The USD held onto some strength today dragging the charts away from their short-term trends on most USD pairs.
Interesting pairs I’m keeping a close eye on are USDCHF and NZDUSD, both have come into the trading channel and if the markets continue to resume their trends, then these will both present an opportunity to trade.
NZDUSD has been in a steady bullish trend for near two months solid without entering the trading channel. So may be a great opportunity to buy…
Although, as funds are waiting to be released, any trading done on my end will only be demo or paper trading….. booooo!
Talking of paper trading, AUDUSD long trade I would have been, would have been closed today as that also entered into the trading channel… a small win though of only about 80 pips.
My 3 EOD trades on IG Demo account:
BT Group PLC – Short Position
Kontron AG – Long Position
Informa PLC – Long Position
Still the same as previous days.
A slight return to the trends for all these trades sees me into a little bit more total profit, and still two sit at a minor loss…
I may not have many eggs but at least they’re not all in one basket!