Daily Forex Signal: GBP/USD May Retrace Toward 1.50
The British pound is losing ground against the US dollar at this hour, as the decline from recent highs near the 1.55 handle continue in trading today. The GBP/USD is last priced at 1.5225, trading near its session lows just above the 1.52 handle. The next level of support for the currency pair should present… Continue Reading
Forex Signal: GBP/USD Set to Reverse Course
The British pound has had an inexplicable run over the past two weeks, reaching impressive heights against the US dollar. However, the pair is likely to reverse both immediately and violently, as traders come to realize that the move was overdone. The GBP/USD is last priced at 1.4945, just off its recent highs above the… Continue Reading
Forex Signal: EUR/USD Heading to Fresh Lows
The euro has held its ground against the US dollar over the past two week, though the shared currency’s strength was more a function of dollar weakness. As risk aversion heightens in the global marketplace, the euro will find substantial resistance to further upside. The EUR/USD is last priced at 1.2235, after falling from recent… Continue Reading
Forex Signal: EUR/AUD Making Break to New Lows
The euro is on the verge of falling to record lows against the Australian dollar, signaling a substantial downward move in the coming trading days. The EUR/AUD is last priced at 1.4075, well off the Friday highs atop the 1.43 handle. The final support for the currency pair will present near the 1.3930 level, after… Continue Reading
Daily Forex Signal: Selling Risk Into Weekly Close – NZD/USD
Heading into the weekly close, traders should continue to short riskier currencies, which have held up surprisingly well amid broader market declines. Specifically, the New Zealand dollar appears overpriced relative to its US counterpart, which may result in a sharp selloff heading into tomorrow’s session. Last priced at 0.7110, the pair remains near its highest… Continue Reading
Daily Forex Signal: EUR/USD Weakness is Coming
On the heels of the FOMC rate statement, which market participants confused as being good news, the euro is climbing against the US dollar. However, those gains will be lost soon. Last priced at 1.2315, the EUR/USD has exhibited some stability over the past couple weeks, which “analysts” have confused as suggesting stability going forward…. Continue Reading
Daily Forex Signal: Short EUR/USD
Please visit the forum to view today’s Forex signal on the EUR/USD. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
Daily Forex Signal: Short GBP/USD
Please visit the forum to view today’s Forex signal on the GBP/USD. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
Daily Forex Signal: Buy EUR/GBP
Please visit the forum to view today’s Forex signal on the EUR/GBP. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
Daily Forex Signal: Short EUR/CHF
Please visit the forum to view today’s Forex signal on the EUR/CHF. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
