Thursday, August 25, 2016
Newsletter Pro – Forex Opportunities Technical analysis and Trading Ideas
EUR/USD
Analysis The Euro has corrected a bit higher overnight after edging lower during yesterday’s session but today we believe there’s an opportunity to sell the Single currency if it moves lower again. The upcoming IFO report might surprise lower and we could see the Euro moving to the downside towards its short-term resistance.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
New Signal - Pending SELL 1.1240 1.1225 1.1260
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GBP/USD
Analysis The Cable extended its rally to the upside yesterday and reached above the 1.3250 level but it looks like the momentum behind this move is slowing down. We could see a correction lower at this time before the Pound can try to move even higher so we will offer a short suggestion that will trigger should the UK currency correct today.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
New Signal - Pending SELL 1.3215 1.3195 1.3240
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FTSE 100
Analysis The FTSE 100 traded lower yesterday but the momentum is just not there for the index to continue lower. We believe that there’s a chance that the London index could break into lower ground but we’re not sure it can keep going so we’d rather not risk a trade at this point and remain neutral.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
No Signal Neutral
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Gold
Analysis Gold dropped lower yesterday in a sudden surge of momentum and is now trading below the $1,330 area having fallen more than $10 during yesterday’s session. This caught many traders off guard along with us and we now need to sit patiently and wait for the next opportunity since the yellow metal is oversold at current levels and no traders can be suggested.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
No Signal Neutral
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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.
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