It was a nice return to the trading week for the FX Leaders team, as the boys managed to bag four winners. Equity markets have been in the news over the last week and the bounce that we had been waiting for gathered some steam.
That allowed the guys to nail wins in a number of the indices including the S&P 500, CAC and DAX. All to the upside. We also managed to find a winning signal in gold. However, on the forex front, things were a little quiet.
As it stands our long-term signals pulled back a touch. The AUD/USD and GBP/USD suffered as the USD fell away. We also opened up a long position in the USD/CAD.
However, our Bitcoin (BTC) position continues to attack the 9000 level which is a really nice move off the lows.
Forex markets have made a relatively quiet start to the trading week, but we have some huge economic data out over the course of the week, starting with UK CPI today. So be sure to keep the forex signals page open as we will see the action ramp up as the week continues.
Forex Signal Watchlist
EUR/USD - The USD has started to strengthen and it looks like we are entering a bearish period for the EUR/USD.
Live Forex Signals
AUD/USD - USD Weakness
The AUD/USD moved higher on Monday, thanks to some weakness in the USD. This looks like it’s just a pullback at the moment and overall this position is going along perfectly. The take profit target is at 0.7650 in our long-term position.
AUD/USD - 240 min Chart.
BTC/USD - Testing 9000
Our Bitcoin (BTC) trade has been finding some strength over the last few sessions. In fact, we have seen a 50% retracement off the most recent lows. We have some resistance ahead that we need to contend with, and I would like to see us poke our head above the 10,000 mark. Our upside target remains at 12,900.
BTC/USD - 240 min Chart.