Forex Signals Brief for Dec 19: It’s a 75% Strike Rate to Get the Week Rolling
Rowan Crosby • 2 min read
Forex markets have started the week without too much excitement as can often be the case this time of year. However, the FX Leaders Team made a really strong start, nailing three out four signals to fatten up our accounts ahead of the holidays.
The guys managed to find a range of winners with profits coming in Gold, the EUR/GBP and the NZD/USD which is a favourite of ours.
We also took the opportunity to open a number of other trades that are progressing nicely. As it stands we are sitting in a long USD/JPY position, another EUR/CHF trade and we are also short the Nikkei.
Despite the holidays approaching, forex markets are still giving us opportunities. So stay tuned to the forex signals page, and let’s get that stocking nice and full.
We still have a few economic releases to come out this week so stay tuned for Arslan’s economic outlook.
Forex Signal Watchlist
AUD/USD – The Aussie has regained some ground and there is a chance for a long position later today.
USD/JPY – We are long the Yen in the short-term and if we get our price we will also look for a longer-term trade.
DAX – The indices have been incredibly strong recently, but they are looking a little overbought. The DAX has plenty of volatility and offers great bang for your buck.
Live Forex Signals
EUR/CHF – Looking Long
The EUR/CHF has been a good trade for us as it creeps along the trendline. We’ve traded successfully in this pair a number of times and this one is setting up well. We have a target of 1.1647.
EUR/CHF – 240 min Chart.
USD/JPY – Can We Gain Some Momentum?
The Yen has been at the mercy of the USD in recent times, which has been getting pushed around by US tax reform. There is plenty of upside in this one. Our target is 1.1278, which we are getting close to.