Friday, 24 October 2008

Friday Signal Levels

Today's signal levels. Draw horizontal lines on your charts at the levels shown. Buy above the upper level and sell below the lower level. When a trade is initiated at these levels, use the stop provided below. All currencies are versus the USD.

GBP High 1.5930 Low 1.5832 Stop 1.5880
EUR High 1.2719 Low 1.2620 Stop 1.2688
AUD High 0.6427 Low 0.6331 Stop 0.6367
CAD High 1.2768 Low 1.267 Stop 1.2688
CHF High 1.1748 Low 1.1693 Stop 1.1723
JPY High 95.25 Low 94.86 Stop 95.03

We have seen a very volatile start to the day and I will not trade today: it will be like trying to catch falling knives!