Forex books!
We have wide selection of Forex
trading books, training courses,
trading systems and software!
www.forexe-books.com
| Welcome back!
Rather eventful week we just had in the world of Forex. There were some nice, directional moves in a lot of currencies. Most of the USD pairs had large swings, as well as GBP and EUR crosses. As a matter of fact, we see a lot volatility all over the place.
As an example, EUR-USD daily ranges, the way we calculate them, are about the highest ever. That means there are plenty of opportunities even for short term traders.
Trading conditions are good, now we just have to exploit them...
We have been paying a lot of attention to US dollar over last few weeks. Those of you reading our updates surely noticed that we are bullish green back. While USD posted some nice gains this week, price action doesn't indicate some massive and furious dollar rally, but rather slow and measured appreciation. That is what our statistics tell us.
Our services had a very, very good week. Both of them posted sharp gains and are having an exceptional month. We will post more detailed observations next week, when the month of April is over. Also, we will update our trade by trade pages including performance graphs.
See our results below and follow the link for details.
|
Subscribe
Services
Forex Data
Forex Bookstore
|
Here are the results for last week:
- Daily Pound made 325 pips ;
- Daily Euro gained 245 pips;
Follow the link on the right to view details.
|
Last week's results.
|
Here is our trade from last week. The premise was to buy USD-CAD at 1.0155. We did just that, our target remains 1.0250. At this time we are about break even. We stay in this trade.
|
Trade of the week.
| 
|
We are taking a look at NZD-USD. Take a look at the chart below. You will notice the daily time frame we chose. It is rare that we look at this time frame, but we think there is a good opportunity here for some pips.
We have an order to sell NZD-USD at 0.7775 with a target of 0.7400. So, the time frame is of higher magnitude, but so is profit expectation. We anticipate 2-3 weeks for this trade.
Have a great trading week!
|
|
|
|
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 .
|
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.
|
|
