Forex Signals Brief for Mar 15: USD Still Holding the Majors to Ransom
Rowan Crosby • 2 min read
The week continues to be a good one for the FX Leaders Team. The boys grabbed three more winning signals, taking the weekly tally to 13 winners with only three losses. That’s an 81% strike rate in a world where 55% is considered excellent.
The USD continues to push the forex world around and it can’t quite make up its mind. We had disappointing Retail Sales yesterday, so dollar watchers will be focused on the Philly Fed today. We would like to see some upside for the sake of our long-term signals.
As it stands we are currently long the Kiwi in a short-term signal. Meanwhile, our longer-term signals are moving in the GBP/USD, EUR/USD and AUD/USD are moving in sync with the dollar.
If we can get some more upside in the dollar we will be happy. So keep the forex signals page front and center as the great week of trading continues.
Forex Signal Watchlist
Gold – We are looking for a long entry here, but Gold has been consolidating in a tight range over the last few sessions.
Live Forex Signals
EUR/USD – Break-Even
At the moment we are hovering around breakeven as the USD has been a little directionless in the last few sessions. We tick higher on good news, then back down on bad. Eurozone CPI will give this signal some volume and that’s out on Friday. The take profit target is at 1.2055 in our long-term position.
EUR/USD – 240 min Chart.
AUD/USD – 79 Cents is Strong Resistance
The Aussie tried and failed at 79 cents, as we thought it might. Only a tumbling USD will see us push any higher I would think 80 cents just isn’t fundamentally justifiable for a weak Aussie economy. Our profit target is at 0.7650.
AUD/USD – 240 min Chart.