Updated Strategy on the EUR/USD
Daily analyse
Yesterday, the Stockholm International Peace Research Institute published its annual report on global military spending.
Military spending has never been so high since the end of the Cold War. They are largely fuelled by Asian countries and the war in Ukraine.
However, it is important to put the bellicose nature of this spending into perspective, as many Asian countries are engaged in military modernization policies due to the growth of their economies. Some Southeast Asian countries are even seeing their spending fall as a percentage of GDP.
Daily Backtest
The backtest was carried out with 5 minute candles over 30 days. The result was approved by Walkforward testing.
| Asset | SMA 1 | SMA 2 | Return | Drawdown | Supp/Resist |
|---|---|---|---|---|---|
| EUR/USD | 27 | 81 | 2 % | - 0.8 % | 1.07080 |
Strategy
Based on our backtest, this is our strategy for today.
| Asset | Direction | Buying Price | Selling Price |
|---|---|---|---|
| EUR/USD | Long | 1.07080 | 1.07300 |
Portfolio Return
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