FX League Table - 6th Fixture:
Let's look at last week's achievements:
1. AUD/USD - LONG from 0.8802 to 0.8797 = LOSS 3 $pips
2. GBP/AUD - SHORT from 1.8268 to 1.8780 = PROFIT 74.24 $pips
3. GBP/CHF - SHORT from 1.5305 to 1.5397 = LOSS 98.72 $pips
4. USD/CHF - SHORT from 0.9517 to 0.9625 = LOSS 115.51 $pips
The overall result of the week: LOSS 142.99 $pips.
*The SWAPs are included in the statistics.
*$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: PROFIT 195.02 $pips !
This week's analysis:
TREND:
MOMENTUM:
OVERALL:
***17.362 as a neutral score of the fixture.***
AUD, USD, CHF, GBP – BULLISH!
NZD, EUR, CAD, JPY – BEARISH!
More specifically:
Taking all this into account, trades for this week:
1. AUD/JPY – LONG from 98.61 (volume: 3*x.)
2. AUD/CAD – LONG from 0.9873 (volume: x.)
3. USD/JPY – LONG from 112.71 (volume: x.)
4. USD/CAD – LONG from 1.1283 (volume: x.)