Forex Signals Brief for Nov. 21: Signals Start the Week With a Bang
Rowan Crosby • 2 min read
I hope you guys were following the forex signals page on Monday because it’s fair to say it was on fire. The FX Leaders Team have started the shortened trading week with a bang and have identified a string of great trades, going four from four.
The boys managed to grab some nice profits with a range of different trades. The AUD/USD continued to slide lower and there was another good short on offer. Gold again sold off hard and we collected yet again.
And a couple of the crosses proved to be nice setups with the EUR/GBP and EUR/JPY both making us some pips. The Euro had a sharp sell-off to start the week, thanks to the German Government having some issues and that proved to be a great trigger for us.
As it stands we are riding a longer-term gold position, which is getting very close to our take profit. The big sell-off in gold put this position very much in the green and we might hit our target today. We’ve also opened a USD/JPY short as we are running into a fair bit of resistance overhead and that might be enough to slow down the little bounce we had.
It’s been a great start to the week for our followers, so here’s hoping for more great trades on Tuesday.
Forex Signal Watchlist
AUD/USD – We had a nice win in the AUD on Monday and the trend is down. Lookout for any bounce for a short opportunity.
EUR/USD – The Euro fell in early trade but managed to make up a bit of ground. We are waiting for a potential buy signal here so stay tuned.
USD/JPY – The Yen rallied hard and we are currently short with plenty of overhead resistance above.
NZD/USD – The Kiwi has been weak and any retrace will give us another opportunity to sell.
GBP/USD – The pound is starting to trend higher, so a pullback might bring us a buy signal today.
Gold – We are still short in our longer-term gold trade, as well as finding a nice intraday position. This one might hit our take profit today.
Oil – Oil has been bullish and we might have a potential buy here if the price is right.
Live Forex Signals
USD/JPY – Sell the Bounce
The Yen has been bullish for quite a while now, however, in the last week it really sold off hard. We dropped back from the highs on 114.50 all the way to 112.00. This little bounce on Monday looks a good spot to short as we eye a retrace on Tuesday. There is still opportunity in this one for those looking to get involved.
USD/JPY – 240 min Chart.
Gold – Powering Along
Our sell signal in gold has been a really great trade. Gold ramped up to the top of the recent range last week as markets got a little more active. However, on Monday it came thundering back down to earth as the sellers rolled in. We have our take profit set to 1273 and we are getting pretty close on this one.