Wednesday Watchlist

11.30am Bucking the short-term trend: Due to this, I had drawdown of -64 and -49 for my overnight GBP/USD and USD/CAD trades. Need to rectify this - I have to avoid opening new trades after 7 pm. At this moment, we have trend reversals for USD/CHF and EUR/USD.

4.00pm No help from the revised GDP data: The greenback continued to show mixed trading against other major currencies. Bucking the trend seriously hurts my GBP/USD position. Finally, a trend reversal for USD/CAD - a sign of relief?

Markets	Trend	Breakout Level	Comment
USD/CAD	Up	1.1104	Holding a long Back in trend
USD/JPY	Up	116.84	-
USD/CHF	Up	1.2293	Long entered
GBP/USD	Up	1.8995	Still holding a short Rises to 20-day high (strong data)
EUR/USD	Down	1.2820	-
spot GOLD	Up	616.4	-
DOW cash	Up	11370	-
CRUDE OIL	Down	69.84	Missed the downside move again

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