Hey Fellas,

If you’ve been following the FX Leaders forex signals this week then I think you would be pretty happy. Yesterday we managed to find three out of four winners with some nice profits in the USD/JPY and Gold. It certainly has been a great run of winners this week so here’s hoping for more of the same today.

I’ve been speaking a fair bit about some of the majors this week, in particular, the EUR/USD and USD/JPY. They are really active right now, thanks largely to the strength in the US Dollar. I’m looking for more of the same and the Euro, in particular, is nearing another great level to be selling.

There are some good opportunities around at the moment so keep your eyes peeled for new signals as the day rolls on!

Today’s Forex Signals Watchlist

EUR/USD – We have not one but two active forex signals on the Euro at the moment and it appears that it is poised for a sell-off.

USD/JPY – We’ve taken out 113.00 which is big. Is there more to come?

Gold – The FX Leaders team had two winners on gold yesterday as the slide continues. This one is big today!

Nikkei – The Japanese Stock Market has been on fire, but a pullback is what we need.

Today’s Top Trades

Gold – The Slide is Heating Up

As Gold continues to fall away, the opportunity for shorting keeps on rising. We had two winners in gold yesterday and it has been a favourite of ours for a while now. On the chart, there have been a couple of really nice technical pullbacks on a longer-term downtrend. Again that’s what we will try and identity as long as the momentum keeps on moving lower.

Gold- 240 min Chart.

Key Support and Resistance Levels

EUR/USD – It’s Time to Sell

As it stands we have not one, but two sell signals out at the moment. So that is both a long and short-term sell signal. We are also getting set to test an important level which is 1.1850. That is both the 200 SMA and an important resistance level. Long term we are clearly in a downtrend so if you’re looking for an opportunity to sell, today might be the day.

EUR/USD -240 min Chart.

Key Support and Resistance Levels

Top Economic Data on Thursday

A couple of big headline numbers today for the GBP and USD. Firstly we have UK Retail Sales out at 8:30 GMT which is a big market mover for the GBP. Later on, the Philly Fed Manufacturing will be released at 12:30 GMT which will impact the USD and all of the majors.

Let's hope the FX Leaders team can keep up this hot run of form. Good luck on the markets today guys!