Forex Signals Brief for Nov. 29: Majors Get Moving with a Strong USD
Rowan Crosby • 2 min read
Markets really started to get moving in what was a tricky trading day on Tuesday. The USD reversed some of its recent weakness, and the majors were in the firing line.
The FX Leaders Team managed to navigate most of the trouble and we were three and three which was a strong result on a tough day. We had some good wins in Oil, EUR/GBP and the AUD/USD. However, a couple of the majors ended up getting stopped out thanks to a big move in the USD.
We are still sitting in our gold position and it’s travelling along nicely. Although it didn’t fall as much as I might like given the USD bounce. Resistance is looking strong.
It feels to me that some volatility is returning to the markets and this is good news for traders. So keep the forex signals page open for all the very latest opportunities.
And don’t forget to get the latest economic insights from my buddy Arslan, who always has some excellent trade setups for our followers.
Forex Signal Watchlist
AUD/USD – We hit our take profit in the AUD early yesterday and there might be more chances to short any bounce.
NZD/USD – The Kiwi has stabilized and is now trending up. There's a pullback here that has just triggered a buy signal.
EUR/JPY – If the Euro can pull back some more there might be a buy signal around the corner.
Gold – We are still short in our longer-term gold trade and 1273 is our take profit target. Resistance is strong overhead.
Live Forex Signals
Gold – Grinding Lower
Gold was busy on Tuesday, and I was looking for some more weakness given the strong USD. If we can get some more momentum, then this one will continue to grind its way lower. 1300 still remains a strong level and resistance is holding up well overhead.
Gold – 240 min Chart.
EUR/JPY – Euro Crosses Performing
The Euro crosses have been good to us across the board. We have been finding great spots in a number of different pairs and the recent fall in the Euro is helping us identify opportunities. We are targeting a buy in the EUR/JPY if we can secure our price.