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

ETH/USD Peaking Out of Descending Trendline – Brace for Bullish Trade! 

Yesterday on Tuesday, the ETH/USD pair had exhibited slight bullish momentum on the 4-hour timeframe, which leads Ethereum prices to soar over 200 resistance levels. With this, the ETH/USD pair has crossed over 50 periods EMA and has also closed three white soldiers pattern on an 8-hour timeframe, which suggests odds of the bullish trend.

USD/CAD Bearish Engulfing Continues to Drive Selling! 

During the early European trading session, the USD/CAD currency pair failed to stop its previous day bearish run-up and dropped to 1.3570 from the 1.3617 level, mainly due to the broad-based U.S. dollar weakness backed by the risk-on market sentiment. As well as, the reason for the pair declined could also be attributed to the upticks in crude oil, which underpinned the commodity-linked currency the loonie and contributed to the pairs declines. 

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.

GBP/JPY Violates the Ascending Triangle Pattern – Bullish Signal Update! 

The GBP/JPY pair trades with a bullish bias at 142.090 level ever since it has violated the triple top resistance level of 141.296. On the higher side, the GBP/JPY pair soar until the next target level of 142.510. The GBP/JPY pair's technical side is supporting strong bullish bias as the 10 & 20 periods EMA are in support of the buying trend. Here's a quick trade plan...

Overbought Gold Braces for Bearish Correction – Brace for a Sell! 

The yellow metal prices extended its early-day bullish rally and remained well bids around above the 1,900 level. However, the bullish sentiment around the bullion prices could be associated with the broadly weaker U.S. dollar. The risk-on market sentiment undermined that. Meanwhile, the U.S.'s prevailing political uncertainty also pushed the U.S. dollar down for the second consecutive day. Thus, the U.S. dollar losses could be considered one of the key factors that kept the gold prices higher as the price of gold is inversely related to the price of the U.S. dollar. Apart from this, the surge in the coronavirus (COVID-19) numbers in the U.K. and Europe also favoring the yellow-metal bulls. 

USD/CAD Bearish Bias Continues – Traders Brace for Selling Trade! 

The USD/CAD pair was closed at 1.27513 after placing a high of 1.28269 and a low of 1.27493. The currency pair USD/CAD extended its losses on Wednesday for the 3rd consecutive day amid the US dollar's weakness and rising crude oil prices. The bearish momentum surrounding the currency pair USD/CAD remained intact due to the unbeatable selling pressure around the greenback and a stronger Canadian dollar on the back of rising crude oil prices amid the improved risk sentiment in the market.

USD/CAD Ascending Triangle Breakout – Brace for a Buy Position! 

The USD/CAD pair was closed at 1.39549 after placing a high of 1.39701 and a low of 1.38908. Overall the movement of USD/Cad pair remained bullish throughout the day.

EURAUD Reveals Strength Signals (UPDATE)

In our previous market analysis corresponding to EURAUD cross (read here,) we commented that the price action revealed potential raises, supported by the price action and confirmed by the RSI oscillator.

GBP/USD Breaks Below Double Bottom – Quick Green Pips!

The GBP/USD currency pair extended its previous day losing streak and hit the multi weeks low near below the 1.2700 level. The GBP/USD hit a multi-day low the previous day after the Bank of England (BOE) Governor Andrew Bailey delivered downbeat comments and UK PM Boris Johnson announced activity restrictions to control the coronavirus (COVID-19) resurgence risk. Apart from this, the losses in the currency pair were further bolstered by the reports suggesting that the U.K.'s virus-lead deaths raised to a 2-month high, which fueled the worries about the U.K. economic recovery and undermined the GBP currency.

AUD/USD Bullish Bias Continues – Symmetric Triangle Plays!

On Thursday, the AUD/USD trades bullish at 0.7767, and an upward violation of the 0.7778 mark is likely to extend the bullish trend until the next target of the 0.7818 mark. Whereas the support holds around the 0.7722 mark. The RSI and MACD are suggesting bullish sentiment; thus, we have begun a buying trade at the 0.7750 mark. 

