Forex signals
A good day for our Forex signals subscribers. We gave a sell signal in usd/jpy and usd/chf. Both currency pairs crashed and our subscribers exited at targets. Here are our fx trades which we gave to our subscribers.
Sell usd/jpy at 112.34 with stop loss of 112.66 for target of 111.90. Usd/Jpy crashed beautifully and our subscribers exited at 111.90. We fetched nearly 44 pips in this trade and ended up making more than $400 profit per lot.
Currently usd/jpy trading at 111.81, A good support in this fx pair stands at 111.45, If traders break and sustain below this level. Then expect more pressure in this currency pair upto 111- 110.70 today. Trend is weak so avoid major buy in this.
Our second signal was: Sell usd/chf at 0.9987 with stop loss of 1.0021 for target of 0.9944. It crashed and our subscribers exited at 0.9944. We fetched nearly 43 pips in this trade. We extracted more than $400 profit per lot in this forex trade.
Currently usd/chf trading at 0.9940, A good support on this major fx pair stands at 0.9890, If traders break and sustain below this level. Then expect good pressure upto 0.9850- 0,9810 in upcoming days. Trend is weak so avoid buy in this pair.
Gold signal
Gold signal initiated today after London market opened. We gave a buy in this bullion. Xauusd fired and our subscribers exited at target. Here is our gold trade today.
Buy gold at 1225$ with stop loss of 1217$ for target of 1232$. It made high at 1232.20$ and our subscribers exited on our target. We fetched nearly 70 pips in this trade and made $700 profit per lot.
We mentioned good resistance in gold price at 1232$ in our today’s report. It tested exact same level and currently trading at 1227.70$. A good support on chart now stands at 1217$ which was our stop today. If traders manage to break this and sustain below our support. Then expect more pressure upto 1210$- 1201$ today
A good resistance again at 1232$, Market need to cross this hurdle and sustain above our resistance. Once price stable above this level. Then expect good recovery upto 1239$- 1246$.
Conclusion: Gold trend is flat to positive for now but we wont encourage any fresh buying in bullion anymore.
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