US Economy

Forex Signals Brief for Apr 27: Five Out of Five as We Eye US GDP

Posted Friday, April 27, 2018 by
Rowan Crosby • 1 min read

The USD has continued its resurgence as it keeps on breaking to the upside. As a result, the majors have been busy, which was also helped by both the ECB and BOJ.

The FX Leaders Team have been busy as well, making the most of the strong dollar as we managed to find five out of five winning signals. That should give our accounts a nice boost going into the weekend.

The wins came thick and fast in the majors including the EUR/USD, USD/CAD, NZD/USD and USD/JPY. We also grabbed some profits in Gold which is usually driven by the USD.

On Friday all the interest is on US GDP. A strong result might just see a massive USD rally with plenty more opportunities in the majors.

Forex Signal Watchlist

GBP/JPY – Price has pulled back thanks to a strong JPY. We are still looking for a long entry here.

Live Forex Signals

GBP/USD – Attacking Support

The GBP/USD is still flirting with support, thanks mostly to some USD strength. If the trend can continue we’ll be breaking down further. Much depends on GDP out of the US and the UK. It’s a big day ahead for this pair. The take profit target is at 1.3237 in our long-term position.

GBP/USD
GBP/USD – 240 min Chart.

EUR/CHF – Just Missed our Take Profit

We are continuing to try and hit our take profit after some very close calls. The chart looks like it is still bullish to me and we just need a little patience. The take profit target is at 1.2003.

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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