Forex news trading signals are sacrosanct for professional traders. It is a fact that Foreign exchange comes has multiple factors affecting from outside and quite obviously so. Dealing with as basic an economic unit as currency comes with fluctuations. This is a global phenomenon - someone somewhere at some time executing a trade in foreign exchange.
Keeping an eye out for these facts is what professionals do for guaranteeing profits. Trading signals are mostly based on technical analysis. Some even include the more certain genre of graphical analysis. However, market chart patterns are quite far in between, so it is apparent that traders ought to resort to trading in this market while keeping in touch with the external factors which obviously comes in.
Here’s a comprehensive look into some of the most important Forex news trading signals worth considering for the second quarter.
EUR USD: More Volatile but Profitable
Forex news trading signals are highly positive in this pair for the second quarter. USD looks to retrace its fall in the previous quarters and has come back with strong industrial growth and employment figures.
A lot of the forecasts do rest highly on how the Federal bank puts its interest rates. However, there’s a certainty that Dollar will grow strongly against Euros which does not show many positive signs. The Middle Asian situation did not improve as many did expect it to so investors are not entirely positive about how Euro will hold up.
So an investment of EUR-USD is something which is going to show multiple trading opportunities. Proper trend analysis and momentum magnitudes will play huge in the outcomes. However, a proper advice would be to embody all these factors into transactions especially the long term ones.
GBP EUR: The Dark Horse?
GBP EUR will show more volatility towards the second quarter. Both these currencies are still far away from giving traders a proper resistance or support points with price fluctuations well over the chart.
However, this is the Dark Horse of this quarter. Price action volatility is on the chart, but free Forex News Trading signals can give a trader the upper hand. The most important factors will obviously be among others volatility patterns and formats.
Going with a 3-day OBV RSI and Stochastic will help get a better idea of upcoming patterns. Superimposing this data with notifications from banks comes next. It is vital to resort to GBP price action with a short-term MACD as well to gauge the best Stop Loss.
USD AUD: High Risk Higher Profits
A Free Forex news trading signal once came up with a 3-digit pip profit in USD AUD which came to hand. This pair to is going to show high volatility over the upcoming session, and there is nothing better than making sure that there’s going to profit from it. However, there are certain random factors which can hamper your profits, so a proper advice is staying back till national bank notifications.
These are among the top Forex News Trading signals for the upcoming 2nd quarter. Profiting from this quarter is going to be tricky but getting the trick right can get a handsome ROI across even random situations.