Forex Signals Brief for Jan 24: Two More Winners to Fatten Our Accounts
Rowan Crosby • 1 min read
The week has started on a positive note for the FX Leaders Team. Tuesday saw us bring in two more winners to add to the strong start we had on Monday for our forex signals.
The lads found winners in the NZD/USD as it continues to rally along with the USD/JPY. The only trade in the red was the AUD/USD which was really just bad luck as it promptly turned around.
As it stands we are in a new EUR/GBP trade. While our longer-term positions in the AUD/USD and GBP/USD continue as usual.
Bitcoin (BTC) did test 10,000 and bounced which is a good sign for our signal.
The team have started the week well so stay tuned to the forex signals page as we keep riding the momentum.
Forex Signal Watchlist
CAC – The CAC looks like it might have had a blow-off top and there is a possible short position in the making.
Nikkei – The BOJ is behind us it the chart is starting to look like there is a bearish channel forming.
Live Forex Signals
AUD/USD – Yo-Yo Market
It looked like the Aussie was ready to tumble as price started to decline. However, US traders pushed price back up as the USD continued to fall. Things are looking a little shaky for the Aussie which is good news for us. The downside target is at 0.7650 in our long-term position.
BTC/USD – 10,000 Holds
Bitcoin (BTC) managed to once again test 10,000 but the good news was that it held up. This is an important psychological level for the fledgeling digital currency and if it’s to maintain any kind of momentum, this is a key time in its history. Our upside target remains at 18,200.