The Greenback brought sexy back last week, which resulted to strong trends for this forex trend catcher to munch on. Check out the winning signals!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Though we only saw five signals from EUR/USD, two of the signals churned out decent profits. In fact, we probably would’ve seen more gains from the system if not for its tight trailing stop loss parameters! By the end of the week two winning signals and one losing one translated to a net gain of 108 pips for the HLHB System. Woot! Woot!
With dollar domination in the front seat for most of the week, it was easy for European currencies to slide against the Greenback. Of course, it might have also helped the dollar that U.S. equities made a comeback at the same time when concerns over China’s economy and falling commodity prices limited the high-yielding currencies’ gains. GBP/USD threw out 7 signals but only 1, which yielded a 39-pip win, turned out to be valid. Not a bad way to end the month, right?
Cheers to more trending forex price action next week!