Forex Signals Brief for Apr 4: The Action Moves Back to the EUR/USD
Rowan Crosby • 2 min read
Markets were active on Tuesday and the FX Leaders team were again in the thick of it. There were a number of opportunities across the board as markets got lively for the first time since the Easter break.
The guys managed to find winning signals in the EUR/USD, AUD/USD and GBP/JPY. While there were a couple of trades in the red coming from the S&P 500 and gold.
At the moment, we are short the NZD/USD, after a bit of a run-up. While our long signal in the EUR/CHF remains open.
Our GBP/USD inched higher but didn’t do any damage on Tuesday. While Bitcoin has regained some ground and is again trying to find some buyers.
Most of the focus will be on the EUR/USD on Wednesday as the Eurozone CPI takes center stage. After a nice winner in the Euro yesterday, the guys will be looking for more of the same. So keep the forex signals page open as we are anticipating more action in forex markets.
Forex Signal Watchlist
DAX – World equity markets have been choppy over the last few sessions, however, there is still some support holding things up for the time being.
Live Forex Signals
EUR/CHF – Awaiting CPI
We’ve been holding our EUR/CHF trade for a few sessions now and I still like this position. As you can see the uptrend is strong and we have just run into a period of consolidation. That’s often the way price action works. There is a far greater chance of a continuation than a reversal. Eurozone CPI will play a big part in this one on Wednesday. The take profit target is at 1.1797 in this short-term position.
EUR/CHF – 240 min Chart.
Bitcoin – Buyers Trying
The buyers are having another go at pushing Bitcoin higher. The last few attempts haven’t been successful, however, the charts appear to be more bullish than previously. Our profit target is at 11,640.
BTC – 240 min Chart.