EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 17, 2018

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Published: Jan 17, 2018, 08:51 UTC

EUR/USD The pair drifted a bit lower during the Tuesday's session reaching down towards the 1.22 level as it tried to gain momentum. The market is

Forex Trading Signals - January 15, 2018

EUR/USD

The pair drifted a bit lower during the Tuesday’s session reaching down towards the 1.22 level as it tried to gain momentum. The market is expected to continue rising further higher based on its break above the massively resistive 1.21 level. The dips are right buying opportunity into this market as the US dollar is in a lot of trouble. In the short term, the market could possibly hit the 1.24 level and eventually the 1.25 level next. …Read More

GBP/USD

The market went slightly lower during the yesterday’s session reaching down towards the 1.3750 level, an area which was massively resistive in the past. This slight weakness in the market will provide buyers with an opportunity to enter this market and take it forward. In the lower side, the 1.3650 level is massively supportive and also the floor of this market and it is expected that the market will reach towards the 1.40 level in short term. …Read More

AUD/USD

The AUD went slightly lower during the yesterday’s session as it found resistance to go higher a bit. Overall the general sentiment of this market is bullish and the 0.80 level is going to be very important. The market will probably take few attempts to cross above as it is massively resistive and an important level in the long-term charts. Dips in this market continue to offer value and once the pair clears the 0.80 and 0.81 level, then it will be a buy and hold scenario for the traders. …Read More

USD/JPY

The pair went back and forth during the Tuesday’s session as it found the 111 level to be bit resistive. If the pair succeeds to break above the 111 handle then the market is likely to be looking forward to the 112 level next but the noise around the pair will make it bit difficult. The market is likely to trade with a negative bias in next few sessions of trading as the sell-off in USD keeping this market lower. If it breaks below the 110 level, then it will be very negative and will probably fall towards the 108 level. …Read More

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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.