Forex Signals Brief for Jan 10: Gold Keeps on Making Us Money
Rowan Crosby • 2 min read
Forex markets have had a reasonably busy start to the week and the FX Leaders Team have been scouring all markets for opportunities.
On Tuesday it was gold that was a big winner for our followers. The boys managed to find not one but two, great spots in gold to get our accounts looking pretty nice. Along with gold we also had one win and one loss in the Nikkei, which has been consolidating after a big spike higher. In the currencies, there were a couple of trades in the red coming via the USD/JPY and EUR/JPY.
As it stands we are in a couple of positions in the AUD/USD and USD/CAD. We?ve seen some USD strength and that allowed us to get set at some nice prices.
Our longer-term Bitcoin (BTC/USD) has been quite active. The cryptocurrencies fell away a little yesterday but Bitcoin had been as high as 17,000.
We still have the ECB Minutes and US CPI to come this week so be sure to keep the forex signals page front and center.
Forex Signal Watchlist
NZD/USD – The Kiwi has pulled back a touch after the recent big move higher and we are trying to secure a long position.
Live Forex Signals
AUD/USD – USD Strength
The AUD/USD has pulled back thanks to some added strength in the US Dollar. Last week the Greenback tumbled. To start the week we have managed to find some support in the USD. Price flirted with our stop-loss level, but we have pulled into range. As it stands we have an upside target of 0.7876.
Bitcoin – Cryptocurrency Weakness
Bitcoin along with most of the cryptocurrencies have seen a bit of weakness to start the week. There have been increased regulatory issues coming out of South Korea which has attributed to the fall. South Korea is an important market with a large portion of retail traders with an active interest in digital currencies. Our upside target remains at 18200.