All the way back in March 2009 we took the trade to go long the AUD/JPY at 62.15 (Forex Investing – AUD/JPY Trend Chage – Go Long). Now almost 8 months later and the trade is still in an uptrend and has reached a high over 85.15 which is 2,300 pips higher. Today now in the 82 range we continue to stay in the trade as the trend has not changed.
As you know if you follow our forex investment blog we have been long the AUDJPY for over 2 months now as you can see from this post (Forex Investing – AUD/JPY Trend Change – Go Long). Our initial entry position was at 62.15 with a 2% capital risk and 125 pip stop loss. The [...]
In recent blog posts we have shown you how the USDCAD, AUDUSD, and NZDUSD have all changed trends and now we have another currency showing strength against the US dollar. The Swiss Franc (CHF) has now broken the trend line and looks to strengthen against the USD.
Looking at the chart we can see that the [...]
On April 10th we updated you on the AUDJPY trade we made in the managed forex account in a post called (Managed Forex Account – AUD/JPY Taking a Profit) where we had sold half of our 2% capital position after gaining 1,000 pips and to give us an 8% gain on the overall account.
We are [...]
We tried to make an entry into the EURJPY around March 14th but never got the pull back we were waiting on to make the buy entry. You can view that post at (Forex Investments and Managed Forex Account – Long EURJPY). Since then the EURJPY has continued its upward move but has recently given [...]
The New Zealand dollar has seen a strong rally over the past 3 weeks from below .50 to above .58. This has caused some major changes on our 1% point and figure chart on the NZD/USD as it has broken through the trend line set back a year ago in March of 2008 when the [...]
