Forex Signals Brief for Jan 26: Markets Get Volatile as We Hit Five Winners
Rowan Crosby • 2 min read
It was a massive day all around on forex markets yesterday. Volatility was high as the USD was plunging before ECB President Mario Draghi and US President Donald Trump did their best to add more fuel to the fire.
The FX Leaders Team had a day out in the volatile conditions, scoring five winners and one loser to fatten up our trading accounts. The boys had wins in the AUD/USD, USD/CAD, EUR/CHF, Gold and the Nikkei. It was a huge day for our followers.
Currently, we are in a EUR/GBP short and our longer-term AUD/USD and GBP/USD. The late rebound in the USD has helped.
Our Bitcoin (BTC) trade continues to find its feet as buyers are stepping up, which is what we want to see.
Market conditions are ripe with opportunity at the moment so keep the forex signals page open for more great trades to end the week.
Forex Signal Watchlist
GBP/JPY – This pair is trending higher and we want to buy any pullback we can.
DAX – The DAX is well off its highs and might be in line for a bounce.
Nikkei – The Nikkei has weakened and we have been trading this one all week.
Live Forex Signals
AUD/USD – 81 Holds
It looks a little like the AUD/USD has had a bit of a blow-off top. We rallied hard into upper resistance at 81 cents and we’ve promptly sold-off. US President Trump has helped by talking up the USD. It will be tough to see much more upside this week. The downside target is at 0.7650 in our long-term position.
BTC/USD – Fighting Back
Bitcoin (BTC) pulled back to the 10,000 level this week and the good news is that buyers have since stepped up. We are pushing higher into the end of the week and hopefully, the strong support holds on Friday. Our upside target remains at 18,200.