Forex Signals Brief for Jan 30: Five Winners as Gold is the Star
Rowan Crosby • 2 min read
It was a great start to the trading week for the FX Leaders Team as the boys managed to bag five big winners to get things going. The USD did a bit of an about-face and that ensured we had some volatility to work with, which helped.
Our old favourite Gold, was the star of the show, helping us with two winning trades. There were also winners in the S&P 500 as the market finally slowed down, along with Oil.
On the Forex front, the USD/JPY finished up positive in choppy waters. There were only three trades in the red, with the EUR/USD being the one that caught us out.
As it stands we have open signals in the EUR/CHF and NZD/USD. Along with our long-term positions in the AUD/USD and GBP/USD.
There was a system error that showed us exiting our Bitcoin (BTC) position, however, we had intended to maintain the long position. The cryptocurrencies have been quiet over the last week or so which is a bit of a change of pace.
Remember that as the week rolls on we have some very big fundamental data out. So keep the forex signals page open as markets are likely to get even more active.
Forex Signal Watchlist
Nikkei – The S&P 500 finally had a day in the red and this might flow into the other indices. Keep watching for any short opportunities here.
Live Forex Signals
AUD/USD – A Shaky USD
The USD has been a key driver of this trade and on Monday it started showing signs of strength. If the trend slows down, it might give us a chance to turn around. For now, 81.50 is holding as we thought it might in the short-term. The downside target is at 0.7650 in our long-term position.
NZD/USD – More Upside to Come
The Kiwi has been on a rampaging run to the upside. On Monday that trend got broken and we pulled back. But it set us up for a nice long position. Our upside target is at 0.7362.