Market analysis and insights on Forex & Commodities!

Follow-up on GBP/AUD Trade – US$2,966 Profits Locked in!

Following up on our major trade call of the week, we have locked in US$2,966 of profits for the week on this one trade, and many of our hardworking forum members have also been doing their homework (15 minutes a day) and reaping the rewards from the markets.

If you are unsure where to start or are unable to achieve consistent profits, join our friendly community in this FREE forum and get started immediately!

Forex Trading Updates: AUD/USD & GBP/AUD

At the start of this week, we made some trade calls in our FREE forum, and today we are reaping some of the profits together! 😀

Market Analysis & Follow-up: Gold, USD/CHF, Bitcoin, S&P 500, etc

Recently, there has been quite some movement in the markets on various asset classes, and we have been following them closely.

In my last “Trading Foundation Workshop”, I gave 2 live calls, namely to go long on the USD/CHF, and short on Gold. Here are some charts:

A nice double-bottom breakout pullback shows good odds of a reversal

Turning down after hitting strong resistance

 

In my workshop last night for my TMP graduates, our analysis revealed that there was much strength in EUR & GBP, while there was weakness in CAD, CHF, JPY, and especially AUD and NZD. This means that if you follow the trend, the odds are good for going long on most EUR and GBP crosses.

Break of trendline followed by break of resistance levels

 

Last Saturday, during my talk at the “ShowFX Asia Conference” at MBS, I also shared some analysis on Bitcoin and its direction, and why I think it will continue to head up.

Glad to share the stage with fellow speaker Stuart McPhee, who is a famous Australian trainer who used to train for OANDA. #showfxasia

A post shared by Spencer Li ?? Synapse Trading (@iamrecneps) on

Lastly, for the S&P 500, many people have been calling for a big crash based on the “10-year October cycle”, but the price has continued to defy gravity and kept on drifting up. However, based on chart, I think it will take one of these 2 possible paths. Either way, the reward vs. risk is not ideal for taking long-term long positions now.

Note: the red bar denotes the month of October

I hope you have managed to catch some of these exciting moves in the market, and till we meet again, trade safe, and remember to follow all the cardinal rules of trading.

Cheers!

An Exciting Week of Trades – AUD/CHF, EUR/USD, NZD/USD, etc!

Last week, we had some pretty decent trades in, netting close to US$2,000 in profits for a handful of quick trades, riding on the strength of the USD after the FOMC.


 

Also took the chance to check out my new house:

 

For those who are keen to join our private network for timely trade calls, you can reserve your spot here, but do so early, as we only allow 20 new people to join each quarter!
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GBP/USD – Predicting the Big Short (And Cashing Out Big Profits on it!)

Last week, the Pound suffered its steepest daily fall of 2017 after a shock election result denied any party a majority in parliament days before Brexit negotiations begin.

Source: The Telegraph

Thankfully, our Synapse Network came fully prepared to profit from this move! 😀

Here is a highlight of the early prediction given by Spencer several days before the sharp plunge:

While waiting to short Gold, we took a short-term long trade to make some quick bucks on the side.

 

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