Forex Signals Brief for Apr 24: Majors are on the Charge

Posted Tuesday, April 24, 2018 by
Rowan Crosby • 2 min read

Markets came out swinging on Monday. And it was the majors that were in the firing line as the USD decided to go on a big rally. As the Greenback broke out of its trading range, we saw some big moves.

The FX Leaders Team opened a few new positions on Monday but only closed the one, as we wait for the dust to settle. We have to remember that we have some important events on the calendar this week, so we need to tread lightly early on.

As it stands we are now in a EUR/CHF position as well as the EUR/GBP. Along with our GBP/USD long-term signal that took a huge leap forward on Monday.

If the trend in the USD continues I expect more opportunities in the majors this week. So keep a close eye on the forex signals page for all the latest.

Forex Signal Watchlist

Oil – Nothing can seemingly stop the bull run. However, 70.00 is a big level that we are getting very close to.

Live Forex Signals

GBP/USD – Looking Good

The GBP/USD kept on tumbling which is exactly what we want to be seeing. The resurgence of the USD has been good to us and we have found some momentum. It’s been a slow burn but we are now moving back towards breakeven. We are at a big support level and if it gives way we will be laughing. The take profit target is at 1.3237 in our long-term position.

GBP/USD
GBP/USD – 240 min Chart.

EUR/CHF – Adjusted Stop

The EUR/CHF has pulled back a little more than we might like. That’s the biggest trick to trading with the trend and entering on pullbacks. They can often fall back further than you might like. This is solid trade regardless of the result. The take profit target is at 1.2003 in our short-term position.

EUR/CHF
EUR/CHF- 240 min Chart.
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About the author

Rowan Crosby is our Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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