Forex Signals

Home Forex Market Analysis Forex Signals Page 12
Signals will list Live Trading Signals with Entry, Stop-loss, and Profit Targets (Future addition)

EUR/JPY Supported Over 122.980 – Is it a Good Time to...

During Thursday's Early European trading session, the EUR/JPY currency pair failed to stop its early-day declining streak. They took further offers around below 123.00 level mainly due to the intensifying coronavirus (COVID-19) cases in the U.S., Europe, and some of the notable Asian nations like Japan, which eventually exerted downside pressure on the market trading sentiment and contributed to the currency pair losses. As a result of worsening coronavirus (COVID-19) cases in Europe, the Eurozone started to face the risk of a renewed economic contraction, which tends to undermine the shared currency and contributes to the currency pair losses. Apart from this, the geopolitical tensions between China and some notable countries like the U.S. added a burden around the equity market. 

AUD/USD Ascending Triangle Pattern – Brace for Buying! 

The AUD/USD pair was closed at 0.75571 after placing a high of 0.75712 and a low of 0.75070. The currency pair AUD/USD rose on Tuesday amid the broad-based US dollar weakness and the RBA meeting minutes from the December meeting.

Hard Luck with AUD/USD Signal – What’s Next?

The AUD/USD extended its early-day gains and hit the intra-day high of 0.7069 marks mainly due to the broad-based U.S. dollar weakness. That was sponsored by the downbeat U.S. unemployment claims data, which fuel the fears that the U.S. economic recovery is failing. Apart from this, the market risk-on sentiment also undermined the safe-haven U.S. dollar and contributed to the currency pair gains. Across the pond, the gains in the S&P 500 futures, backed by the optimism over the coronavirus (COVID-19) vaccine/treatment, also lend further support to the currency pair.

EUR/JPY Bullish Engulfing Signals Further Buying – Quick Signal Update!

During Tuesday's early European trading session, the EUR/JPY currency pair managed to extend its overnight bullish streak and drew some further bids around closer to the 125.00 level mainly due to the market risk-on mood, which tends to undermine the safe-haven Japanese yen and contributes to the currency pair gains. Hence, the market trading sentiment was being supported by the prospects of a COVID-19 vaccine.

USD/CHF Heading North to Complete 38.2% Fibonacci Level – Brace for...

The USD/CHF trade is sharply bearish to drop until the 0.8885 level, holding above a support level of 0.8880 amid a stronger U.S. dollar. The tussle between China and the U.S. kept gaining market attention and challenged the market risk tone. As per the latest report, the Trump administration was preparing sanctions on at least a dozen Chinese officials in the wake of their alleged role in China's disqualification of elected opposition legislators in Hong Kong.

USD/CAD Supported Over Triple Bottom – Brace for a Trade Here! 

The USD/CAD pair was opened at 1.27142, and it has placed a high of 1.27358 and a low of 1.26950 since then. The pair was currently moving at 1.27035 and was posting losses on Monday for the 5th consecutive session. The losses in the USD/CAD pair during the Asian session on Monday could be attributed to the US dollar's weakness along with the rising crude oil prices on the day. The deteriorated risk-sentiment could also be a factor behind the USD/CAD pair's declining prices on Monday. 

Gold Bearish Breakout – Brace for Selling!

<script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script>

USD/CAD Trades Descending Triangle – Traders Loom for a Breakout!

The USD/CAD pair was closed at 1.28286 after placing a high of 1.28254 and a low of 1.27678. The USD/CAD pair was raised on Tuesday due to declining crude oil prices and improving the market's risk sentiment. The risk sentiment in the market surged on Tuesday after a combination of supporting factors. The rising hopes for global economic recovery after the latest news that Great Britain has officially started using Pfizer coronavirus vaccine to treat coronavirus patients on Tuesday added to the market's risk sentiment.

