This has been a pretty good week for us, both in regards to forex signals and new signals for other financial instruments that we have introduced this year, such as gold, S&P and WTI Oil.
Today has been the tame so far. Yesterday we opened a sell forex signal in USD/JPY at 113.19 because the price was having trouble climbing higher than that.
This forex pair dipped to the 50 SMA (yellow) on the hourly chart in the morning, and in the afternoon it started climbing. Yet, the 20 SMA (green) was providing resistance, so we decided to open a sell forex pair there.
Now USD/JPY finally broke yesterday´s resistance
I now see that this forex signal was closed overnight as this forex pair dipped again before shooting higher this morning. Knowing how to read the price action pays off.
We also opened a sell signal in NZD/USD in the afternoon. As I mentioned in the last update yesterday, this forex pair had completed a retrace on the hourly chart and the 50 SMA was providing resistance on the top.
So, we decided to take that trade, which just hit take profit. We´ve had a good run so far and hopefully, we´ll keep up the performance throughout the week.
New Instruments in our Forex Signals Service
We’ve recently incorporated some exciting new financial instruments into our trading signals service -gold and crude oil. We will add more instruments soon, such as CryptoCurrencies, so keep an eye out for analysis on these new instruments.
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