A Great Tuesday Morning - Forex News by FX Leaders

A Great Tuesday Morning

Posted Tuesday, January 17, 2017 by
Skerdian Meta • 1 min read

Yesterday, we opened two forex signals, an EUR/CHF signal and an EUR/AUD signal. The first doesn´t need much explanation. We bought that forex pair near the 1.07 support level and it closed overnight.

By the way, the price is getting close to there again, so get ready for another EUR/CHF signal. The other forex signal was opened because of other technical indicators being overbought on the hourly EUR/AUD chart.

When I went to bed last night, these two forex signals were not at the best place. EUR/CHF was having trouble getting above a confluence of moving averages on the H1 forex chart, while EUR/AUD was climbing higher. 

The 100 SMA in green came to our rescue last night. 

However, the 100 SMA placed a lid on that jump and once the stochastic indicator reached the overbought area, this pair reversed and the price hit the take profit target of our signal. 

I woke up this morning to find them both closed in profit. I don´t care what other forex traders say, finding a forex trade closed in profit is always a great feeling, despite decades of experience. 

So, we started this day in the best way possible. Hope to keep it up like this today, although the GBP/USD signal doesn´t look that good right now. Don´t forget, the Prime Minister, May, will deliver her Brexit speech soon.  

 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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