Monday, August 22, 2016
Newsletter Pro – Forex Opportunities Technical analysis and Trading Ideas
EUR/USD
Analysis The Euro moved even lower on Friday as the Dollar enjoyed broad gains across the board and we were unfortunately left out since we had no indication of a further correction lower early on Friday morning. We now need to sit back and wait though in order to assess whether the correction will continue or whether the Euro will take back control so no trades for today.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
No Signal Neutral
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GBP/USD
Analysis The Cable corrected lower on Friday as the Dollar was pushing higher and our short suggestion was on point to bring us a good profit. However now that the Pound seems to have found some support it looks possible that the UK currency will try to move back higher so we will offer a long suggestion this morning.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price Signal Status Direction Entry Price Target Price Stop Price
Closed SELL 1.3120 Hit at 1.3090 1.3155 New Signal - Pending BUY 1.3095 1.3120 1.3060
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FTSE 100
Analysis The FTSE 100 traded sideways for yet another day on Friday and remained pretty much unchanged within the same trading range. However in some brokers our entry price was reached at exactly 6,840 points and in some platforms our stop was also reached to the point so we will call our short suggestion as a loss. For the day ahead we will offer a long one in case the London index pushes higher today.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price Signal Status Direction Entry Price Target Price Stop Price
Closed SELL 6,840 6,815 Hit at 6,870 New Signal - Pending BUY 6,880 6,895 6,860
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Gold
Analysis Gold retreated lower on Friday as the Dollar was advancing against all of its counterparts and we were able to make a good profit out of this move with our short suggestion. Now that Gold has reached near its previous lows though we will remain neutral and wait to see whether a reversal opportunity will arise.
Trade scenario Signal Status Direction Entry Price Target Price Stop Price
Closed SELL $1,345 Hit at $1,341 $1,349
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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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