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