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Signals will list Live Trading Signals with Entry, Stop-loss, and Profit Targets (Future addition)

EUR/JPY Triple Top Breakout – Brace for a Buy Trade

The EUR/JPY currency pair failed to stop its early-day losing streak and still flashing red around below 124.50 level mainly due to the intensifying coronavirus cases across Eurozone and lockdown restrictions in France and Germany, which keep fueling the worries over the Eurozone economic recovery and undermines the shared currency. These concerns got further lifted after the German Economic Minister Peter Altmaier said that COVID-19 infection numbers are still much too high in most regions, which adds further burden around the shared currency and contributes to the currency pair losses.

USD/CAD Breaks Below Support Level – Weaker Dollar In Play!

The USD/CAD pair was closed at 1.29907 after placing a high of 1.30247 and a low of 1.29719. The USD/CAD pair dropped on Friday after posting gains for two consecutive sessions amid the broad-based US dollar weakness.

EUR/USD Breaking Above Resistance Level – Brace for a Buy Trade!

The risk perceived EUR/USD pair gained traction on Friday after the optimism surrounding the market related to the coronavirus vaccine increased. The hopes for a quick economic recovery also increased along with the vaccine progress and supported the market's risk sentiment that lifted the global equity market.

USD/CHF Bearish Bias Continues to Dominate – Sell Signal Update!

During Monday's Asian trading hours, the USD/CHF currency pair failed to extend its last week winning streak and edged lower around the 0.9027 level. However, the bearish tone around the currency pair could be associated with the broad-based U.S. dollar weakness, triggered by the possibilities of further monetary easing by the U.S. Federal Reserve, which weakens the U.S. dollar and contributes to the currency pair losses. Moreover, the optimism over a potential vaccine for the highly dangerous coronavirus infection urges investors to retreat from the safe-haven asset, which also kept the U.S. dollar on the defensive and push the currency pair down. In that way, the COVID-19 vaccine optimism also weighed on the safe-haven CHF and became the key factor that helps the currency pair to limit its deeper losses. On the contrary, the on-going uncertainty over Brexit trade talks and fears of a full-fledged trade/political war between the West and China keep probing the upbeat market performance, which might push the currency pair further down. Currently, the USD/CHF currency pair is currently trading at 0.9029 and consolidating in the range between 0.9026 - 0.9047.

GBP/USD Upward Trend in Play – Quick Update on Buy Signal! 

Our forex trading signal on the GBP/USD pair is doing well as the market has bounced off over the 1.3330 support level. On the higher side, Cable may find resistance at 1.3400 level that’s extended by the double top pattern on the two-hour timeframe. Simultaneously, the bullish crossover of the 1.3400 level is likely to open additional room for buying until the 1.3446 level. On the 4 hour timeframe, the GBP/USD pair has formed a bullish channel that supports the pair at the 1.333 area, and violation of this level on the lower side can drive a strong selling trend until the 1.3270 mark. The RSI and MACD are suggesting a selling trend in sterling. However, I will prefer to open a buying trade over the 1.3330 area today as the market has the potential to go after the 1.3400 level. 

AUD/USD Upward Channel Continues to Support Bullish Bias – What’s Next?

The AUD/USD pair was closed at 0.73570 after placing a high of 0.73742 and a low of 0.73533. The Australian dollar tried to rally during the early session on Thursday but gave back some of its gains and ended up losing. This week has been quite supportive to the riskier currencies like the Australian dollar and Aussie has been on its highest since September level due to the combination of vaccine news, the beginning of Joe Biden transition, and the weakness of the US dollar.

GBP/USD Sell Signal Update – Brace for a Manual Close! 

