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Daily Observations: April 10, 2013

Christopher Vecchio

Current Positions:

Flat


Typical Time Frame: 1-day to 1-week


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Nothing doing on my end, but the declines seen by the Japanese Yen and the US Dollar have shifted momentum in the near-term, presenting bullish opportunities for the Aussie and the Euro.


AUDUSD

Daily: (8-EMA > 21-EMA) > 200-DMA = BULLSH

4H: 8-EMA > 21-EMA = BULLISH

1H: 8-EMA > 21-EMA = BULLISH

Position: Flat, waiting on 1H for buy-signal


EURUSD

Daily: (8-EMA > 21-EMA) > 200-DMA = BULLISH

4H: 8-EMA > 21-EMA = BULLISH

1H: 8-EMA > 21-EMA = BULLISH

Position: Flat, waiting on 1H for buy-signal


GBPUSD

Daily: (8-EMA > 21-EMA) < 200-DMA = NEUTRAL (bearish cross imminent)

4H: 8-EMA > 21-EMA = BULLISH

1H: 8-EMA = 21-EMA = NEUTRAL

Position: Flat, waiting on 1H for a soft buy-signal


USDJPY

Daily: (8-EMA > 21-EMA) > 200-DMA = BULLISH

4H: 8-EMA > 21-EMA = BULLISH

1H: 8-EMA > 21-EMA = BULLISH

Position: Flat, waiting on 1H for a buy signal


As always, any other trade ideas and general macroeconomic musings can be found in the DailyFX Real Time News feed, or by following me on Stocktwits/Twitter @CVecchioFX.


I also host a weekly Live Trading Q&A in DailyFX Plus, on Tuesdays at 07:15 EST / 12:15 GMT, in which I delve deeper into my positions and thought processes behind my analyses.



--- Written by Christopher Vecchio, Currency Analyst


To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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