from forexsurvivor

We are buying EUR/USD and AUD/USD  here and for an open target

Buy EUR/USD @ market 1.3520 stop @ 1.3465 profit open for now

Buy AUD/USD @ market 0.9995 stop @ 0.9920  profit 1.0275

Good Luck

Buy 2 lots GBP/USD @ 0.5810 stop bellow 0.5700 and profit open for now

” Sell 2 lots AUD/USD @ market 0.9905 profit open no stop for now

Sell 2 lots EUR/GBP @ market 0.8795 profit open no stop for now

Buy 2 lots USD/JPY @ market 82.30 stop on a daily close below 81.90 profit limit open”

The buck has been under heavy pressure against other major currencies for weeks. But as London trading got underway, the move accelerated abruptly, in a move reminiscent of the euro’s darkest days in April and May this year. The dollar hit a record low against the Australian dollar, a fresh 15-year low against the yen, a fresh record low against the Swiss franc, and a significant low against the euro too.

The move lacks a specific trigger. Instead it reflects persistent concerns over the U.S. economic outlook and a growing lack of confidence among traders that international political heavy weights will come to the buck’s rescue at meetings of the Group of Seven leading industrial nations and the International Monetary Fund in the coming days. Market watchers now warn that the dollar’s slide could still have much further to run.

“There’s a sense that not everyone is in this yet,” said Daragh Maher, a senior currencies analyst at French bank Credit Agricole SA in London. “That’s why a lot of the trading community thinks this has further to go,” he said.

Central bank reserve managers have been prominent dollar sellers over recent weeks. Many are fighting strength in their own currencies by buying dollars on a huge scale, but few seem to be holding onto those freshly acquired bucks, which are instead being churned into euros, Australian dollars, and other currencies.

However, funds have been slower to pounce on the dollar’s decline, in part reflecting their reluctance to buy the euro after the single currency’s crisis earlier this year. Any fresh source of dollar selling could be bad news for the buck.

Wednesday, the already unlikely prospect of any international agreement to turn this around dimmed even further as Chinese Premier Wen Jiabao urged European leaders to back away from calls for China to push the yuan higher. Such a move could be destabilizing for the world economy, he warned.

Crucially, the U.S. appears sanguine about the export-supporting weakness in the dollar right now. “You never hear U.S. officials talking about the strong dollar policy now,” said Paul Robson, a senior currencies analyst at Royal Bank of Scotland in London.

Robson said that the eye-watering slide in the dollar is not fully justified by the U.S. economic data. But it would probably be unwise to stand in the way of the move as the risk of further quantitative easing by the Fed has become such a significant theme for traders. “It has really caught people’s imaginations,” he said.

At 0830 GMT, the euro was trading close to $1.40, while the Australian dollar was scaling new heights at over $0.99.

-By Katie Martin, Dow Jones Newswires; 44 20 7842 9346; katie.martin@dowjones.com

First signal on AUD this will correct lower not less than 0.9520

Sell 2 lots AUD/USD @ market 0.9905 profit open no stop for now


Second signal on EUR / GBP  this will go lower from here  and will not stop before 0.8200

Sell 2 lots EUR/GBP @ market 0.8795 profit open  no stop for now

The yen still not clear but may start going up from here or it may go deep to 80.00

Buy 2 lots USD/JPY @ market 82.30 stop on a daily close below 81.90 profit limit open

GOOD Luck and keep alert for signal updates

  We are back from our long wait and see vacation and we have new changes you will see in the coming days

  Our first anticipation is  on the Pound , it’s move this week shows that the correction of the last

drop has finished and the cable will continue the drop to a new low as long as it is bellow the high from yesterday

We will sell two lots ay market price 1 5375 for a drop bellow 1.4800

our stop is a daily close above the high of Monday 1.5485

Sell 2 lots GBP/USD @ 1.5375

Stop above 1.5485 on a daily close

Target bellow 1.4800 for now

Good luck 

92.30 -35 is strong resistance and our trade is going as we expected , our target for now is 85.25 but will modify if necessary