EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – March 29, 2018

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Published: Mar 29, 2018, 08:03 UTC

EUR/USD The pair continued to be choppy through the Wednesday's session as the 1.24 level is getting too resistive. Given enough time, the market is

Forex Trading Signals - February 19, 2018

EUR/USD

The pair continued to be choppy through the Wednesday’s session as the 1.24 level is getting too resistive. Given enough time, the market is likely to break above this important level and also the market is looking bullish over the long-term. The 1.21 level is the bottom of this overall uptrend and pullbacks will provide a good opportunity to pick this market lower. …Read More

GBP/USD

The pair traded on a weak pattern during the Wednesday’s session reaching down towards the 1.4140 level. The pair has enough support underneath and will continue to attract buyers into the market. The long-term target for the market will be at 1.43 level and then next at 1.45 level. …Read More

AUD/USD

The AUD broke down the significant 0.77 level in the Wednesday’s session which is a negative development and will take this market further lower. There are major support levels around the 0.76 and 0.75 level and a clearance above 0.77 level will attract some of the buyers into the market. Keep an eye on the movement of gold prices and dollar performance against major currencies. …Read More

USD/JPY

The pair exploded higher during the Wednesday’s session reaching towards the 106 level. This level is a bit resistive and the market is likely to fall back again as the dollar is going around weak. It has a strong support around the 105.50 level and then at the 105 level. Volatility will continue to affect this pair and the movement in the global stock market. …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.