The GBP/USD is trading bullish around 1.3396 level, facing resistance at 1.3400 level. The resistance level is extended by the double top pattern at 1.3400 level, and a bullish crossover of 1.3400 level is likely to open further room for buying until 1.3446 level. On the 4 hour timeframe, the GBP/USD pair has formed a bullish channel that supports the pair at the 1.333 area. The RSI and MACD are suggesting a buying trend in sterling. However, I will prefer to open a buying trade only above the 1.3396 area, and below this, sell trade will be preferred. Therefore, I have shared a sell trade below 1.3395 area to capture quick green pips. Check out a trading plan below... 

USD/CAD Violates Choppy Session – Bearish Setup in Play! 

The USD/CAD pair was closed at 1.30060 after placing a high of 1.30288 and a low of 1.29860. The currency pair USD/CAD rose to1.3030 level in the early trading session but failed to remain there and started to decline on the back of US dollar weakness and the rising crude oil prices on Wednesday.

AUD/USD Continues Trading Upward Channel – Quick Trade Setup! 

The AUD/USD pair was closed at 0.73658 after placing a high of 0.73732 and a low of 0.73248. The AUD/USD pair extended its gains on Wednesday after falling to the 0.73200 level. The pair fell in an earlier trading session on the day but reversed its direction after releasing U.S. macro-economic data.

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 Breaking Over Triple-Top Pattern – Quick 32 pips Encashed! 

The AUD/USD pair was closed at 0.72859 after placing a high of 0.73371 and a low of 0.72651. On Monday, AUD/USD pair rose and reached a near 0.73380 level amid the risk-on market sentiment; however, the gains started to decline and eventually ended up losing due to increased demand for the US dollar.

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 Choppy Trading in Play – Brace for a Breakout! 

The USD/CAD closed at 1.30921 after placing a high of 1.30967 and a low of 1.30387. The USD/CAD pair remained on the upward momentum on Friday despite the strength in WTI Crude Oil prices and the Canadian Dollar amid the positive optimism regarding the vaccines. The optimism surrounding the vaccine development from Pfizer and Moderna was also followed by Oxford, the Russian Sputnik V, and China’s Sinovac and raised the market’s risk-on sentiment that supported the risk perceived USD/CAD pair on Friday.

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. 

Descending Triangle Pattern in the USD/CHF – Is It Going to...

During Monday's Asian trading hours, the USD/JPY currency pair failed to stop its overnight bearish moves and caught further offers below the 0.9100 level. However, the reason for the bearish tone around the currency pair could be associated with the broad-based U.S. dollar weakness, triggered by the risk-on market mood, which tends to weaken the safe-haven U.S. dollar. Hence, optimism was supported by optimism over a potential vaccine/treatment for the highly infectious coronavirus. In that way, the positive tone around the equity market also weakened the safe-haven Swiss franc and became the factor that cap further downside momentum for the USD/CHF currency pair. Currently, the USD/CHF currency pair is currently trading at 0.9099 and consolidating in the range between 0.9095 - 0.9117.

Choppy Session Continues in USD/CAD – Brace for a Breakout! 

The USD/CAD closed at 1.30858 after placing a high of 1.31174 and a low of 1.30341. The USD/CAD pair declined on Wednesday amid the broad-based US dollar weakness and the Canadian dollar's strength on the day. The risk sentiment was improved on Wednesday after Pfizer and BioNtech said that their vaccine was 95% effective in their study. They were going to seek approval from the US for emergency authorization of vaccine in the coming days. This news raised optimism in the market that vaccines will be delivered soon and would help the global economy recover.

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. 

USD/CHF Breaks Above Descending Triangle – Watch out! 

The USD/CHF failed to stop its overnight losing streak and remain depressed around just above the 0.9100 level mainly due to the worsening coronavirus (COVID-19) woes 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. 

AUD/USD Violates Upward Channel Breakout – Update on Sell Signal! 

The AUD/USD pair is trading with bearish bias around 0.7284 level; that's where we have entered sell trade in the Aussie. The U.S. dollar seems to gain strength amid supported fundamentals. From the U.S. side, at 02:00 GMT, the TC Long Term Purchases for October rose to 108.9B against the estimated 41.5B and supported the U.S. dollar. At 18:30 GMT, the Building Permits for October came in line with the estimation of 1.55M. The Housing Starts also rose to 1.53M from the forecasted1.45M and supported the U.S. dollar that ultimately capped further gains in AUD/USD pair on Wednesday.

