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Friday, December 18, 2009

FX Daily Curreny Update: 12.18.09

After taking a few big hits on the EUR, I'm getting a better feel for the current conditions after a prolonged absences. Often it can be quite beneficial for a swing play to take an initial hit to establish the correct direction of the trend.

From a swing perspective, many of the major pairs are starting to look attractive for short term plays (short USD: 1-3 week). I will be waiting for further strength of the dollar, and waiting for more indicator and trend confirmation across the board before considering any shorts on the USD.

Pairs I am now considering:

GBP
AUD
JPY
AUD

and I have to reassess the EUR, but based on correlation I might as well add it to the list.



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Alexander LĂȘ
Analyze Capital LLC
Managing Partner
email: le.alex48@gmail.com

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