Swap game May 18, 2014: EURNOK, NZDSGD

EURNOK - on the weekly chart we could note that the cost is moving in a downtrend. The daily chart demonstrates the strong support was broken. If the cost will test this resistance, it will soon be an attractive destination for a have a short position around 8.20 an acceptable S / L will be at 8:45 and a T / P at 8.05. Additional earnings will soon be earned by swap points PLN 14.42 each day of holding an open position of 1 lot with the Iron FX broker.

NZDSGD - we are now seeing a correction in the trend. A stylish destination for a go long is the 1.062 level, in cases like this the T / P will be 1.098, an acceptable S / L would need to be 1.038. For an extended position of 1 lot, we shall receive PLN 10.7 each day of holding an open position with the Iron FX broker.

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