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

By:
Colin First
Published: Mar 22, 2018, 07:16 UTC

EUR/USD The pair bounced higher during the yesterday's session trying to reach towards the 1.23 level and above. The next few sessions, the market is

Forex Trading Signals - March 16, 2018

EUR/USD

The pair bounced higher during the yesterday’s session trying to reach towards the 1.23 level and above. The next few sessions, the market is expected to remain volatile as the Fed has moved forward with a 25 basis points rate hike and will have 2 more this year. Given enough time, this market will continue with it bullish move with a support at a major support at 1.21 level underneath. …Read More

GBP/USD

The pair rallied a bit during the yesterday’s session using the 1.40 level as support. Now, the air is clear over the rate hikes by Fed this year and similar to what was said out earlier. The pair is likely to continue moving higher with the initial target of 1.43 level and 1.45 level eventually, which has a strong resistance around. …Read More

AUD/USD

The AUD continued it negative move through the Wednesday’s session as the pair was counting on the monetary policy outlook for the year from Fed. Now they are continuing with the three rate hikes this year, the pair is expected to find some amount of bullish pressure to take it towards the 0.78 and 0.79 level. The future movement price movement depends on the performance of the dollar against major currencies. …Read More

USD/JPY

The pair drifted a little lower during the Wednesday’s session reaching towards the 106 level, an area that has a bit of psychological importance but not a major level. With Fed continuing with three rate hikes this year, the announcement which is on the expected line, that will keep the market under pressure. The 105.50 and 105 levels underneath are the massive support level underneath and is likely to be hold. …Read More

About the Author

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

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