Forex Signals Brief for Dec 6: 78% Strike Rate to Start the Week
Rowan Crosby • 2 min read
It sure is a nice trading week if you’ve been following our forex signals. So far the FX LEaders Team have found seven winners and had only two losers. So that’s a 78% strike rate and it’s only Wednesday. I don’t know about you but that’s pretty nice for the old trading account.
Yesterday, the JPY was a big feature of our winning trades. We managed to find wins in the USD/JPY, the EUR/JPY and the Nikkei. We also managed to find a winner in the EUR/GBP. Our only loss came early in the NZD/USD which has been a huge winner for us recently.
As it stands we’re still riding our long-term EUR/USD position, which had a nice move in our favour along with our Oil position. We have one forex position open in the USD/CAD to the short side, looking for a continuation of the down move.
It’s been a massive start to the trading week so stay tuned into our forex signals page to get the latest opportunities as they come along.
Arslan also has his economic outlook for the day and a number of trade setups worth watching.
Forex Signal Watchlist
EUR/CHF – This pair has been ranging nicely and we are looking to buy a dip if we can get our price.
GBP/JPY – We are looking to short this if we get a little jump higher and a better entry.
CAC – The stock indexes have started to wobble, led by the SPX. The CAC is in the firing line.
Live Forex Signals
EUR/USD – USD Strength is Helping
The Euro got a nice move in our favour yesterday as the USD gained some ground. The additional strength weighed on the EUR/USD and the sellers came in. Our sell signal on the EUR/USD has a downside target of 1.1540.
EUR/USD – 240 min Chart.
Oil – Bouncing Off Support
Oil made a really nice move higher in trade yesterday. We had a bounce right off the key support level that had previously been resistance. That put us in the green however price has fallen away a touch. Our target is 58.78.