Looking to Make a Quick Buck?

Looking to Make a Quick Buck?

Looking to Make a Quick Buck?

EURUSD – This pair is picking up it seems but as per our analysis it is only being bought to be sold again. The EURUSD is in a down trend and the market will want to raise it again probably to around 1.0520 / 1.0540 regions before they are selling it again all the way towards the 1.0250 levels and beyond. So it is worthwhile following to see how this is going to turn out and there will be profits.  

AUDUSD –  Looking to make a quick buck on this pair seems reasonable if we break above the resistance 0.7220 and then the market should see 0.7250/70 levels. Be mindful the general trend is down and like the EURUSD they will look to sell this when it goes up! But no need to pass a good opportunity with a quick profit if market breaks up that’s for sure… 

 

 

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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

 

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