Free Forex Trading Signals For 12.02.2024

EUR/USD

Current Price: 1.0472
The EUR/USD pair is currently showing a slight bearish trend, with the price trading below key resistance levels. Technical indicators such as the RSI and MACD suggest that the market is consolidating, but the overall sentiment remains negative. Traders might consider selling at current levels, with a stop loss placed above 1.0500. A potential take profit level could be around 1.0420.

GBP/USD

Current Price: 1.2631
GBP/USD has been experiencing a mixed trend, influenced by economic data and political developments. The pair is currently trading near a significant support level, which could provide a buying opportunity. However, caution is advised due to the uncertain broader trend. Traders might consider buying at current levels, with a stop loss placed below 1.2590. A potential take profit level could be around 1.2700.

USD/JPY

Current Price: 149.82
USD/JPY is showing a bearish trend, with the price trading below key resistance levels. The pair is currently testing a significant support level, indicating a potential rebound or further decline. Traders might consider selling at current levels, with a stop loss placed above 150.50. A potential take profit level could be around 149.00.

Gold

Current Price: 2647.44
Gold prices have been rising, influenced by a weaker US dollar and geopolitical tensions. The metal is currently trading near a resistance level, which could limit further upside. Traders might consider selling at current levels, with a stop loss placed above 2655. A potential take profit level could be around 2630.

BTCUSD

Current Price: 96674.99
Bitcoin (BTCUSD) is showing a bullish trend, driven by increased investor confidence and positive market sentiment. The price is trading above key support levels, indicating further upside potential. Traders might consider buying at current levels, with a stop loss placed below 95500. A potential take profit level could be around 98000.

Summary

EUR/USD: Sell at 1.0472, Stop Loss at 1.0500, Take Profit at 1.0420
GBP/USD: Buy at 1.2631, Stop Loss at 1.2590, Take Profit at 1.2700
USD/JPY: Sell at 149.82, Stop Loss at 150.50, Take Profit at 149.00
Gold: Sell at 2647.44, Stop Loss at 2655, Take Profit at 2630
BTCUSD: Buy at 96674.99, Stop Loss at 95500, Take Profit at 98000

Disclaimer

These signals are based on technical analysis and current market conditions. Always conduct your own research and consider your risk tolerance before making any trading decisions. Past performance is not indicative of future results.

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