REPORTS FOR THE EA

Due to most of Europe having a holiday due to Easter, Monday was a quiet dayin the forex markets. This created very low volumes, which can create sharpruns in a currency pair. If you were trading today, you might haveexperienced some Entries that resulted in a Stop Loss [sl] getting hit. Asyou move forward in your trading, keep in mind that you might not want to betrading on holidays.

I'll go thru the non-Yen pairs that are highlighted in Yellow on thespreadsheet we sent out earlier today. As always, no buy, sell, or holdrecommendations.

audcad

At market close yesterday, this pair touched its recent high, andimmediately retreated over 150 pips to where it now it is resting. Itdoesn't seem to have settled, and may still show sporadic volatility. Allowthe 89 & 200 MA on the 4-hr chart to merge with the price-line beforeconsidering it in an Oscillation mode. from Monday's discussion: Retesting its recent short-term Resistance (R).The candles are far away from the 89 & 200 MA, putting it Out of Range.There may be some Consolidation in this area, but not enough evidence toshow this.

audusd

The pair did test, and retreat from, its recent high. This high could bere-tested, as the U.S. has the Core CPI m/m, the Beige Book, and theTreasury Currency economic reports that could result in USD weakness, sowatch this, and all the USD pairs closely. from Monday's discussion: Retesting its recent short-term Resistance (R).The candles are far away from the 89 & 200 MA, putting it Out of Range.

euraud

This pair is in an Oscillation mode currently. Watch it carefully, as theAUD can drop or spike with reports on commodity requirements from Developingcountries, like China. from Monday's discussion: Day chart shows this pair is still Trending. 4hrchart shows the beginning of consolidation. Give this pair until Tuesday'sU.S. Afternoon session, before considering it to be in Consolidation.

eurcad

The pair is in Oscillating mode, however the waves are over 300 pips up ordown. Early entries by the EA might Close negative, while later entries inthe set might Close positive. from Monday's discussion: Both the Day chart and the 4hr chart show thebeginning of consolidation. Give this pair until Tuesday's U.S. Afternoonsession, before considering it to be in Consolidation.

eurchf

This pair has not found it's footing - yet. It is Oscillating, but withlarge swings during the U.S. afternoon sessions. It should calm down a bitin the next few days. from Monday's discussion: Sharp move in this pair Monday morning, due to theEuropean holiday. Leave this pair alone for a day or so, until it finds it'sfooting. This has been a good pair for the EA to work, so keep it in mind asthe price Consolidates around the 89 MA.

eurusd

The U.S. has the Core CPI m/m, the Beige Book, and the Treasury Currencyeconomic reports that could result in USD weakness, so watch this, and allthe USD pairs closely. My Fibonacci lines on the 4-hr chart show largerOscillations occurring between the 50% line and the 23.6 line. Look forcontinued Oscillations, but be weary of those economic reports Wed. morning. from Monday's discussion: Sharp move in this pair Monday morning, due to theEuropean holiday. Leave this pair alone until at least the Tuesday Asianmarket session, or until it finds it's footing. This has been a good pairfor the EA to work, so keep it in mind as the price Consolidates around the89 MA.

gbpchf

Several Oscillation and Consolidation points as it moves between the 61.8and the 76.4 Fib lines; a good sign for Oscillation lovers. A bit ofcaution, as it is still stretched away from the 89 & 200 MA. from Monday's discussion: Sharp move in this pair Monday morning, due to theEuropean holiday. Leave this pair alone until at least the Tuesday Asianmarket session, or until it finds it's footing. This has been a good pairfor the EA to work, so keep it in mind as the price Consolidates around the89 MA.

gbpusd

The U.S. has the Core CPI m/m, the Beige Book, and the Treasury Currencyeconomic reports that could result in USD weakness, so watch this, and allthe USD pairs closely. Oscillations are occurring, but be careful, as theyare larger Oscillations. from Monday's discussion: A VERY sharp move in this pair Monday morning, dueto the European holiday. The pair is stretched and Out of Range. Leave thispair alone for now. This has been a good pair for the EA to work, so keep itin mind as the price Consolidates around the 89 MA.

usdcad

The U.S. has the Core CPI m/m, the Beige Book, and the Treasury Currencyeconomic reports that could result in USD weakness, so watch this, and allthe USD pairs closely. Several Oscillation and Consolidation points A goodsign for Oscillation lovers. from Monday's discussion: The CAD is a Commodity linked currency, andcommodities don't know which direction to take right now. The pair is alittle stretched out to the down side, and going in and out of range. Thishas been a good pair for the EA to work, so keep it in mind as the priceConsolidates around the 89 MA.

usdchf

This pair seems to be finding a temporary footing between 1,1325 and 1.1425.A good sign for Oscillation lovers. The U.S. has the Core CPI m/m, the BeigeBook, and the Treasury Currency economic reports that could result in USDweakness, so watch this, and all the USD pairs closely. from Monday's discussion: A VERY sharp move in this pair Monday morning, dueto the European holiday. The pair is stretched and Out of Range. Leave thispair alone for now. This has been a good pair for the EA to work, so keep itin mind as the price Consolidates around the 89 MA.

FAQ of the Day: Q. How many consecutive trades will the EA Open on one pair? A. Go to the Trade Plan you created. On the Aggressive tab, you'll see afield: Entry Levels. Default is 20. This means you will have a maximum of 20Entries in one set of trades on a pair before an Exit point is hit. A moreconservative position could possibly be to reduce that number to 10 Entries.However, that could open you up to a greater risk as trades Opened later inthe set tend to be more profitable the the initial trades Opened in a set.