AUD/USD Upward Channel Supports – Choppy Session in Play!

The AUD/USD was closed at 0.72998 after placing a high of 0.73393 and a low of 0.72887. After placing gains for two consecutive days, the AUD/USD pair was declined on Tuesday amid the risk-off market sentiment. On Tuesday, the Assistant Governor of Reserve Bank of Australia, Dr. Kent, said that the Aussie's recent rise was due to the optimistic news of the coronavirus vaccine rather than about the US Presidential election outcome. He said that any positive news about vaccine development would be a good thing for the global economy, including the Australian economy.

USD/CAD Holds Above 1.3060 Support – Brace for a Buy Trade! 

The USD/CAD pair was closed at 1.31037 after placing a high of 1.31164 and a low of 1.30631. After placing losses for two consecutive days, the USD/CAD pair raised on Tuesday amid the declining crude oil prices and weak Canadian dollar. The Canadian dollar was weak on Tuesday as the crude oil prices declined after the coronavirus cases surged in the US to an alarming level and forced many states to re-impose lockdown restrictions. The restrictions meant less use and demand for energy and weighed on crude oil prices that were also considered commodity-linked Loonie. The weak Loonie then eventually pushed the USD/CAD pair higher on Tuesday.

GBPUSD Reacts in the Supply Zone

Description

USD/CAD Choppy Sessions Continues – Traders Brace for a Breakout Setup!

The USD/CAD pair was closed at 1.30730 after placing a high of 1.31379 and a low of 1.30652. The risk perceived Canadian Dollar received another vaccine driven boost on Monday morning after another drug maker, Moderna announced positive news about their vaccine.

EUR/USD Violates Triple Top – Upward Trendline Supports!

The EUR/USD currency pair managed to extend its previous 2-day gaining streak and remained bullish around near above mid-1.1800 level, mainly due to the broad-based U.S. dollar selling bias, triggered by the risk-on market sentiment, which keeps the currency pair higher. Hence the market trading sentiment was being supported by the coronavirus vaccine-led enthusiasm. 

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.

AUDJPY: Breakout after Consolidation

The AUDJPY pair has moved in a bullish sequence that started in the end week of October and ended with a sharp and large 4H candle on Nov 09. There it began a consolidation cycle that started as a sideways move and finally retraced pushed by the selling pressure to near the begging of the last bullish 4H Candle. From there, it is making an upward movement that is supported by its 50-period SMA.

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EURAUD Reversal Breakout on Top of Regression Channel

The EURAUD cross has experienced a strong upward movement that brought its value beyond the top of a descending regression channel.  After topping the upper line, which, as we know, is 2 sigmas above the mean line, the price has made a consolidation on the line, making a series of lower highs.

USD/CAD Extends Overnight Bearish Moves – Weaker U.S. Dollar in Play! 

During Friday's Early Asian trading session, the USD/CAD currency pair extended its overnight losses and remain bearish around the 1.3135 level, mainly due to the broad-based U.S. dollar weakness. Hence, the broad-based U.S. dollar was being pressured by the doubts persist over the global economic recovery from COVID-19. This, in turn, undermined the greenback and contributed to the currency pair losses. Moreover, the political uncertainty in the U.S. also weighs on the already weaker U.S. dollar, which adds further burden around the currency pair.

AUD/USD Maintain Bullish Streak Despite Risk-off Sentiment – Trade Plan!  

Today in the Asian trading session, the AUD/USD currency pair erased some of its earlier gains but still trading on the bullish track and taking rounds just closer to the 0.7250 level, mainly due to the broad-based U.S. dollar weakness. Hence, the broad-based U.S. dollar was being pressured by the doubts persist over the global economic recovery from COVID-19. This, in turn, undermined the greenback and contributed to the currency pair gains. 

