March/April FOREX

The EU.Yen on a 4 hr chart looks like it is starting to get extended, but I think that is a function of the weak Yen more than a strong Euro..since some of the Eur pairs are not doing so well.

last time on the 4 hr chart that the RSI got up above 70, it went to 81 (unreal) and then caved in for a 600 pip drop.

Playing against these breakouts is scary stuff..if anything leg in slowly and be prepared to add to the positon like Ive had to here the last two days.

rick, I agree..something tells me the Yen weakness continues and the USD breaks 100..

Just scanning a few pairs and I was shocked at how bad the USD has turned against the LB, the CHF and the Euro in the last week, getting to those severe oversold/overbought areas..

Also the YEN is a mess and the AUD is on fire.

So what do you all think about which of these can turn and why?

I need a better source as to what is fueling the currencies..so why the Yen is a mess, why the AUD is so hot and why the CHF is doing so well.

Its all about matchups..

Covered my aud.cd short..had averaged up to three contracts and made 290 pips in total.

Still battling with my 8 contracts on Eu.Aud, actually up on the trade here but my hopeful exit is 1.9175 and that is still far away.

SS 1 LB.USD at 1.4826

I like the gut wrenching get killed early trades lately.