Gold Facing Over $2,000 Level – Is it Going After $2,038?

In the early European trading session, the yellow metal prices stopped its previous day losing streak and recovered from the $1950-52 region to above $2000 level on the day. However, the bullish sentiment around the bullion was being supported by the broad-based U.S. dollar weakness. As well as, the multiple risk catalysts like US-China ongoing tussle, also triggered the precious metal's rise on the day. In the meantime, the positive news over a potential COVID-19 vaccine becomes the key factor that capping the further upside for the gold.

Gold Price Forecast, Sept 23 – Bearish Bias Dominates Amid Stronger...

Today in the European trading session, the yellow metal prices failed to stop its early-day losing streak and still gaining negative traction around the $1,885 level, having hit the low of $1,873 level on the day. However, the broad-based U.S. dollar strength could be considered one of the main reasons behind the bullion losses. Hence, the U.S. dollar was supported by a strong U.S. housing market against rising global COVID-19 cases. 

Daily F.X. Analysis, July 01 – Top Trade Setups In Forex...

On the news front, the primary focus will stay on the ADP non-farm payroll figures, which are expected to be positive. If the actual data also comes out positive, we are going to see sharp selling in gold. Conversely, the negative data can drive selling the dollar and buying in gold.

Gold Sideways Trading Continues – Watchout Quick Trade Setup!

The safe-haven asset failed to break its previous session's confined trading range near below $1,730 level but erased its some losses from an intraday low mainly due to the risk-off market sentiment triggered by the fresh US-China tension. The second wave of coronavirus (COVID-19) also fueled the risk-off market tone, which eventually provided some support to the gold prices. At the moment, the yellow-metal press is currently trading at 1,724.06 and consolidating in the range between 1,717 and 1,730.07.

AUD/USD Violates Upward Channel – Brace for a Buying Trade 

The AUD/USD pair was closed at 0.75350 after placing a high of 0.75296 and a low of 0.74254. The Australian Dollar rose to its highest level in two and a half year as investors started to bet on a successful vaccine roll-out and improving global growth. The risk-sensitive Aussie gained as much as 0.8% on Thursday and rose to its highest since June 2018 as the market's risk sentiment improved. The pair AUD/USD has gained about 6.8% this year as a rebound in China's economy has boosted China-proxy Australian Dollar demand.

Canadian Dollar Soars Over Improved Oil Price – Update on Sell...

The USD/CAD is trading with a bearish bias at 1.3970 level since the pair has violated the descending triangle pattern, which supported the pair around 1.4000. It seems like most of the selling is triggered in the wake of increased crude oil prices. The WTI prices soared despite on-going worries about oversupply and a lack of storage space across the world. These concerns come after the most significant US exchange-traded fund said it would sell all its front-month crude contracts to avoid further losses, which eventually weakened the Canadian dollar.

USD/CAD Breaks Lower – Quick Update on Sell Signal! 

During Friday's European trading session, the USD/CAD currency pair flashing red and dropped below the key 1.3500 psychological marks due to the selling bias in the broad-based US dollar triggered by the optimism about a sharp V-shaped recovery for the global economy. The modest upticks in the crude oil prices underpinned the demand for the commodity-linked currency the loonie and exerted some downside pressure on the currency pair. At this particular moment, the USD/CAD currency pair is currently trading at 1.3485 and consolidates in the range between the 1.3459 - 1.3513.

AUD/USD Bearish Engulfing Signals Selling Bias – Brace for Quick Short...

The AUD/USD pair was closed at 0.68540 after a high of 0.70039 and a low of 0.68392. Overall the movement of AUD/USD pair remained bearish throughout the day. The risk perceived Aussie posted losses on Thursday in risk-off market sentiment, which was caused by the gloomy outlook of the US economy by Federal Reserve in its monetary policy meeting. The FED in its report said that the impact of coronavirus could last for a more extended period of time than Fed expected, and recovery would also be slower than expected.

