Traaaderz

Traaaderz

FX:USDZAR has been on a consistent downtrend since October. There was a clear rejection on the 21st but a sharp move back up yesterday due to a rally on the US dollar. However it will likely continue a downtrend making it a relative safe sell. Sell to the target T1 = .5 fib, 14.2615 (343 pips), T2 = .382 fib, 14.1830 (391 pips).

Traaaderz

AUDUSD broke out of a 6 month channel and made an attempt to cross the 50 week MA but promptly failed. Sell with T1 = .236 fib, .6796 (40 pips) and T2 = September lows, .6707 (128 pips). Stop placed at .5 fib.

Traaaderz

EURGBP has been trading between .382 and .618 fib for the past month. After an attempt to breakout of the trading range on Jan 14, it was turned away to the 50 day MA where it currently sits. The reversal and downward slope of the MA signifies the potential for a further move to the downside. The first target is .382 fib or .847 (48 pips). The second target is...