Forex Signals Brief for Dec 28: Bullish Gold Boosts Our Accounts
Rowan Crosby • 2 min read
Given the time of year, there was a little bit of movement in markets and just enough for us to grab a nice winner in Gold.
We haven’t closed out many trades in recent days, given the low levels of volatility, however, the commodities and cryptocurrencies have given us something to work with.
Gold has been bullish in recent days and we managed to collect a great win. As it stands we are still in our EUR/USD position as well as the EUR/GBP. Both are quiet although the EUR had a little bounce yesterday.
Bitcoin continues to make headlines and our position is still around our entry point. Price has consolidated in recent days after all the action of last week.
While the ranges are small, opportunities are certainly still present so stay tuned to the forex signals page for all the latest trades.
Forex Signal Watchlist
GBP/JPY – We are still looking at a short at the top of the current range, however, we haven’t had enough volatility to get us there just yet.
EUR/JPY – The Euro has bounced a touch and we are pushing towards our sell zone.
Live Forex Signals
Bitcoin – Price Consolidation
After a wild ride, we have finally started to slow down a bit in the cryptocurrencies. Price has now consolidated around the 15000 mark. 16000 marks the overhead resistance level that we need to crack. If we can do that then there is every chance of a sharp runup towards our profit target. As it stands we have an upside target of 18200.
Bitcoin – 240 min Chart.
EUR/USD – A Good Retrace
Our short positions in the EUR are still holding up despite a small push higher. We got close to our stop before we got a nice move back down. Light liquidity can sometimes push us around a bit further than we might like. We have a target of 1.1841.