Fx Signals Today

EUR/USD

The EUR/USD went back and forth during the course of the day on Wednesday. With that being the case, we believe that the 1.15 level above is massively resistive, and we are looking for resistive candles in order to sell. As of now we have no interest in buying, as the market is so bearish, and we do recognize that the market probably needs to reach down towards the 1.10 level, which is the next large, round, psychologically significant number . It is also a massively supportive level on the longer-term charts, so we feel the market will test it.

EUR/USD Signal

AUD/USD

The AUD/USD continues to hang about the 0.80 level, as the market suggests that the Australian dollar will more than likely continue to soften. With that, we feel that the market can be sold on resistive candles, as there is quite a bit of noise between here and the 0.83 level. On top of that, the gold markets going higher hasn’t even helped the Australian dollar, so therefore it’s very difficult to have any faith in the Aussie at this point of time. With that, we are looking for rallies that show signs of weakness in order to sell.

AUD/USD Signal

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AUD/USD

The AUD/USD broke higher during the course of the session on Monday after initially gapping lower, but still it has to deal with the 0.80 level above, which was once massively supportive. With that being the case, it should now be resistive and if it happens then we will see selling opportunities. In fact, it’s possible it could be a long-term signal to start selling the Aussie. On the other hand, above the 0.83 level we would consider buying the Aussie.

USD/JPY

The USD/JPY broke higher during the course of the day, but still remains within the consolidation area in which we are from some time. With that, we believe that the market still continues look bullish overall, but really at this point of time, it seems to be taking a bit of a break. Ultimately, we believe the market is going to reach for the 120 level, and then the 122 level. Above there, we should head to the 125 level, and we believe the pullbacks will continue to be buying opportunities.