PaxForex finishes week with 385 pips in profits

Written by: PaxForex analytics dept - Thursday, 07 February 2013 0 comments

PaxForex finished the first week in February with 385 pips in net profits as seven open positions were closed; two AUDNZD long position, two EURCAD short positions, one CADJPY short position, one AUDUSD long position as well as one silver long position.

We had the following four trading recommendations this week:

Monday, February 3rd – GBPJPY Reversal Rally Set-up; First Long @ 173.50; Second Long @ 166.00; Hedge @ 165.25
Tuesday, February 4th – USDJPY Forms Falling Wedge; Pending Order Cancelled; Currency Pair rallied before pending order was triggered
Wednesday, February 5th – GBPUSD Drops to Support; Long @ 1.6260
Thursday, February 6th – AUDUSD Trades at Resistance; Pending Order

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

#AUDNZD Currency Pair: Short @ 1.0600;
#CADJPY Currency Pair: Long @ 99.00 and 93.25
#EURAUD Currency Pair: Short @ 1.5125; Hedge @ 1.5500
#USDCAD Currency Pair: Short @ 1.0825 and 1.1175
#USDCHF Currency Pair: Long @ 0.9125

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