EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 22, 2018

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Published: Jan 22, 2018, 08:27 UTC

EUR/USD The pair initially rallied higher reaching towards the 1.23 level in the Friday's session but due to enough noise there, the pair pulled back to

Forex Trading Signals - January 15, 2018

EUR/USD

The pair initially rallied higher reaching towards the 1.23 level in the Friday’s session but due to enough noise there, the pair pulled back to reach the 1.2233 level. Going ahead, the market is expected to find plenty numbers of buyers at these and the weak US dollar will eventually send this market higher towards the 1.25 level and above. The 1.21 level is an important and massive support level underneath, extending up to 1.20 level. …Read More

GBP/USD

The pair started the Friday’s session with an upward bias but found the 1.3950 level bit difficult to cross above and pulled back a little from there. The market is expected to continue trade with a positive bias and occasional pullback is more like a momentum-building exercise for the market. A break above 1.40 level is going to be a major breakout for the pair which could send this market higher. The 1.3650 level underneath is acting as the floor of this market. …Read More

AUD/USD

The AUD initially rallied during the Friday’s session reaching as high as 0.8040 level but sellers came back into the market and pushed it towards the 0.80 level which is an important area going back several decades. The market around this level is likely to witness a lot of noise. The market is well-supported at the 0.7950 and 0.79 level and buying on dips will be the right strategy to play this market. …Read More

USD/JPY

The pair continued to trade weak in the Friday’s session, reaching down towards the 110.50 level as the dollar is facing a lot of weakness. The 110 level is going to be supportive in the longer term charts, and a break could possibly send this market as low as 107.50 level. The market is expected to see a lot of choppiness and will consolidate between the 110 as a bottom and 113 level on the top. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.