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Just like that April came to a close, third of a year is behind us. Goes by so fast...
FED had another meeting last week. Once again they lowered interest rates. This time it was by 0.25% to 2.00%. By all accounts, that was the "expected" action, yet there was movement in currencies. EUR-USD rallied about 100 pips within an hour, but later on lost all the gains and continued to drop for the rest of the week.
USD has been getting quietly stronger over last few weeks. We fully expect this trend to continue, albeit in a very measured pace. In other words, chart patterns currently forming, don't normally precede rapid price moves, but rather steady, yet directional trends.
Our services had outstanding month of April. We had best results in a very long time.
Daily Pound made 816 pips and Daily Euro earned 547 pips last month! We must stress here that this are NOT TYPICAL results, and shouldn't be expected every month. However, one never knows...
We updated our complete results pages, including performance graphs of our services. Just follow the link below. |
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Here are the results for last week:
- Daily Pound made 287 pips ;
- Daily Euro gained 86 pips;
Follow the link on the right to view details. |
Last week's results. |
| Here is the trade from last week. We placed a sell order for NZD-USD at 0.7775, with a target of 0.7400. Our order has been filled and we are in this trade. Our position is at a modest loss at the moment. |
| Trade of the week. |  |
Now here is a pair we have had great results with in the past, but have not mentioned in this corner for a while. It is GBP-JPY. We are looking to buy here. Our order was placed at 209.15, with a generous target of 212.00. We are using 4H chart, so trade duration is expected to be 1-2 weeks.
Have a 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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