The Forex Report had another banner week with a 1400 pip gain last week, with the big one coming on the EUR/AUD pair. All in all, the commodity currencies are getting beat up pretty good while the rest of the majors are moving up against the USD. Finally stopped out on the USD/JPY as the Yen is a safe have currency for the Asian markets. With the capital outflow from China from their surprise decision to devalue the Yuan, and the Asian stock markets getting butchered in the last week, the Yen has performed very well against the USD as well as other currencies. No new trades as everything is over-extended. However, we do have 3 ongoing to discuss trailing stop losses.
The Forex Report is posted for everyone this week, if you like the Report, become a Pro member and get in the game one trade at a time.
EUR/USD: No Trade
EUR/AUD: Ongoing up 1000 pips last week
GBP/USD: No Trade
AUD/USD: Ongoing up 200 pips last week
USD/JPY: Stopped Out under 124
USD/CHF: No trade
USD/CAD: Ongoing up 200 Pips
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