EUR/JPY Breaking Over Intraday Resistance – Buy Setup In-Play

During Monday's Asian trading session, the EUR/JPY currency pair managed to gain positive traction and edged higher above the 130.00 level due to the market risk-on mood, which tends to undermine the safe-haven Japanese yen and contributes to the currency pair gains. Hence, the upbeat market sentiment was supported by optimism over a potential vaccine/treatment for the highly infectious coronavirus, which boosted the sentiment around the shared currency and helped the currency pair to stay bid. 

Gold Upward Channel Supports Buying in Gold – Brace for Buying! 

The yellow metal prices failed to extend its previous session winning streak and edged lower around $1,919 during the European trading session. However, the broad-based U.S. dollar strength could be considered one of the main reasons behind the yellow-metal fresh selling bias. The gains in the U.S. dollar came into existence after the U.S. House Speaker Pelosi rejected Friday's proposal from Trump, concerning the coronavirus (COVID-19) aid package worth near $1.8 trillion. 

Watch this Breakout Before to Buy

Description

USD/CAD Sideways Channel Remains Intact – Brace to Trade Breakout! 

The USD/CAD pair was closed at 1.28179 after placing a high of 1.28332 and a low of 1.27691. The USD/CAD pair was choppy on Wednesday as it dropped to weekly lows in the early session but recovered all of its losses in the late session. The Bank of Canada released its interest rate decision on Wednesday that drove the USD/CAD pair lower in early trading hours. Later the crude oil prices and the strength of the US dollar pushed the pair higher on board.

AUD/USD Stops Previous Day Losing Streak Amid Downbeat China CPI, PPI

The AUD/USD failed to extend its overnight bullish bias and remains on the backfoot after returning from the 8-week high the previous day. However, the reason could be traced to China's weaker than expected inflation data for October, which initially undermined the Australian dollar and contributed to the currency pair losses. Besides this, the reason for the bearish sentiment around the currency pair could also be associated with the U.K. government's defeat to convince the House of Lords over the necessity to have the rights to edit the Brexit deal by the Tory members. 

Upward Channel Supporting Buying in Aussie – Get Ready for a...

The AUD/USD continues trading bullish at the 0.7740 level, heading further higher, but only if the Aussie gets to violate the 0.7740 resistance level. The dollar seems to get weaker amid a rising number of coronavirus cases despite the vaccine rollout raised fears and supported the appeal for safe-haven, but the dollar is getting weaker. Ultimately weighed on the risk-sensitive Aussie that added in the losses of the AUDUSD pair.

AUD/USD Upward Channel Supports – Brace for Buying 

During Monday's early European Asian trading session, the AUD/USD currency pair succeeded to extend its previous session gains and caught some sharp bids around above 0.7300 level mainly due to the risk-on market sentiment, which tend to underpin the perceived risk currency Australian dollar and contributes to the currency pair gains. Hence, the market trading sentiment was being supported by optimism over a potential vaccine for the highly infectious coronavirus disease. Apart from this, the market trading sentiment was further bolstered by China and Japan's positive data, which suggests gradual recoveries in global economics. This, in turn, provided an additional boost to the currency pair.

Litecoin Shows Two Potential Scenarios

Litecoin is progressing slightly upward within a complex structural series, which leads to foresee two possible scenarios.

GBP/USD Bounces off Upward Trendline Support – Quick Update on Signal

The GBP/USD pair closed at 1.33222 after a high of 1.33975 and a low of 1.32636. The British Pound raised to its 10-weeks high level and then gave up some gains against the U.S. dollar in late trading sessions on the back of U.S. dollar strength. The rise in GBP/USD pair came in after the rising optimism over a Brexit deal after the European Commission reportedly told E.U. ambassadors that 95% of a post-Brexit deal had been agreed.

USD/CAD Bearish Continues to Dominate the Market- Sell Signal In-Play

The USD/CAD pair was closed at 1.29183 after placing a high of 1.29584 and a low of 1.29098. The USD/CAD pair dropped for the second consecutive day on Wednesday towards its lowest since October 2018 amid the broad-based US dollar weakness and rising crude oil prices.

