Categories
Popular Questions

What forex pairs are close to the golden cross 2017?

Forex traders are always looking for trading opportunities that can maximize their profits. One of the most popular trading strategies is the golden cross, which is a bullish signal indicating that the market is about to experience a strong uptrend. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average. In this article, we will discuss which forex pairs are close to the golden cross in 2017.

EUR/USD

The EUR/USD is the most popular forex pair in the world, and it is currently close to the golden cross. The 50-day moving average is currently trading above the 200-day moving average, indicating a potential bullish trend. The EUR/USD has been trading in a range for the past few months, and a golden cross could signal a breakout to the upside.

600x600

GBP/USD

The GBP/USD is another forex pair that is close to the golden cross. The 50-day moving average is currently trading just below the 200-day moving average, indicating a potential bullish trend. The GBP/USD has been trading in a range for the past few months, and a golden cross could signal a breakout to the upside.

USD/JPY

The USD/JPY is a forex pair that has been in a downtrend for the past few months, but it is currently close to the golden cross. The 50-day moving average is currently trading just below the 200-day moving average, indicating a potential bullish trend. The USD/JPY has been trading in a range for the past few months, and a golden cross could signal a breakout to the upside.

USD/CHF

The USD/CHF is a forex pair that has been in a downtrend for the past few months, but it is currently close to the golden cross. The 50-day moving average is currently trading just below the 200-day moving average, indicating a potential bullish trend. The USD/CHF has been trading in a range for the past few months, and a golden cross could signal a breakout to the upside.

AUD/USD

The AUD/USD is a forex pair that has been in a range for the past few months, but it is currently close to the golden cross. The 50-day moving average is currently trading just above the 200-day moving average, indicating a potential bullish trend. The AUD/USD has been trading in a range for the past few months, and a golden cross could signal a breakout to the upside.

Conclusion

The golden cross is a powerful trading signal that can help forex traders identify potential bullish trends. In 2017, several forex pairs are close to the golden cross, including the EUR/USD, GBP/USD, USD/JPY, USD/CHF, and AUD/USD. Traders should keep an eye on these pairs and look for confirmation of a potential uptrend before taking a position. As always, traders should use proper risk management techniques to protect their capital.

970x250

Leave a Reply

Your email address will not be published. Required fields are marked *