PaxForex slashed its floating trading losses by one-third over the past trading days and expanded its forex portfolio. Fourth-quarter profits are expected to exceed third-quarter profits for a strong finish to the 2014 trading year. 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 twenty-two open trading positions in our portfolio.
We had the following five trading recommendations this week:
- Monday, October 13th – EURUSD October 13th 2014; Long @ 1.3600, 1.3475, 1.3385, 1.3280, 1.3180 and 1.2950
- Tuesday, October 14th – USDCHF October 14th 2014; Short @ 0.8985, 0.9020, 0.9090, 0.9180 and 0.9325
- Wednesday, October 15th – Gold October 15th 2014; Long @ 1,267 and 1,237
- Thursday, October 16th – USDJPY October 16th 2014; Short @ 102.100, 103.350, 103.900, 105.000 and 105.300
- Friday, October 17th – GBPUSD October 17th 2014; Long @ 1.7015, 1.6895, 1.6645 and 1.6465