Forex Signals Brief for Jan 3: A Couple of Winners for the New Year
Rowan Crosby • 2 min read
Welcome back to another big year in 2018.
Markets got started on a busy note to begin the year, with the USD falling away sharply.
The FX Leaders Team managed to use this to our advantage and we scored a couple of great signals to get the ball rolling. Our short USD/CAD trade moved our way and we managed to make a nice profit. The Dollar weakness also boosted Gold and that gave us another winner on the day. An older position in the EUR/GBP was the only signal in the red.
We also took advantage of the active market to open a new position in the AUD/USD.
Our current position in Bitcoin has strengthened after it came to light that Paypal founder Peter Thiel has been investing in Bitcoin in a big way. And our EUR/CHF bounced nicely off support which we felt it might.
The year might be young but we have plenty of action around including the FOMC minutes. So keep the forex signals page front and center for all the latest signals.
Forex Signal Watchlist
GBP/JPY – We have been eyeing a sell here for a number of days and we are still waiting for the right price.
NZD/USD – The Kiwi has been hot in recent weeks and if price manages to pull back there might be a potential long signal today.
Live Forex Signals
AUD/USD – Buying Strength
The Aussie has been one of the very best performers in recent times. We’ve seen a big rally off the lows at 75 cents and the weak USD continues to lift the AUD/USD. Further dollar weakness will see us hit our take profit very shortly. We have an upside target of 0.7848.
AUD/USD – 240 min Chart.
Bitcoin – Time for a Rebound?
Bitcoin has been a rollercoaster trade since late December. After starting the year slowly, Bitcoin rebounded as it came to light that Paypal founder Peter Thiel has been investing heavily in the cryptocurrency. Adding extra weight to its status. As it stands we have an upside target of 18200.