Oil price declining
3) Index coming down

As US$ will be strengthening at evening, it will be better opportunity to sell the following currency at that time
1) AUDUSD, GBPUSD – we are looking at small downclose for AUDUSD, GBPUSD on the weekly chart. If opportunity permits you to hold the trade for several days, we can hold the trades. Selling of GBP on Mon and Tuesday and strengtherning of GBP on Wednesday.
2) EURUSD – we can long EURUSD in the afternoon and sell at night thru scalping
3) USDJPY – we can buy for scalping at night
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