Currency Trends

Good morning traders,

I wanted to give you an update on the latest forex trends before going into the long weekend so you are all prepared in advance for next week and also todays pivot points. I also wanted to share with you some comments from an email I received from Sonia regarding her trading.

Sonia has recently been through the forex webinars and subsequently sent in an email informing us how she is doing. Last week she made money on all her trades execept one. The risk management has given her more clarity and confidence and fibonacci has provided her a great way of using ESLT. Sonia has also encountered great success with Double Deviation like so many others. Enjoy your weekend Sonia and good trading to you and all of your colleagues for the future.





At the time of writing this update, the daily GBPUSD (chart below) has moved up over 150 pips and is attempting to retest the big figure. This will most likely provide an opportunity soon so look out for a trade set up.


Chart courtesy of Advanced Get. Data provided by eSignal.

Good trading.

Javid Shaik
Forex Analyst