Friday, August 26, 2016
Newsletter Pro – Forex Opportunities Technical analysis and Trading Ideas
EUR/USD
Analysis The Euro popped higher yesterday even though the IFO Survey printed in a bearish manner and the Single currency has climbed to the 1.1300 area with our short suggestion never triggering. Today the price action will be dictated from Yellen’s speech at Jackson Hole and we would like to attempt to capitalize on a possibly bullish speech hence we will offer a short suggestion that will trigger if the Dollar takes control of the currency pair.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
New Signal - Pending SELL 1.1265 1.1250 1.1285
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GBP/USD
Analysis The Cable corrected lower yesterday and we were able to capitalize on this move to the downside as our short suggestion was triggered and reached its target pretty quickly. Overnight the Pound pulled back higher but we would like to explore the possibility that the UK currency moves lower once more especially if the Fed boss sounds confident that another Dollar rate hike will come this year so we’re offering another short suggestion.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price Signal Status Direction Entry Price Target Price Stop Price
Closed SELL 1.3215 Hit at 1.3195 1.3240 New Signal - Pending SELL 1.3160 1.3135 1.3195
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FTSE 100
Analysis The FTSE 100 moved lower yesterday but it wasn’t able to sustain these losses and corrected to the upside immediately after breaking below the 6,800 points’ level. The outlook for the London index is mixed at this time and we’d rather remain neutral ahead of the Jackson Hole event today and see what Yellen has to say before offering our next suggestion next week.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
No Signal Neutral
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Gold
Analysis Gold pushed even lower yesterday and dropped below the $1,320 level for a brief period of time but after that a pullback higher allowed it to correct a bit overnight. Today the yellow metal’s price action will be dictated primarily from the Jackson Hole event and how bullish Fed’s Yellen will sound. We’d like to attempt to capitalize on the off chance that she sounds less bullish than expected or investors remain unconvinced hence we will offer a long suggestion that will trigger if Yellen disappoints.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
New Signal - Pending BUY $1,328 $1,332 $1,323
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Trade Tactics & Instructions All the signals are valid until the next edition of the report or otherwise instructed via a following report from InvestingBetter.com . All signals that have not been triggered by the time that a fresh report is received should be removed. A signal that has been triggered should be followed until either its Stop or Limit level is reached. If a signal should be closed out mid-trade then an explicit suggestion will be made via a subsequent report or email from InvestingBetter.com .
Charting Information The indicated prices and trading signals are calculated and intended for Spot and CFD instruments and are not to be used for trading Futures, Options, Swaps or Binary products. Indicators' settings: Red line: EMA 55, Green line: EMA 200, Oscillator: MACD (12,26,9). The above charts have been created using FXCM's Trading Station platform. Price feed comes from FXCM’s Euro Server.
Disclaimer Notice Past performance is not indicative of future results. Trading forex, CFDs and equities carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts. The information provided by InvestingBetter.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. InvestingBetter.com are merely providing this information for your general information. The information and opinions presented do not take into account any particular individual's investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite. InvestingBetter.com and/or its owners will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on InvestingBetter.com. InvestingBetter.com does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.
Newsletter Pro – Forex Opportunities ©Copyright 2016 InvestingBetter.com
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