EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 30, 2018

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Published: Jan 30, 2018, 08:16 UTC

EUR/USD The pair fell a bit lower during the Monday's session as it broke below the 72 hours moving average which indicates the pair to continue to go

Forex Trading Signals - January 11, 2018

EUR/USD

The pair fell a bit lower during the Monday’s session as it broke below the 72 hours moving average which indicates the pair to continue to go lower possibly reaching the 1.2275 level which was resistive in the past. Overall the bullish momentum is still intact in the market and pullback will provide good opportunity to enter this market. Paying attention to the movement of dollar index will help to chart the future trends of this market. And, the pair continues to break down below 1.22 level, then it will be a concern and could probably reach 1.20 level. …Read More

GBP/USD

The British pound dropped a bit during the Monday’s session but got a breather as it bounced up from very strong uptrend line. The market is expected to move higher using this uptrend line as support and trying reaching 1.40 level. There is a lot of noise around this pair and a pullback will be a good opportunity to pick this market lower. The US dollar continues to be in the soft state which will support this market to go higher. …Read More

AUD/USD

The AUD tried to break above the 0.81 level during the yesterday’s session but got significant resistance to scale back. Given enough bullish momentum, the market is likely to go towards the upside and make new highs. A break above 0.81 level will become more like a buy and hold the market. Buying on dips will be a good idea to enter this market until it breaks the 0.7950 level below. …Read More

USD/JPY

The US Dollar has gone sideways against Yen during most part of the session as the US dollar continued to struggle. By breaking below the 110 level, the market has entered a bearish phase and until it crosses above with significant momentum, the pair will continue to underperform. If the market breaks below the 108 level, then it will go much lower wiping out entire uptrend and will reach the 107.50 level. Next several sessions will much volatile and will chart out the future trends in the market. …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.