9 Free Forex Trading Signals For Mar 20 – March 24 2017
As expected, price did not react with much vigor until FOMC on the 15th. Keeping news events like this in mind prevents a trader from “jumping the gun” and getting wrong sides.
Swing trading is an exercise in patience but that patience can be quickly rewarded with:
1. Bigger moves
2. Less stress
3. Less broker fees
AUDCAD WEEKLY – Still chugging to the upside but bigger picture is still a range that started in 2014
AUDUSD DAILY – Bear flag failure. No trade.
CHFJPY DAILY – Price consolidated for the week until Friday when bears stepped in. Although the signal was for shorts, this would have been a tough trade to be involved in unless you are good at spotting weakness in a range.
EURCAD DAILY – Trade played out for +100 pips as resistance held.
EURCHF DAILY – Signal called for short off resistance and price broke strong to downside. Probable best case pip accumulation of 90 pips.
GBPAUD DAILY – Price compression still in play
NZDJPY DAILY – There were trades available as indicated. Backside resistance trade gave up +100 pips.
USDCAD DAILY – Downside break delivered over 100 pips. REMEMBER – support and resistance are zones…not definite price points. With less than 40 pips to the high close in December on a daily chart….this is a zone.
AUDCHF DAILY CHART
AUDJPY DAILY CHART
AUDSGD DAILY CHART
AUDUSD DAILY CHART
EURAUD DAILY CHART
EURJPY DAILY CHART
GBPAUD DAILY CHART
GBPUSD DAILY CHART
USDJPY DAILY CHART