EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 4, 2017

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Published: Dec 4, 2017, 13:22 UTC

EUR/USD The pair initially tried to rally above the previous day's high of 1.1930 level on Friday's session but faced significant resistance and turned

Forex Trading Signals - September 01, 2017

EUR/USD

The pair initially tried to rally above the previous day’s high of 1.1930 level on Friday’s session but faced significant resistance and turned back to reach towards the 1.1850 level. The rally above the 1.20 level will be significant for the market which will send this market much higher in the long term. Looking ahead, this market will be volatile as the Senate Republicans have passed the important tax reform bill which will strengthen the dollar. The 1.18 level is going to be the base of this market and will find buyers around this region. …Read More

GBP/USD

The pair traded with negative bias during the Friday’s session to reach below the 1.35 level again. These types of pullback help to attract buyer’s interest into the market as the market is in the uptrend. A close above the 1.36 level will send this market to much higher level towards the 1.3650 level which is also massively resistive so if the market breaks above then it will be a buy and hold situation. The 1.333 level underneath will be a support zone for the market. …Read More

AUD/USD

The pair was initially sideways during the most part of the day on Friday hovering around the 0.75 level but as soon the news that General Flynn suggested that he was willing to testify against the White House in the Russian probe, the market shot higher reaching the 0.76 level. This is causing a lot of people to move away from the dollar. Right now, any short-term pullback in the market will be a good buying opportunity. A break above 0.7650 level will probably send this market higher towards the 0.7750 level. The gold market will also influence this market for setting the trend. …Read More

USD/JPY

The market was extremely volatile during the Friday’s session as it broke down significantly at the end of the session. The fall triggered by a political move when General Flynn suggested that he was willing to testify against the White House and the Russian broke. This scared a lot of traders in the market which led to a collapse. Until this market breaks below the 112 level, it will able to attract buyers which will send this market higher. …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.