Forex Signals Brief for Feb 21: FOMC to Rock the Majors - Forex News by FX Leaders

Forex Signals Brief for Feb 21: FOMC to Rock the Majors

Posted Wednesday, February 21, 2018 by
Rowan Crosby • 2 min read

Hey All,

The first big day of the week is here and things are going to start to get pretty interesting from here on. FOMC minutes are due for release and that’s going to put the majors in the firing line. But it also means there is opportunity ahead.

The FX Leaders team found two winners on Tuesday by way of the EUR/CHF and the GBP/JPY. There were three trades in the red including the NZD/USD, USD/JPY and gold.

The USD rallied and that helped our AUD/USD and GBP/USD signals.

Our Bitcoin (BTC) trade consolidated yesterday and we are still working up to an attack on the 12,000 resistance level. Our profit target isn’t far away and sits at 12,900.

The rest of this week is big for the majors so keep the forex signals page front and center as it will be an important few days on forex markets.

Forex Signal Watchlist

USD/JPY – The USD strength has helped the Yen and this one will be in-play after a big FOMC Minutes release.

AUD/USD – The Aussie has put in what we think is a high at 80 cents. It’s only downhill from here.

CAC – Equities are weakening and there will be opportunities ahead.

Live Forex Signals

GBP/USD – Busy Calendar

There is plenty of news ahead that will impact the GBP in the next 24 hours. Shain has a nice wrap-up of what’s going on. I feel we have more downside ahead if the USD can remain bullish after the FOMC.

GBP/USD – 240 min Chart.

AUD/USD – The Down Trend Continues

The AUD continued to weaken overnight as the USD found its feet. I can’t see us regaining our highs anytime soon so the downtrend will continue. Watch out for a potential short-term signal on Wednesday to add to this position. The take profit target is still at 0.7650 in our long-term position.

AUD/USD – 240 min Chart.

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of