Forex Signals Brief for Mar 21: The Majors In-Play as FOMC Day Arrives
Rowan Crosby • 2 min read
In what might have been a preemptive move, the USD dollar found its feet a day before we hear from the FOMC. As most would already know, the US Federal Reserve is set to raise interest rates in what might be the first of three or even four hikes this year. The USD is bound to be in the crosshairs and with that the majors will clearly be in-play.
The FX Leaders team had the one win yesterday grabbing a profit in the AUD/USD. Our other three signals were a bit of a mixed bag. However, we are currently sitting in some solid positions that benefited from a rising USD.
They were our long-term signals in the EUR/USD, which had a nice move in our favour and the GBP/USD. It managed to reverse after the Brexit hype wound down.
We are also long the EUR/CHF and GBP/USD in short-term positions.
Bitcoin has made yet another leg higher and has poked its head above $9,000. The new signal has been off to a great start and we are hoping the momentum can continue.
This is the day that we’ve had marked on our calendar for months. So don’t miss a moment of the action and keep the forex signals page open in what will be a very big day for traders.
Forex Signal Watchlist
GBP/JPY – We continue to inch our way higher and will be looking to buy a pullback.
EUR/GBP – The sharp move down has continued after what was only the smallest of rallies.
Live Forex Signals
EUR/USD – Euro Tumbles
The USD got a nice boost leading into the FOMC. That was good news for our signal as we saw a tumble in the EUR/USD. The USD will be driving the price action on Wednesday, so this will be an important session. The take profit target is at 1.2055 in our long-term position.
EUR/USD – 240 min Chart.
Bitcoin – $9,000 In-Sight
Bitcoin continues to grab some momentum and that’s been excellent for our signal. We’ve rallied into $9,000 and we are currently looking to hold. There was a positive tone from the G20 that traders and investors liked the sound of. Our profit target is at 11,640.
BTC/USD – 240 min Chart.