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.

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.

GBP/USD Sell Trade Continues – Three Sell Signals! 

The GBP/USD pair continues trading sideways between a narrow trading range of 1.3740 - 1.3703 level. On the lower side, a bearish breakout of 1.3703 level can extend the selling trend until the next support level of 1.3679 level. Conversely, the bullish crossover of 1.3740 can extend buying trend until the 1.3775 level. Let's keep an eye on the 1.3700 level today.

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. 

Gold Prices on a Bullish Run – Quick Update on Trading...

The safe-haven-metal prices remain depressed under the lowest level of more than a month around $1,680, mainly due to the risk-on market sentiment in the wake of better-than-expected U.S. employment report. The reason for the upbeat trading sentiment could also be attributed to the news about the merger of drug majors AstraZeneca and Gilead, which eventually exerted some downside pressure on the safe-haven assets. 

Gold’s Choppy Session Continues – Traders Eye on U.S. GDP! 

The safe-haven-metal prices flashed green and drew bids around the $1,766 level, mainly due to the risk-off market sentiment backed by the Virus fears, trade war, and many more, which eventually underpinned the safe-haven demand in the market and contributed to the gold gains. As a result of high safe-haven demand, the broad-based U.S. dollar climbed from the previous session low as Jump in Covid-19 Cases Boosted Safe-Haven Demand, which becomes one of the main thing that kept a lid on any additional profits in the gold prices. At the press time, the yellow metal prices are currently trading at 1,763.20 and consolidating in the range between 1,755.49 and 1,766.12.

Gold Signal Offers Another +150 Pips Profit – What’s Next?

Earlier today, we managed to close another exciting trade in gold, capturing 153.6 green pips. The precious metal gold bounced back over $1,900 per ounce as soft U.K. data revived concerns across a the coronavirus-driven economic slowdown and backed bullion erase primary losses fired by a resurgent dollar.

AUD/USD Bullish Correction Completed – Brace for Selling! 

The AUD/USD failed to stop its previous session losing streak and dropped below 0.7300 level due to the broad-based U.S. dollar strength, buoyed by the Tuesday's better-than-expected U.S. manufacturing data. Also weighing on the currency pair was the downbeat data from Australia and China. On the contrary, the market risk-on sentiment, supported by the vaccine hopes and hopes of further U.S. stimulus, becomes the key factor that helped the currency pair limit its deeper losses. 

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

The AUD/USD pair was closed at 0.74189 after placing a high of 0.74532 and a low of 0.73722. The currency pair AUD/USD extended its bearish moves on Monday amid the rising demand for the greenback and the improving risk-off market sentiment. The risk perceived Aussie came under fresh pressure on Monday as the rising number of coronavirus cases in the US forced many state governors to expand the restrictions that ultimately diminished the hopes of the US economic recovery and raised the appeal for risk-averse market sentiment.

Gold Closed 28 Pips – Brace for a Breakout Trade!

During Monday's Asian trading session, the yellow metal prices failed to maintain their overnight bullish streak. They edged lower around the $1,855 level mainly due to the risk-on market sentiment, which tends to weaken the safe-haven yellow-metal prices as investors continuing a retreat from the safe-haven asset after renewed progress in U.S. stimulus measures.

USDJPY Bearish Bias Below Downward Trendline – Update On Signal!

Today in the early European trading session, the USD/JPY currency pair extended its previous day bearish moves and dropped further below 105.00 level, mainly due to the broad-based U.S. dollar weakness. The worries triggered U.S. selling bias that the second wave of COVID-19 cases in the United States could ruin the recovery in the world's biggest economy.

AUD/USD Supported Over 0.7515 Level – Is It Good Time to...

The AUD/USD pair was closed at 0.75324 after placing a high of 0.75779 and a low of 0.75243. After placing gains for three consecutive days, the AUD/USD pair dropped on Monday despite the market's risk flows. After rising above the highest level since June 2018, the AUD/USD pair saw heavy technical selling in the market. The pair reached above the 0.75700 level and faced heavy selling pressure as the investors started to take profits from their trades. The profit-taking overshadowed the market's risk flows, and the pair AUD/USD continued falling on Monday. 

