Check out these potential profits that you may have missed from our Daily Market Analysis.
- GBPUSD reaches all profit targets
- Crude bulls pockets 63 points
1) EURGBP extends downside pressure
- Where and when was Target Price (TP) published?
This technical scenario (EURGBP) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow.
It can be found in the MyFXTM profile under Trading Services… FXTM Trading Signals.
- What happened since TP was published?
After consolidating in the Asian session, the EURGBP extended losses this morning thanks to mixed data from Germany and dovish remarks by an ECB policymaker.
- How much in potential profits?
The EURGBP tumbled through all bearish profit targets on the H1 timeframe.
Given how the entry was at 0.85713, this is equivalent to 20 pips of profit.
2) GBPUSD hits all target levels
This technical scenario (GBPUSD) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow.
It can be found in the MyFXTM profile under Trading Services… FXTM Trading Signals.
- What happened since TP was published?
The major currency pair tumbled this morning, dragged down by an appreciating dollar.
- How much in potential profits?
Considering how the entry was at 1.26267, this is roughly 15 pips of profit on the M15 timeframe.
3) Crude touches 4th and final profit target
This technical scenario (Crude) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow.
It can be found in the MyFXTM profile under Trading Services… FXTM Trading Signals.
- What happened since TP was published?
Oil prices are rising on expectations around OPEC+ supply cuts tightening global oil markets.
- How much in potential profits?
The fourth and final profit target was hit at $82.29, which is 63 points away from the entry price.
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com
