Forex Signals Brief for Feb 1: Euro Crosses Cashing In - Forex News by FX Leaders

Forex Signals Brief for Feb 1: Euro Crosses Cashing In

Posted Thursday, February 1, 2018 by
Rowan Crosby • 2 min read

Hey All,

While the world was waiting to hear from Janet Yellen for the final time, the FX Leaders Team were busy looking for signals. The USD was a little quiet in the lead-up to the FOMC announcement and as a result, the boys found a couple of great winners in the Euro crosses.

We had wins in both the EUR/JPY and EUR/CHF, while Oil and the NZD/USD ended in the red. The boys also took the opportunity to open a new position in Litecoin after it pulled back to a major support level. This coincides with our Bitcoin (BTC) signal which is holding nicely above the 10,000 mark.

As it stands we are long the NZD/USD while our other long-term positions in the AUD/USD and GBP/USD tick along nicely.

We’ll be looking for the majors to start moving after the FOMC so keep the forex signals page open for all the latest opportunities.

Forex Signal Watchlist

Nikkei – The Indices have finally started to get wobbly after a huge start to 2018. Watch the Nikkei for opportunities to be selling.

GBP/JPY – This pair has been in a nice trading range and if we push a little higher this will hit our upper resistance target.

Live Forex Signals

AUD/USD – 81 Cents Holding

Our long-term signal in the AUD/USD has taken a bit of time to turn the corner but its still looking good. 81 cents has started to really bite and price is having trouble pushing higher. Which is good news for our signal. The downside target is at 0.7650 in our long-term position.

AUDUSD
AUDUSD – 240 min

Litecoin – Key Support

Bitcoin (BTC) lead the crypto fall in the last few days. Litecoin was one of those to fall away also. However key support levels across the board are holding. This looks like a good time to take a long entry here in Litecoin, adding to our Bitcoin trade. Our upside target is at 185.68.

LTC
LTC – 240 min
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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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