Forex Signals Brief for Dec 8: US Unemployment to Wrap Up a Big Week for Our Signals
Rowan Crosby • 2 min read
It was another positive day for followers of our fore signals. The FX Leaders Team managed to nail two winners as traders now turn their attention to US Unemployment data on Friday.
The boys found winners in Gold, which is a favourite trade of ours, along with the EUR/GBP position from yesterday. Unfortunately, Oil retraced and hit our stop. Overall it has been an incredibly strong week and we still have one day to go.
As it stands we are riding a NZD/USD short, which has a very strong downtrend in place. Our EUR/USD signal continues to travel along nicely for us. While we opened a new long-term Gold signal.
Friday is a monster day for traders so stay tuned into our forex signals page to get the latest opportunities as they come along.
Arslan will also be previewing the jobs report and will have a few trade ideas for those of you looking for some great spots on Friday.
Forex Signal Watchlist
EUR/GBP – We found a winner in this pair yesterday and we are looking for an opportunity to the short side.
EUR/CHF – This one has broken out to the upside and we are looking for a pullback to ride the momentum.
Nikkei – The Japanese stock market has been seeing some huge volatility and we are eyeing a short.
Live Forex Signals
EUR/USD – Euro Grinds Lower
The Euro trade keeps on plugging along well for us. No excitement here, just great results. While the other majors had more movement, we can’t complain as we are deeply in the green on the trade. Our sell signal on the EUR/USD, has a downside target of 1.1540.
EUR/USD – 240 min Chart.
Gold – Time for a Retrace?
We’ve been hitting Gold to the short side pretty hard and it’s been a great trade for us. However, on a longer-term level, things are looking a bit oversold. We have a long signal open now with an upside target of 1256.