Forex Signals Brief for Mar 20: Markets Are Getting Nervous Ahead of the FOMC
Rowan Crosby • 2 min read
Markets got the wobbles on Monday as the trading world awaits the FOMC decision later this week. The USD fell a touch and that made the majors pretty active.
The FX Leaders team were busy with multiple positions in the major pairs and finished up the day two and two. We found wins in the USD/JPY and Oil, while the trades in the red came via the EUR/USD and EUR/CHF.
As it stands we are short the AUD/USD and USD/JPY. While our long-term positions suffered a little bit at the hands of a falling US Dollar.
Bitcoin has seen some buying coming back in and there has been a $1000 rally off the most recent lows which is a good sign for our signal.
There’s still some tension in the air ahead of the FOMC so have your trigger finger ready and keep the forex signals page open for the latest opportunities.
Forex Signal Watchlist
Gold – Gold continues to decline, but the FOMC will be the big driver this week.
EUR/GBP – Brexit talks have strengthened the GBP, and we also have the BOE to contend with.
Live Forex Signals
EUR/USD – Falling Dollar
Our signal backed off a touch on Monday thanks to a weaker USD. There was also a boost thanks to the GBP and continuing developments with the Brexit negotiations. The take profit target is at 1.2055 in our long-term position.
EUR/USD – 240 min Chart.
Bitcoin – $1000 Rally
Bitcoin has at last found some buyers around the $7500. We’ve managed to make a sharp rally of more than $1000 to our current levels. That’s a good sign and it means we’ve made a nice entry on our new position. Our profit target is at 11,640.
BTC/USD – 240 min Chart.