PaxForex closes week with 95 pips in profits

We closed the third week of January with 95 pips in net profits. A total of two trades were closed this past week, both for profits. We closed our GBPUSD for 75 pips in profits as our stop loss order was triggered and our silver position was closed for a profit of 20 pips as our stop loss order was triggered as well.

We had the following four trading recommendations this week:

• Monday, January 20th – AUDUSD Pending Reversal Rally; Long @ 0.8775
• Tuesday, January 21st – EURUSD Trades at Support; Currency pair rallied before pending order was triggered
• Wednesday, January 22nd – GBPUSD Forms Double Top; Short @ 1.6575
• Thursday, January 23rd – CADJPY Forms Falling Wedge Formation; Short @ 99.00 & 93.25; Hedge @ 92.50

In addition to the above four currency pairs we also have the following currency trades in our forex portfolio:

• #AUDNZD Currency Pair: Long @ 1.0825; Hedge @ 1.0600
• #EURAUD Currency Pair: Short @ 1.5125; Hedge @ 1.5500
• #EURCAD Currency Pair: Short @ 1.4780
• #GBPJPY Currency Pair: Long @ 173.75
• #USDCAD Currency Pair: Short @ 1.0825
• #USDCHF Currency Pair: Long @ 0.9125

We hope you enjoy your weekend and that we will see you back on Monday.