Forex Signals Brief for Jan 23: The Government is Back and So are the Winning Signals
Rowan Crosby • 2 min read
After a quiet few sessions on the signals front, the FX Leaders Team managed to find three great trades to get the ball rolling this week.
With the US Government shutdown impacting the USD, the boys looked to some of the crosses to grab some profits. The team found winners in the EUR/JPY, EUR/CHF and GBP/JPY. The only trade to finish in the red was gold.
We currently have one short-term position open in the AUD/USD. And there have been no new additions to our longer-term forex positions which consist of an AUD/USD and GBP/USD short.
Bitcoin (BTC) is back battling with the 10,000 level in what is looking like an important day for the cryptocurrencies.
The fundamental events are starting to heat up this week as the World Economic Forum at Davos begins. So stay tuned to our forex signals page as the week only going to get busier.
Forex Signal Watchlist
NZD/USD – The Kiwi is again hitting the highs and maintaining the uptrend. We are waiting for a pullback to enter.
CAC – The CAC has run into resistance and we are looking to sell once markets turn the corner.
Nikkei – The BOJ should fire up the Nikkei and we are still looking to be selling when we can.
Live Forex Signals
AUD/USD – Can’t Break 80
The Aussie has been trying its best to bash through 80 cents. So far it has been unsuccessful. We haven’t quite hit the upside target in our short-term position, but all the failed attempts to move higher are a positive for the long-term trade. The downside target is at 0.7650 on our long-term position.
BTC/USD – 10,000 In-Play
Bitcoin (BTC) continues to make headlines on a daily basis. Today we are at the crucial 10,000 level once again. If that level breaks we will then be looking at last weeks low around 9,185. This is where buyers stepped up last week, so let’s hope there are more waiting in the wings. Our upside target remains at 18,200.