PaxForex is expected to make portfolio changes to its open trading positions taken at the beginning of the second-half and hedge its forex positions partially in order to reduce total risk exposure and position the forex portfolio for more growth potential in order to close out 2014. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our forex trading strategy. We currently have twenty-four open trading positions in our forex portfolio.
We had the following five trading recommendations this week:
- Monday, November 3rd – EURUSD November 3rd 2014; Long @ 1.3600, 1.3475, 1.3385, 1.3280, 1.3180 and 1.2950
- Tuesday, November 4th – USDCHF November 4th 2014; Short @ 0.8985, 0.9020, 0.9090, 0.9180, 0.9325 and 0.9505
- Wednesday, November 5th – Gold November 5th 2014; Long @ 1,267
- Thursday, November 6th – USDJPY November 6th 2014; Short @ 102.100, 103.350, 103.900, 105.000, 105.300 and 106.900
- Friday, November 7th – GBPUSD November 7th 2014; Long @ 1.7015, 1.6895, 1.6645 and 1.6465
