Forex Signals Brief for Feb 12: The Greenback to Drive the Majors This Week
Rowan Crosby • 2 min read
As volatility returns to US equity markets we are also seeing a bullish Greenback. The USD has staged a bit of a turnaround and this week it looks like it will be a key driver. US CPI is due for release and there is the potential for more action to come.
The majors were also in focus on Friday as the FX Leaders team pulled in two out of two winning signals. There were profits in the AUD/USD and USD/JPY which made for a strong week.
As it stands our long-term signals are looking increasingly healthy. The AUD/USD and GBP/USD are tracking along well after a tough start. While there has been a big move in Bitcoin (BTC) to the 9000 level after seeing lows of 6000.
As mentioned the USD has a busy week ahead so the majors will play a big role. So keep the forex signals page open as we are in for an important week.
Forex Signal Watchlist
EUR/USD – The Euro is falling as we see strength come back into the USD.
S&P 500 – Volatility is high at the moment with big moves in both directions.
EUR/JPY – Hopefully there will be a bounce coming our way soon.
Live Forex Signals
AUD/USD – More Downside Ahead
The AUD/USD position is starting to look very good. There isn’t much support standing in our way between us and our take profit. However, we have Aussie jobs and US CPI out this week that we will have to navigate. This one is going very nicely at the moment. The take profit target is at 0.7650 in our long-term position.
AUD/USD – 240 min Chart.
GBP/USD – Back to Square
Our GBP/USD has certainly tested our patience. While we are now finally back to around the breakeven area, we are looking for more weakness. Given the strength that is coming back into the USD, we can feel confident that things are on the right track. Our downside target is at 1.3237.
GBP/USD – 240 min Chart.