GBP/USD Hit Take Profit – Downward Trendline in Play!

35679 and a low of 1.34507. The GBP/USD pair lost ground on Monday and dropped to a fresh 2-weeks lowest level amid the broad-based US dollar strength. The GBP/USD witnessed some selling for the fourth consecutive session on Monday and extended its retracement slide from 33-months highs. The momentum dragged the GBP/USD pair further below as the strong rally in the US Treasury bond yields supported the US dollar. The greenback recovered from nearly three-year lowest level after the treasury yields rally amid the hopes of additional US fiscal stimulus measures. Investors started pricing in the prospects for a more aggressive US fiscal spending in 2021 after the Democratic sweep in the US Senate runoff elections in Georgia.

USD/CAD Gain Support Over Double Bottom – Who’s Up for Bullish...

The USD/CAD pair slipped sharply to form the double bottom pattern around 1.3864 level on the 4-hour chart. The primary reason behind a sharp sell-off in the USD/CAD pair is the risk-on market sentiment, which is increasing demand for crude oil following the report of successful clinical trials of Gilead Sciences' retroviral drug Remdesivir. The drug will be used to treat those infected by COVID-19, and investors are expecting the market will be back to its feet once this medicine gets success.

USD/CAD Breaks Below 1.3600 – Quick Update on Trading Signal!

Today in the European trading session, the USD/CAD currency pair flashed red and hit the intra-day low to 1.3575 level due to the risk-on market sentiment, which undermined the broad-based U.S. dollar and sent the currency pair lower. The reason for the losses in the pair could also be attributed to the upticks in the crude oil prices that underpinned the commodity-linked currency the Loonie and contributed to the currency pair declines.

AUD/USD Extends Its Early-Day Gains Over 0.7100 – Quick Trade Plan! 

The AUD/USD currency pair stopped its early-day gains and took some new offers near the 0.7100 level mainly due to the risk-off market sentiment, triggered by the intensification of tensions between the U.S. and China. Apart from this, the lack of clarity over the much-awaited coronavirus (COVID-19) stimulus bill also exerted downside pressure on the market trading tone, which tends to undermine the perceived riskier Australian dollar and contributed to the currency pair gains. 

USD/CAD Sideways Trading Continues – Brace to Capture Breakout! 

A day before, the USD/CAD opened at 1.28497, and it has placed a high of 1.28602 and a low of 1.28277 so far. The USD/CAD pair dropped on Monday amid the US dollar's weakness and the rising crude oil prices. The USD/CAD pair dropped on Monday on the first day of the new trading week as the market's risk sentiment was improved and supported the risk perceived Canadian Dollar. The risk sentiment in the market was high due to the latest Brexit trade-deal optimism and was further supported by the news of the US stimulus bill.

Choppy Session in Gold Continues – Brace for a Breakout! 

The safe-haven-metal prices failed to stop its previous day losing streak and remained depressed around $1772 from the multi-year highs level, mainly due to the risk-on market sentiment that was backed by the release of positive data from the U.S. and China. On the other hand, the ever-increasing number of COVID-19 cases globally and simmering tensions between the U.S. and China turned out to be the key factors that kept a lid on any additional losses in the gold prices. However, the selling bias surrounding the U.S. dollar might turn out to be the only factor giving some support to the dollar-denominated commodity (gold) and limiting deeper losses. The yellow metal prices are currently trading at 1,773.74 and consolidated in the range between the 1,772.95 - 1,777.16.

XAU/USD Concludes Bullish Engulfing Over Intraday Resistance – Signal Update 

The yellow metal gold soared 1% to its highest in a week as traders confidence that a U.S. coronavirus aid package will be announced before the Nov. 3 presidential elections urged the dollar and supported bullion's appeal as an inflation hedge.