Post #314

UPDATE ON FOREX MAJOR CURRENCY PAIRS Last week Friday we postulated we could be witnessing a strong US Dollar this week as the US economy showed signs of recovery from its Labor sector. Due to this i suggest traders should only be looking for trades which would support Dollar strength in the short-term scenario. CURRENT 'SHORT' TERM TREND OF MAJOR CURRENCY PAIRS EUR/USD: Sell GBP/USD: Sell AUD/USD: Sell NZD/USD: Sell USD/CHF: Buy USD/JPY: Buy USD/CAD: Buy Look for trading opportunities in line with the trend when you see any decent retracement.