The Daily Trend Trader For Forex for Trading On Friday

OzForex Research OzForex Foreign Exchange

Daily Trend Trader Report helps to identify the current trend status of your favorite forex markets. It not only helps us stay on the right side of market direction, but also helps to avoid those without a trend.

THE BIG SIX

% Change

3x1

7x5

AUDUSD - Aust Dollar / US Dollar	0.7477	− 1.36	0.7558	0.7612	Bearish
EURUSD - Euro / US Dollar	1.1564	− 1.93	1.1732	1.1754	Bearish
GBPUSD - British Pound / US Dollar	1.3259	− 0.88	1.3354	1.3392	Bearish
USDCAD - US Dollar / Canadian Dollar	1.3106	+ 0.94	1.3019	1.2952	Bullish
USDCHF - US Dollar / Swiss Franc	0.9972	+ 1.19	0.9882	0.9844	Bullish
USDJPY - US Dollar / Japanese Yen	110.626	+ 0.26	110.392	109.666	Bullish

ALL OTHERS

AUDCAD - Aust Dollar / Canadian Dollar	0.9799	− 0.41	0.9844	0.9850	Bearish
AUDCHF - Aust Dollar / Swiss Franc	0.7454	− 0.19	0.7472	0.7496	Bearish
AUDJPY - Aust Dollar / Japanese Yen	82.710	− 1.09	83.500	83.434	Bearish
AUDNZD - Aust Dollar / New Zealand $	1.0719	− 0.66	1.0784	1.0829	Bearish
CADCHF - Canadian Dollar / Swiss Franc	0.7609	+ 0.25	0.7592	0.7612	Neutral
CADJPY - Canadian Dollar / Japanese Yen	84.405	− 0.68	84.777	84.753	Bearish
CHFJPY - Swiss Franc / Japanese Yen	110.940	− 0.92	111.721	111.416	Bearish
EURAUD - Euro / Australian Dollar	1.5471	− 0.56	1.5523	1.5438	Neutral
EURCAD - Euro / Canadian Dollar	1.5157	− 1.00	1.5271	1.5226	Bearish
EURCHF - Euro / Swiss Franc	1.1534	− 0.76	1.1594	1.1580	Bearish
EURDKK - Euro / Danish Krone	7.4508	+ 0.01	7.4502	7.4487	Bullish
EURGBP - Euro / British Pound	0.8723	− 1.03	0.8786	0.8779	Bearish
EURJPY - Euro / Japanese Yen	127.965	− 1.66	129.519	128.931	Bearish
EURNOK - Euro / Norwegian Krone	9.4116	− 0.40	9.4445	9.5022	Bearish
EURNZD - Euro / New Zealand Dollar	1.6583	− 1.26	1.6730	1.6722	Bearish
EURSEK - Euro / Swedish Krona	10.1155	− 0.38	10.1505	10.2582	Bearish
GBPAUD - British Pound / Aust Dollar	1.7732	+ 0.46	1.7659	1.7591	Bullish
GBPCAD - British Pound / Canadian $	1.7372	+ 0.03	1.7381	1.7340	Neutral
GBPCHF - British Pound / Swiss Franc	1.3221	+ 0.29	1.3192	1.3202	Bullish
GBPJPY - British Pound / Japanese Yen	146.672	− 0.64	147.405	146.941	Bearish
GBPNZD - British Pound / New Zealand $	1.9006	− 0.22	1.9036	1.9043	Bearish
NZDCAD - New Zealand $ / Canadian $	0.9142	+ 0.26	0.9130	0.9096	Bullish
NZDCHF - New Zealand $ / Swiss Franc	0.6955	+ 0.51	0.6933	0.6923	Bullish
NZDJPY - New Zealand $ / Japanese Yen	77.155	− 0.41	77.425	77.020	Neutral
NZDUSD - New Zealand $ / US Dollar	0.6974	− 0.70	0.7010	0.7023	Bearish
SGDJPY - Singapore Dollar/Japanese Yen	82.258	− 0.47	82.548	82.180	Neutral
USDDKK - US Dollar / Danish Krone	6.4423	+ 1.97	6.3511	6.3374	Bullish
USDHKD - US Dollar / Hong Kong Dollar	7.8495	+ 0.02	7.8491	7.8466	Bullish
USDNOK - US Dollar / Norwegian Krone	8.1395	+ 1.63	8.0500	8.0909	Bullish
USDSEK - US Dollar / Swedish Krona	8.7472	+ 1.59	8.6532	8.7317	Bullish
USDSGD - US Dollar / Singapore Dollar	1.3450	+ 0.73	1.3378	1.3351	Bullish

Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in trading futures, forex, ETFs, and stocks. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results. All materials are copyright © 2018 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.

Author

OzForex Research

OzForex Foreign Exchange

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.