Forex Signals Brief for Mar 27: Markets Find Their Feet… For Now
Rowan Crosby • 1 min read
Markets were active on Monday as some of the weekend tension managed to dissipate. That was good news for equities which ended up in the green, however, the USD wasn’t so lucky. The Greenback fell away along with the JPY, making for a very busy session indeed.
The FX Leaders Team were in everything and managed to find a number of winners. Some of the winning signals came by way of Gold, the EUR/JPY, AUD/USD.
As it stands we are short the EUR/GBP along with our long-term GBP/USD signal. Bitcoin wasn’t able to crack the 9000 mark and sold off on Monday.
Despite the shortened trading week, we still have some top-tier data releases which begin on Tuesday. So I expect the volatile conditions to continue. So keep the forex signals page open for all the latest from the FX Leaders Team.
Forex Signal Watchlist
Oil – We hit resistance and have seen a bearish looking candle.
Live Forex Signals
GBP/USD – USD Tumbles
A falling USD hasn’t been helping our GBP/USD position. It will be hard to see the pound push much higher than the 1.4300 mark. Hopefully, there will be enough resistance to hold us down until the USD gets some support. The take profit target is at 1.2055 in our long-term position.
GBP/USD – 240 min Chart.
Bitcoin – 9,000 Holding Strong
Bitcoin has once again run-up only to be met by a lack of buying interest at some key resistance levels. 10,000 appears tough to crack and now 9,000 continues to hold. BTC will need to take out one of these big levels before it can turn the corner. Our profit target is at 11,640.
BTC/USD – 240 min Chart.