Forex Signals Brief May 29: Quiet Markets for Whit Monday Bank Holiday
Skerdian Meta • 2 min read
Last Week’s Market Wrap
This Week’s Market Expectations
Today the price action is quiet as most of the markets are closed for Whit Monday. Tomorrow we have the Q1 GDP report from Switzerland, which is expected to show a return to growth, followed by the US CB Consumer Confidence. Australian CPI inflation will be released on Wednesday, followed by the Canadian GDP report, the ADP Non-Farm Employment Change and the ISM Manufacturing PMI, while the NFP report will be released on Friday.
Forex Signals Update
Last week the USD remained in charge once again despite the occasional pullback, with most risk currencies on the retreat. We remained mostly long on the USD, buying the pullbacks, which was a good strategy, so we ended up with 20 trading signals, 14 of which were winning forex signals and six losing ones.
GOLD Breaks the Support
XAU/USD – 240 minute chart
The 20 SMA Keeps Pushing EUR/USD Down
BITCOIN Testing the 50 SMA
BTC/USD – Daily chart
The 100 SMA Held for ETHEREUM
In recent weeks, the buying pressure for Ethereum has slowed down, and we have witnessed a retreat in its price over the last few days. However, the correction appears complete as the 100 SMA (green0 held as support for ETH/USD. Now buyers are testing the 50 SMA as well.