EUR/JPY Extends Bullish Bias Amid Faded Safe Haven – Signal Update 

During the Wednesday's Asian trading hours, the EUR/JPY currency pair extended its Asian session winning streak and remain bullish around above 124.50 level mainly due to a fresh and robust rebound in the equity markets, which undermined the Japanese yen's safe-haven demand and turned out to be the key factor that extending some support to the USD/JPY currency pair. However, market traders digested the US President Donald Trump's decision to cancel talks with Democrats on the stimulus package. This was witnessed after the steep fall in the US equity markets turned out to be short-lived. 

AUD/JPY Pair Failed to Gains Positive Traction – Brace for Selling!  

Today in the Asian trading session, the AUD/JPY currency pair failed to keep its early-day bullish momentum and dropped well below the 76.00 level despite the upbeat market sentiment. However, the reason for the prevalent bearish sentiment around the currency pair could be associated with the RBA's announcement of no rate change, as well as, the RBA has a dovish view on the Australian economy, which could be considered as one of the key factors that undermine the Australian dollar and contributed to the currency pair losses. Across the pond, the currency pair declines were further bolstered after the US Secretary of State Mike Pompeo said Japan's Prime Minister (PM) Yoshihide Suga would strengthen the relationship with the US. Thus, the Japanese yen got impressed by the above comments, which adds further downside pressure around the AUD/JPY currency pair. 

USD/CAD Extended Overnight Gains & Hit the Intra-Day – Elections In...

Today in the Asian trading session, the USD/CAD currency pair managed to stop its three-day downtrend and witnessed some heavy buying around above mid-1.3200 level, mainly due to the broad-based U.S. dollar strength. However, the bullish sentiment around the U.S. dollar was being supported by President Donald Trump's victory in Florida, which pushed the currency pair intraday high. 

AUD/USD Bullish Channel Underpins – Signal Outlook!

The AUD/USD pair is trading with a bullish bias at the 0.7486 level, heading upward until the next target level of 0.7520 level. The risk-sensitive AUD experienced following Britain's top medical expert urged people with notable allergies to not utilize the coronavirus vaccine from Pfizer and BioNtech as it will give them an unfavorable response. This information came in after two people were advised to have drastic consequences from coronavirus vaccine usage.

EUR/JPY Downward Channel Drives Green Pips – Qucik Update on Signal!

The EUR/JPY extended its previous session losing streak and dropped below 119.785 level, mainly due to increased safe-haven demand of Japanese yen. The reason for the EUR/JPY pair declines could also be attributed to the risk-off market sentiment underpinning the safe-haven Japanese yen and contributing to the currency pair gains. 

AUD/USD Heading North to Test Triple Top – Brace for Selling! 

During Tuesday's European trading session, the AUD/USD currency pair succeeded to extend its previous session winning streak and caught some further bids around above 0.7700 level mainly due to the fresh upticks in S&P 500 futures, which tend to underpin the perceived risk currency Australian dollar and contributes to the currency pair gains. Hence, the market trading sentiment got support from the fresh hopes of the coronavirus vaccine and the U.S. covid stimulus.

AUD/USD Symmetric Triangle Pattern – Potential Sell Trade!

The AUD/USD closed at 0.77738 after placing a high of 0.77772 and a low of 0.76865. The AUD/USD pair recovered on Tuesday after the US dollar came under fresh pressure due to the US's rising political risks.

Gold’s Choppy Session Continues – Trader’s Brace for a Breakout 

The yellow metal prices failed to stop its previous day losing streak and dropped to 1,923.20 level mainly due to the broad-based U.S. dollar strength, backed by the upbeat prints of the NFIB Small Business Index and anti-risk moves. However, the broad-based U.S. dollar strength could be considered as one of the main reasons behind the yellow-metal latest weakness. 

Gold Loses Safe Haven, Can Triple Bottom Underpins? 

What's happening on Gold? On Monday, the yellow metal gold prices were headed distinctly lower, slipping beneath a psychologically vital level at $1,500 on the last trading day of

USD/CAD Breaking Below Double Bottom Level – Selling Bias in Play! 

