Forex Signals Brief for Feb 2: NFP Awaits Traders as We Hit Four Winners
Rowan Crosby • 2 min read
It’s been another active day on forex markets with plenty of opportunities around. The FX Leaders team have had another strong day, this time pulling in four wins with only two losses.
Wins came across the board with signals in Gold, the DAX, EUR/CHF and NZD/USD ending up in the green.
Currently, we are only in a number of long-term positions including the AUD/USD and GBP/USD trades. More USD weakness has helped, particularly in the AUD/USD.
With the recent weakness in the cryptocurrencies, we are now in two long-term positions. Both BTC and LTC saw some selling on Thursday as the cryptos have been getting sold-off.
Today is very big thanks to the release of US employment data so keep the forex signals page open for all the latest signals in what could be a volatile session.
Forex Signal Watchlist
USD/JPY – The Yen has been putting in a bit of a base and we are chasing a long position.
Nikkei – The Nikkei is currently around an important support level and there might be a buying chance.
GBP/JPY – We’ve broken out to the upside here and there is a short on the horizon.
Live Forex Signals
AUD/USD – AUD Set to Tumble?
We’ve been tracking the fate of the Aussie closely this week as price has been testing some big resistance levels. As it turns out we held strong and the AUD has turned around. Which is positive for our signal. The downside target is at 0.7650 in our long-term position.
Bitcoin – Key Support Below
Bitcoin (BTC) and the other cryptocurrencies have run into more selling this week. They have been testing big support levels and to this point, they haven’t held. As it stands the next major level below looks to be 8000 and we are hoping that we aren’t going to be testing that today. Our upside target is at 12900.