GBP/JPY Reverses Over Support – Doji & Bullish Engulfing in Play!

The GBP/JPY pair slipped to drop until 137.500 support level and has closed a Doji candle which is suggesting odds of bullish reversal in the market. On the 4 hour timeframe, the GBP/JPY pair has closed a Doji pattern which is suggesting that the sellers are exhausted and bulls may enter the market. On the higher side, the GBP/JPY pair can find resistance at the 138.687 level. Thus, we have decided to capture this move, and opened a signal with a stop loss at 137.46 and take profit of 138.36. Let's keep an eye on the pair.

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. 

USD/CAD Heading North – Is It a Good time to go...

Today in the early Asian trading session, the USD/CAD currency pair successfully extended its previous day recovery streak and remained bullish around above the mid-1.3000 level. However, the bullish sentiment around the currency pair could be attributed to the modest downticks in the crude oil prices, which ultimately undermined the demand for the commodity-linked currency the loonie, and contributed to the currency pair gains. On the contrary, the broad-based U.S. dollar weakness, triggered by the multiple factors, has become one of the major factors that kept the lid on any further gains in the currency pair. Currently, the USD/CAD currency pair is currently trading at 1.3067 and consolidating in the range between 1.3054 - 1.3073.

Choppy Session in USD/CAD Continues – Traders Braces for a Breakout...

During Wednesday's early Asian trading session, the USD/CAD currency pair failed to stop its overnight losses and remain depressed around the 1.3030 level, mainly due to the broad-based U.S. dollar weakness. The prevalent downtrend in the U.S. dollar was mainly tied to the confidence over a potential vaccine for the extremely contagious coronavirus disease, which struggling to keep market trading sentiment positive. Moreover, President-elect Joe Biden faces difficulties from Donald Trump, which also weighs on the already weaker U.S. dollar. The reason for the declines in the currency pair could also be attributed to the fresh upward movement in the crude oil prices, which tend to underpin the commodity-linked currency the Loonie and contributes to the currency pair's losses. However, the crude oil prices were being supported by fresh released upbeat American Petroleum Institute (API) data. As of writing, the USD/CAD currency pair is currently trading at 1.3028 and consolidating in the range between 1.3024 - 1.3037.

AUD/USD Breaking Over Intraday Resistance Level – Quick Outlook!

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. The reason for the downbeat market performance could be associated with the latest reports suggesting that Europe's imposed trade tariff on U.S. goods worth $4 billion. Furthermore, the mixed data from China and Australia exerted an additional burden around the market trading sentiment, which in turn, tempered investors' appetite for the perceived riskier Australian dollar and contributed to the currency pair declines.

BTCUSD RSI Long Momentum Grows

After climbing from 12,500 to $15800, Bitcoin has been making a consolidation structure shaping a triangular formation. The volatility has been declining as well, as is usual in a triangle.

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. 

USD/CAD Downward Channel Continues to Play – Brace for Selling!

The USD/CAD pair was closed at 1.30072 after placing a high of 1.30519 and a low of 1.29281. The USD/CAD pair slipped to its lowest since mid-October 2018 on Monday as the risk appetite increased and weighed on the safe-haven US dollar that ultimately dragged the USD/CAD pair lower.

GBP/JPY: Bearish Breakout

GBP/JPY made a bullish move to start its trading day today. The 15M chart shows that the price upon finding its resistance around 136.610 made a strong bearish move and made a bearish breakout at an up-trending trendline.

Oversold USD/JPY Braces for a Bullish Correction – Quick Update on...

The USD/JPY pair was closed at 103.364 after placing a high of 103.758 and a low of 103.174. The USD/JPY pair was dropped to its lowest since 8th March. The U.S. dollar against the Japanese Yen on Friday dragged the pair to a fresh 8-months lowest level as the chances for Joe Biden to win the U.S. election increases. The USD/JPY pair followed the USD weakness throughout the week and reached the 103 level.