The USD/CAD pair was closed at 1.27993 after placing a high of 1.28328 and a low of 1.27738. After posting losses for four consecutive days, the USD/CAD pair raised on Monday amid the US dollar's strength and declining crude oil prices. On Monday, the US dollar was strong in early European trade as the coronavirus cases continued to rise and lockdowns expanded that added weight on the hopes of the US economic recovery. The US Dollar Index that tracks the greenback against the basket of six other currencies raised by 0.3% to 90.993 and supported the USD/CAD pair's an upward trend.

AUD/JPY Triple Top Pattern Offering Sell Trade – Quick Update! 

During Wednesday's Asian trading session, the AUD/JPY currency pair failed to halt its modest bearish moves and remained depressed near below the 77.00 level due to Australia's downbeat housing data, which tends to undermine the Australian dollar and contribute to the currency pair declines. Apart from this, the reason for the currency pair's losses could also be attributed to the prevalent Brexit risks and trade tussles between China and the West, which keep challenging the upbeat market mood and undermining the perceived riskier Australian dollar. 

AUD/USD Weakens Despite the Intensifying Coronavirus (COVID-19) – Upward Channel Breakout! 

During Thursday early Asian trading session, the AUD/USD currency pair successfully extended its overnight winning streak. It drew some further bids around below 0.7300 level, mainly due to the risk-on market sentiment, which underpins the perceived risk currency Australian dollar and contributes to the currency pair gains. Hence, the market trading sentiment was being supported by optimism over a potential vaccine for the highly infectious coronavirus disease. 

Gold Signal Hit Take Profit – Risk-off Sentiment In Play! 

The yellow metal prices managed to stop its previous day losing streak and took some modest bids around well above the $1,830 level mainly due to the broad-based U.S. dollar weakness, which tends to underpin the gold prices as the price of oil is inversely related to the price of the U.S. dollar. However, the sentiment around the U.S. dollar was being pressured by the optimism over the coronavirus vaccine and the probability of U.S. economic stimulus measures, which urge investors towards riskier currencies and higher-yielding assets against the safe-haven asset.

Daily F.X. Analysis, December 08 – Top Trade Setups In Forex...

On the news front, the market is likely to remain muted in the absence of high impact events. Italian banks will be closed in observance of Immaculate Conception Day while the Frend Trade Balance, European Revised GDP q/q, and German ZEW Economic Sentiment will remain in the highlights today.

Gold Trades Dramatically Bullish Over Risk-off Sentiment – Quick Intraday Outlook! 

The yellow metal gold price continued to extend their previous day's bullish bias and took some modest offers around the $1,888.93 level—the bullion prices battle Wednesday's high despite a U-turn from $1,844 post-Fed. However, the modest downtrend in the yellow-metal prices was mainly tied to the optimism surrounding U.S. coronavirus (COVID-19) stimulus and the upbeat Brexit headlines, which kept the market trading sentiment positive and undermined the safe-haven metal prices. 

EUR/USD Regression Channel Continues to Drive Selling – Update on Signal! 

The EUR/USD pair was closed at 1.16445 after placing a high of 1.17041 and a low of 1.16398. The EUR/USD pair extended its losses for the 5th consecutive day on Friday and remained bearish throughout the day. The main driver behind the steepest fall in Euro currency this week was the market concerns about the rising number of coronavirus infections in Europe and the effects of the social distancing measures to curb them. 

AUD/USD Upward Channel In-Play – Daily Outlook! 

The AUD/USD opened at 0.75996, and it has placed a high of 0.76185 and a low of 0.75824 so far. AUD/USD pair seemed to extend its previous gains after moving in a bullish trend for two consecutive sessions on Monday. The upward momentum in the AUD/USD pair could be attributed to the US dollar weakness and rising risk sentiment in the market after a long weekend. The main reason behind the improved risk sentiment and the US dollar weakness was the news that US President Donald Trump has signed the second stimulus relief bill on Sunday.

Gold Surge Amid Boosted Haven Appeal – Trade War In Focus!

 Today in the early European session, the safe-haven metal prices slipped due to less expectation of the rate cut by the Federal Reserve. Earlier today, the U.S. Gold was