8 Free Forex Trading Signals For Mar 27 – March 31 2017
With the Monetary Policy Meeting Minutes on March 20 @ 8 EST, the AUD saw some great price movement but negated a few of the signals from last week.
Here is the recap……..POTENTIALLY 700 PIPS WERE IN PLAY!
AUDJPY – Called the bearish pattern and resistance. Price dropped almost 300 pips.
AUDUSD – Signal said needed to see weakness to short. Weakness obvious on March 20 and dropped for 90 pips.
EURJPY – Price reacted as indicated with best case trade for +200 pips – pain free.
USDJPY – Signal was bang on. Price dropped over 200 pips.
AUDSGD – Followed other AUD crosses. Compression near top of momentum candle usually indicates strength especially when no rejection from resistance. Probabilities.
AUDCHF – No upside break but March 20th had clear price rejection. Price action traders may have had the downtrend line from Feb 22 high to March 3 high. Seeing it broken and a strong reversal into the retest sets up your opportunity.
EURAUD – Signal indicated no long interest for me simply due to the pattern….but price went long. Go figure. Price dropped to indicated support and drove to the upside.Price ran right into resistance and closed semi-bearish.
GBPAUD – The signals were heavy with AUD so no surpirce that this trade went the oppositve direction from signal on March 21.
GBPUSD – Price broke north of the price pattern without much follow through. Signal indicated downside if weakness at top of pattern. No weakness.
AUDCAD DAILY CHART
EURAUD DAILY CHART
EURGBP DAILY CHART
EURJPY DAILY CHART
EURNZD DAILY CHART
GBPJPY DAILY CHART
NZDCAD DAILY CHART
NZDJPY DAILY CHART