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Thank you for visiting our pages. What we have seen last week in forex trading, has been a continued weakness USD. Sell off against some currencies even accelerated over last few days. EUR, CHF and JPY have hit new highs against the dollar. So did AUD and NZD, although those two showed some signs of weakness on Thursday and Friday. Big picture is becoming very confusing here. General consensus is that USD will continue its slide, which leads us to believe that the bottom is near. Time will show.
We are cancelling one of our services. "Rainbow" service is official closed. System has not been producing the returns desired and didn't fit well with our other offerings, which are mechanical systems. In "Rainbow" place we will be introducing additional mechanical systems soon. Services covering EUR-JPY and USD-CHF will be offered over next few weeks. That should complement our services in GBP-USD and EUR-USD very nicely, so stay tuned.
We updated our complete results pages, including performance graphs. Look below for last week's results and follow the link provided for details.
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Here are the results for last week:
- Rainbow - CLOSED TO NEW SUBSCRIBERS;
- Daily Pound made 37 pips ;
- Daily Euro gained 157 pips;
Follow the link on the right to view details.
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Last week's results.
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Over last couple of wek we were looking at NZD-USD for a potential short trade. So far this trade has not hapened . Last week we moved our entry to 0.7900. Our sell order remains there. We are extending profit target to 0.7400.
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Trade of the week.
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Just like last week, we are taking a look at EUR-GBP. Last week the trade has not happened. We are moving entry order higher to 0.7600. Also, profit target is extended to 0.7400. That's rather large for this pair, but we are looking at intermediate term charts.
We wish everybody great trading week!
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Once again we must stress that the trades highlighted here are only a small sample of our trades. If you have any comments or would like to obtain more information please contact us at info@spectrumforex.com .
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Risk disclaimer:
Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.
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