⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

July 25th – Major Trade Setups For The US Session

Posted Tuesday, July 25, 2017 by
Arslan Butt • 1 min read

After another boring day, we seem to finally be approaching something exciting. I'm talking about the New York trading session. I can see some good trade setups which can be taken advantage of upon the release of US consumer confidence figures. Let's take a quick look:

S&P 500 has broken above the descending trend line resistance at $2470, and it's likely to target $2476 during the US session. We can enter a buy, but to be more confident about it, we should wait for the US fundamental release.

Gold has already made its move below $1251 and the positive consumer confidence will help us target $1243.

Our forex trading signal is struggling and approaching our stop at $47.10 after the surprising increase in the European German Ifo business climate figures. Fingers crossed.

DAX is heading north, in our favor. I'm looking to target $12333 in the US session. Hopefully, the better than expected German business climate will support the Dax bulls.   

– Lastly, buckle up for CB Consumer Confidence 14:00 (GMT), it's expected to be 116.5, below the previous figure of 118.9. Let's see how the market surprises us.

Good luck guys, and wait for more signals!

 
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments