Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
New EUR/USD Trade
Information is not investment advice
4H Chart
Daily Chart
EUR/USD declined back yesterday after trying to test its 1.18 resistance area, but it failed to do so, declining all the way to 1.1765 during the Asian session today. The daily technical indicators are still showing some bullish signs, which could mean that the upside retracement is not over yet. Therefore, I would like to risk one more trade on EUR/USD today between 1.1765 and 1.1750 with a stop at 1.1725 only, with a possible target of 1.18 followed by 1.1830.
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 1.1716 | 1.1749 | 1.1764 | 1.1782 | 1.1797 | 1.1815 | 1.1848 |
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
Popular
Best Instruments to Trade This Week
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Choose your payment system
