Forex Signals for 09/12/2009

Yesterday we had 2 losing trades and a winner. On the 2 losing trades, price reversed at the level where our buy were triggered. Those levels acted as a good resistance level and crashed down later showing strength in US dollar.

Results for yesterday ended up in a loss of 37 pips

So here is the analysis for today’s session. I strongly recommend that you use your own analysis to confirm the trades I will be sending. Most of the trades will be sent 15 minutes to 2 hours before the move eventuates, though we are taking into account the short, intermediate and major trend at that point in time, market conditions may change.

EUR|USD –
Buy - 1.4753 | SL 1.4695 | TP 1.4815

Sell – 1.4606 | SL – 1.4663 | TP – 1.4544

USD|JPY –
Buy – 89.35 | SL – 88.79 | TP – 89.93

Sell – 87.99 | SL – 88.55 | TP – 87.41

USD|CHF –
Buy – 1.0338 | SL – 1.0297 | TP – 1.0380

Sell – 1.0237 | SL – 1.0278 | TP – 1.0195

EUR|JPY–
Buy – 131.30 | SL – 130.54 | TP – 132.10

Sell – 129.42 | SL – 130.19 | TP – 128.62

PS: EUR/USD and USD/CHF are highly correlated pairs. Be careful when trading those. Pick only one pair and trade it.