EURGBP this week has been very profitable giving us a technical move that many traders ignore. As I mentioned yesterday, this currency pair has reached the bottom of the trend and is now retracing. Remember that only 20% of the money are made against the trend whilst 80% are made with the trend. So, because you are a professional and smart trader you will wait for a sell opportunity. It is now unclear how the EURGBP will do the correction, however you are invited in the either London or New York room by clicking on the 10 day free pass image.


 

Take My Trades, Forex signal service and education is provided for the purpose of learning about the Forex market. It does not aim to guarantee that you will be a successful trader overnight, this is a process that takes time and commitment, learning the fundamentals and technicality of the financial market. This service shows how a successful trader reviews the trends and signals of the market and takes trades based on fundamental trading rules. Take My Trades is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the currencies or other instruments featured on this website. You understand and acknowledge that there is a very high degree of risk involved in currencies and other leveraged financial instruments. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results.

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GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

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Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

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Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

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Week ahead – US GDP and BoJ decision on top of next week’s agenda

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US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

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