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Posts by "mo"
130 Posts Total by "mo":
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Posts by Anonymous "mo":
In your last post you wrote
hold my position even AUD/USD goes down to 0.7850 and USD/CAD goes down to 1.16
Does this mean that if these level is reached in the Aud and CAD you have margin calls on your account? You dont use stop loss when you trade?
I remember in November last year- Euro/GBP was trading at 0.85 - you forecast that they will hit parity, you almost got it right.
What a bout now where do you see Euro /GBP ?
May be you are correct,, But I am still Long USD/CAD at 1.08 my stop is 30 point below that and my target is around 1.15-1.16.
So I either lose 2000$ or gain 45,000$.
How is your trading today? Do you have any open position?
Deutsche Bank AG, the worlds largest currency trader, predicts the Euro/USD will depreciate to 1.27 in the next three months. what do you think?
https://www.db-markets.com/portal/appmanager/dbmarkets/mydbm?_nfpb=true&_pageLabel=mydbm06_page_15
Will you buy GBP at 1.63? I personally think the amount of profit you could Gain doesnt justify the risk.
Where do you see the GBP/USD and USD/CAD at the end of June?
kind regard
I think the risk to reward ratio is much in favourer of rally in the USD against most of the major currencies.
AUD, CAD, NZD are grate currencies but they are expensive at these level.
Good luck to you
I am doing Fine; Yes I am still holding my long position Usd/Cad it is still in the Green.
I still think that the USD is over sold at this level and it is due for a big correction, hopefully we see this in the next couple of weeks.
Thank you for the interesting Chart, GBP is trading at 1.6280 and CAD at 1.1030 now. Where do you see The Cable and the CAD at the End of this month?
The Dollar recent sell off was Overextended, I forecast a rebound in the US dollars over the next three months which will take the EURO to the lower thirties.
Euro at 1.33 by the end of the month.