FX League Table - 7th Fixture:
Let's look at last week's achievements:
1. AUD/JPY - LONG from 98.61 to 98.93 = PROFIT 100.22 $pips
2. AUD/CAD– LONG from 0.9873 to 0.9777 = LOSS 81.79 $pips
3. USD/JPY – LONG from 112.71 to 114.58 = PROFIT 171.68 $pips
4. USD/CAD – LONG from 1.1283 to 1.1324 = PROFIT 32.89 $pips
The overall result of the week: PROFIT 223.00 $pips
*The SWAPs are included in the statistics.
*$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 418.02 $pips !
This week's analysis:
TREND:
MOMENTUM:
OVERALL:
***18.752 as a neutral score of the fixture.***
NZD, CHF, EUR – BULLISH!
CAD, GBP, USD, AUD, JPY – BEARISH!
More specifically:
Taking all this into account, trades for this week:
1. NZD/JPY - LONG from 88.93 - volume 3*x.
2. AUD/NZD - SHORT from 1.1119 - volume x.
3. AUD/CHF - SHORT from 0.8338 - volume x.
4. CHF/JPY - LONG from 118.59 - volume x.