Monday, February 1, 2010

Feb. 1 trade update

Going into the evenings session things look to be turning around. The down trend in the EUR/USD has strengthened a bit and is pointing strongly down and the prices are coming down currently at 1.3918 with MACD on the hourly turning bearish.
USD/CAD price is turning bullish as well as %R and MACD on the hourly chart, although the price has a ways to climb to hit my original buy price of 1.0681. It is trading at 1.0615 as I write this update.
USD/CHF is showing signs of turning around with the hourly MACD showing signs of turning but not quite oversold yet.
I will see what the night holds as the market makes it's way around the world.

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