Forex signals
A good day for our Forex signals subscribers, We asked them to buy our favorite pairs of usd/chf and usd/jpy. Both fired and we exited with good profits. Here are our Fx trades which we gave to our subscribers last night.
Buy usd/jpy at 111.06 with stop loss of 110.74 for target of 111.48. It fired and our subscribers exited at our target of 111.48. We made more than 40 pips in this trade and juiced nearly $400 profit per lot.
Currently usd/jpy trading at 111.36, A good resistance on this forex pair stands at 111.52, If traders break and sustain above our resistance. Then expect good rise in this currency pair upto 111.90- 112.30 today.
A good support on this fx pair stands at 110.90, If traders break and sustain below our support. Then expect more pressure upto 110.50- 110.20 todayl
As stated in our gold price forecast today, Dollar Index is trading positive and trend is positive for dollar now. So trend of major USD pairs are positive.
Another signal we initiated in usd/chf. We asked to buy at 0.9922 with stop loss of 0.9888 for target of 0.9962. We exited this position at 0.9936 with 14 pips profit. We made nearly $140 profit in this trade.
Currently usd/chf trading at 0.9945, A good resistance on its chart stands at 0.9955, If traders break and sustain above our resistance. Then expect good rise upto 0.9990- 1.0020 today.
A good support in this forex pair stands at 0.9910, If traders break and sustain below this level. Then expect some correction upto 0.9870- 0.9830 today.
Usd/Chf trend is positive for now.
Dollar and Equity markets are trading higher, We wont recommend any selling in USD pairs for now. We already covered our buy position so no buy either. Wait for good entry to initiate a safe trade in market.
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