PaxForex decided not to take active positions in any Swiss Franc related pairs as from a technical standpoint not enough data has been provided in order to create a proper analysis. The Euro has resumed its contraction which created attractive trading opportunities while caution is advised with the Japanese Yen. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our strategy. We currently have ten open trading positions in our forex portfolio.
We had the following five trading recommendations this week:
- Monday, January 12th – EURUSD January 12th 2015; Long @ 1.3180, 1.1900, 1.1790 and 1.1610
- Tuesday, January 13th – USDCHF January 13th 2015; None
- Wednesday, January 14th – USDJPY January 14th 2015; Short @ 106.900
- Thursday, January 15th – Gold January 15th 2015; Short @ 1,209
- Friday, January 16th – GBPUSD January 16th 2015; Long @ 1.5625, 1.5555, 1.5420 and 1.4965
