The Market Is Finally Moving - Forex News by Strategia Forex

The Market Is Finally Moving

Posted Monday, June 26, 2017 by
Skerdian Meta • 1 min read

The weekend is over, so we are trying to spot levels to pick trades in the forex market.

The last few trading sessions last week were pretty quiet. Most forex majors were stuck in very tight ranges, apart from the Canadian Dollar and the Euro.

Today though, there´s more action. It´s still morning in Europe, but it´s enough to give us a sense of what the rest of the day will be like.    

The Japanese Yen barely moved last Friday, but today it is making a move to the upside. It broke above the range about an hour ago when the resistance at 111.40s let go and it quickly jumped another 20-30 pips from there.

By the way, we had a buy forex signal in this pair which we opened last Thursday. It looked to be in danger when the forex market opened last night for the Tokyo trading session, because this forex pair opened with a gap lower, but the gap filled overnight and our forex signal hit take profit.

So, it´s a good start to the new week. I´m also looking at GBP/USD at the moment. Looks like there is a nice chart setup, but we´ll post another update about this forex pair and the possible trade here.     

 

New Instruments in Our Forex Signals Service

We’ve recently incorporated some exciting new financial instruments into our trading signals service -gold and crude oil. We will add more instruments soon, such as CryptoCurrencies, so keep an eye out for analysis on these new instruments.  

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of