After last week’s stellar performance, did this mechanical system score another impressive run? Take a look at the latest positions to find out.
EUR/USD is still in selloff mode after previously hitting its full PT on a short position. No new crossovers were seen, so there are no signals just yet.
Cable also hit its full 300-pip target in the earlier update and had a few more bearish moves in the next few days, so there were no crossovers or stochastic pullback signals on this one.
Price is starting to pull up, though, and the gap between the moving averages has narrowed enough to suggest that a new crossover might be in the cards next week.
As for EUR/JPY, there were no new signals, too! The pair moved mostly sideways and might be gearing up for a new crossover later on as well.To summarize, there were no new signals in the past few days as forex trends and the SMA Crossover Pullback system took a quick break after the earlier 684-pip win or 4.56% gain on the account.