Forex Signals Brief for Feb 9: More Volatility Brings More Winners
Rowan Crosby • 1 min read
US equities once again faced a massive sell-off which is filtering its way through worldwide markets. Fear and volatility are high and it’s been a great chance to use that grab some strong trends.
The FX Leaders team had another excellent day in the volaille markets. We ended the day with four wins and two losses. The winners came in Gold, Oil the NZD/USD and the Yen.
US Dollar strength continues to help our positions in the AUD/USD and GBP/USD as we grind towards our take profit targets.
Bitcoin (BTC) is also staging somewhat of a rally as we are now back above the 8000 mark and seemingly on the right track.
I suspect we have more selling coming for US stocks. That means more volatility. Keep the forex signals page open as there are going to be some excellent opportunities for traders.
Forex Signal Watchlist
EUR/USD – The Euro has started to look weak thanks to some USD strength.
S&P 500 – There will be plenty of chances in the SPX over the next week or so.
EUR/JPY – We are testing support and looking for a bounce.
Live Forex Signals
AUD/USD – Eyeing our Take Profit
There was more USD strength in yesterday’s trade and that helped all of our positions. We have taken out the 78 handle and are looking for some more downside as we approach our target. The take profit target is at 0.7650 in our long-term position.
BTC/USD – Gaining Steam
Bitcoin (BTC) has stabilized above 8000. We are starting the recovery but will find more resistance ahead at 9500. For now, atleast, the slide appears to be over. Our upside target is at 12900.