In our opinion the following Forex Trading Positions are justified - summary:
EUR/USD: none
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none
Today’s alert is going to be very quick as Nadia Simmons is not able to write the regular issue today due to health concerns and at the same time it seems to me (Przemyslaw Radomski here) that there are practically no new signals based on yesterday's and today's session (at least so far). Consequently the best course of action seems to be waiting for additional signs and enter new positions once they become available and the risk to reward justified them. This year has been very profitable and results of the forex trades have greatly contributed to it. We'll strive to provide you with even greater profits in the following weeks and months of the year, but sometimes it's simply best to wait through the unclear periods and it seems that we are still in one right now.
Thank you.
Przemyslaw Radomski, CFA