Forex Signals Brief for Feb 16: A Plunging USD Brings Opportunity
Rowan Crosby • 2 min read
The story of the last few days continues to be the plunging USD. As the Greenback has fallen away, there has been a number of excellent opportunities in the majors and commodities.
The FX Leaders team had a day out in the conditions and nailed five out of five winnings signals. The lads grabbed profits in the NZD/USD, USD/JPY, EUR/CHF, Gold and Oil.
As it stands our long-term signals fell away a touch with the AUD/USD and GBP/USD pushing higher, thanks to the dollar weakness.
Our Bitcoin (BTC) position, on the other hand, is going from strength to strength this week. Price nudged back above the psychological 10,000 mark, which is incredibly important for us.
The USD is really pushing markets around at the moment and this means there are opportunities. So keep the forex signals page for all the latest trade setups from the team.
Forex Signal Watchlist
EUR/USD – The Euro is running into a big resistance level and there is a good chance of a pullback.
DAX/CAC – Equities continue to bounce and we are riding the buying higher.
Live Forex Signals
AUD/USD – Stops at Breakeven
Thanks to the big move over the last week or so we are now sitting nicely in profit. We’ve since moved our stop loss to break even, meaning that we can’t lose on this one. The take profit target is still at 0.7650 in our long-term position.
AUD/USD – 240 min Chart.
Bitcoin – Breakout Mode
Bitcoin has staged what can only be considered a remarkable recovery. After tagging 6000 we are now back above 10,000. This is a huge level for a number of reasons and if we hold on Friday we are well on track to hit our upside target of 12,900.
BTC/USD – 240 min Chart.