Massive Profit Opportunities to Kickstart 2018

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HIGHLIGHTS FOR 2017

At the start of 2017, we shared several huge profit potential opportunities with our community of traders. Here are some of the highlights on how they have performed at the end of 2017.

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US Dollar (DXY)

Our bias at the start of 2017 was bullish with the overarching idea that the US Dollar will strengthen in accordance with the rate hike from the FED. We were proven wrong on this analysis, and did not move quickly enough to switch our bias and ride on the down move.

The US Dollar dropped a total of 12.34% in 2017 between the start of the year to early September. There were various opportunities to ride this downtrend, but we missed the opportunity to ride and follow through this move. 

Analysis of US Dollar on 31st December 2016

Chart of US Dollar on 21st December 2017

USD/CAD

We forecasted and was expecting this drop since the start of 2017. The fall didn’t come until May 2017, but we have been regularly reminding our community of traders of the huge drop on this pair throughout the year.

As the year comes to an end, USD/CAD experienced a 12.56% drop from it’s high to the recent low.

Analysis of USD/CAD on 31st December 2016

Chart of USD/CAD on 21st December 2017

EUR/AUD and EUR/NZD

Lastly we have the EUR/AUD and EUR/NZD trades. From the low to the high of 2017, both EUR/AUD and EUR/NZD rallied by 15.74% and 20.26% respectively. Very similar to the USD/CAD trade, we forecasted and was expecting this rally since the start of the year.

Analysis of EUR/AUD on 31st December 2016

Chart of EUR/AUD on 21st December 2017

Analysis of EUR/NZD on 31st December 2016

Chart of EUR/NZD on 21st December 2017

FOCUS FOR 2018

As 2017 comes to a complete cycle, it’s time for us to lookout for some huge profit potential opportunities to trade for 2018.

1) GBP/USD

Going into 2018, we are expecting to see a major fall in GBP/USD, potentially targeting 1.1890 area. A break below the inner trend line will give us the confirmation of the start of the downtrend.

2) USD/CHF

Taking into consideration the macro and fundamental perspective of the US economy and the Fed, we are expecting the US Dollar to gain strength going into 2018. Focusing on USD/CHF, 0.9600 – 0.9670 present a very good opportunity to start accumulating Dollar, potentially targeting 1.0290 area.

3) CAD/JPY

For this pair, we are holding a bullish bias, expecting price to hit the 94.60 area. Price has broken the trend line before the New Year. I will be monitoring this pair starting next week to see if the market present any good opportunity for accumulation.

These pairs are in my personal watchlist for 2018 based on a combination of macro, fundamental and technical analysis. A detailed report for 2018 Macro and FX Outlook will be ready for download next week.

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ATTEND OUR NEXT WEEKLY FOREX MEETUP

8TH JANUARY 2018

If you want to hear us talk about these potential trades in person and more, join us for our free weekly meet-up where Alpha Play coaches share our outlook on the current market trends for currencies and how current affairs will affect the financial markets over the short and medium terms. This information is useful to Forex traders and even non traders curious about currencies trading.

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A self-taught trader, Kar Yong was once featured in Channel News Asia’s Money Mind Young Investor. He was also featured as a Social Guru on the eToro social trading platform where he led the path for more than a thousand traders in confusing market conditions by sharing his trading strategies through forums and blog posts. Today, he teaches his proprietary 4 Pillar Forex Trading Strategy to students from all over the world.

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