EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 26, 2018

By:

Published: Mar 26, 2018, 08:32 UTC

EUR/USD The pair traded on a very narrow range with a positive tilt during the Friday's session. Because of the fears about a potential trade war, the

Forex Trading Signals - February 19, 2018

EUR/USD

The pair traded on a very narrow range with a positive tilt during the Friday’s session. Because of the fears about a potential trade war, the market should continue to trade choppy and noisy as it will hurt the overall market in general. The 1.21 level underneath is a strong support zone and in the upside, the 1.25 level is the very strong resistance barrier. …Read More

GBP/USD

The British pound started off negative during the Friday’s session but later during the day, got enough support to scale higher. The move above will be difficult for the market as the 1.43 level is massively resistive and also the concerns about the potential trade war will keep this market under pressure. The 1.40 level is going to be the floor of this market and is unlikely to be broken. …Read More

AUD/USD

The pair initially tried to rally during the Friday’s session but got enough resistance near the 0.7750 level to turn the things around. Right, the pair is hovering just above its major support region. The market is concerned about the potential escalation of a trade war which will make the things ugly. The support for the market extends up to 0.76 level, as it coincides with the daily uptrend line. …Read More

USD/JPY

The USD initially tried to rally against the JPY during Friday’s session but broke down below the crucial 105 level. Due to the absence of bullish factor, the market which is trading on the negative side. If in the next session, it breaks below the lows of the previous day’s session, then it will sellers will hammer this market down towards the 101 level. …Read More

About the Author

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.