Thursday, October 9, 2008

Previous signal of GBPUSD and USDCHF still holds. Eventhough GBPUSD decided to do one more move down, it has exhausted all its strength.

Trade of the week belongs to AUDUSD.
Believe it or not, the weakened AUD has grown strongest of them all. It will have huge move upward in weeks to come. My advise it to long AUDUSD at the best entry you can find. AUDUSD is expected to make a move down in the next few hours. Be ready with your entry. The last low of 0.6445 is your benchmark. Do find your entry around there.

Another strong turner.
GBPJPY is a strong turner. It is the 2nd strongest of them all. Take your long entry on the next low and hold for weeks to come. I forecast a move upward that will take at least 2 weeks and pip of thousands.

I do not give exact entry point coz both pair have overshot the weekly level. Take you entry based on last low and good luck to us all.

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