FX League Table - 5th fixture:
- Aussie's revival,
- CHF reaches Top2,
- USD and GBP in the selling zone.
To begin week, last week's achievements:
1. EUR/CAD - LONG from 1.4389 to 1.4233 = LOSS 418.06 $pips
2. EUR/USD - LONG from 1.2759 to 1.2670 = LOSS 90.81 $pips
3. USD/CHF - SHORT from 0.9459 to 0.9517 = LOSS 65.1 $pips
4. CAD/CHF - SHORT from 0.8383 to 0.8471 = LOSS 96.6 $pips
The overall result of the week: LOSS 670.57 $pips.
*The SWAPs are included in the statistics.
*$pips term is used to standardize the calculations. So every profit and loss is counted as US Dollar was the base currency.
*Volumes: 1. Vs 8. – 3 times basic volume, others traded with basic volume.
The overall FX League result (1st and 2nd fixtures): PROFIT 338.01 $pips !
This week analysis:
TREND:
MOMENTUM
OVERALL:
***19.125 as a neutral score of the fixture.***
AUD, CHF, NZD – BULLISH!
EUR, JPY, CAD, GBP, USD – BEARISH!
More specifically:
Taking all this into account, trades for this week:
1. AUD/USD - LONG from 0.8802 (volume: 3j.)
2. GBP/AUD - SHORT from 1.8268 (volume: 1j.)
3. USD/CHF - SHORT from 1.5305 (volume: 1j.)
4. GBP/CHF - SHORT from 0.9517 (volume: 1j.)