Free Forex Trading Signals For 2.4.2026
It’s February 4, 2026,, and the forex market is giving us some clear setups after last week’s rollercoaster. I’ve been glued to my screens for years, and right now the combination of technical levels and momentum is screaming opportunity on a few pairs. These are the signals I’m watching closely today, pulled straight from price action, key moving averages, and reliable indicators like RSI and MACD.
Quick reminder: This is just my personal outlook based on the charts. Trading involves risk — always use proper money management and verify everything yourself.
EUR/USD – Current Price: 1.1815
EUR/USD has been grinding higher in a steady channel, and at 1.1815 we’re flirting with resistance that’s held multiple times before. The daily chart shows price respecting the 50-day SMA as dynamic support, with a series of higher lows intact. Momentum is building — RSI is climbing out of neutral territory without being overbought, and we’ve got bullish divergence on the histogram. In my experience, when the Euro holds above 1.1800 like this, it often pushes toward the next psychological level.
My view: Bullish while we stay above support. Looking for buys on dips.
- Signal: Buy
- Entry: Current at 1.1815 or limit at 1.1790
- Stop Loss: 1.1740 (below recent low)
- Take Profit 1: 1.1870
- Take Profit 2: 1.1940
- Risk-Reward: 1:2.8 overall
GBP/USD – Current Price: 1.3714
Cable is testing my patience — sitting at 1.3714 after failing to break cleanly above 1.3750 last week. We’re seeing rejection candles near that resistance zone, and the 20-day SMA is starting to curl over. RSI is rolling over from overbought, hinting at exhaustion. I’ve traded plenty of these fakeouts on GBP/USD, and right now it feels like sellers are stepping in ahead of any major UK news.
My view: Short bias until we see convincing strength above 1.3750.
- Signal: Sell
- Entry: Current at 1.3714 or limit at 1.3735
- Stop Loss: 1.3780 (above resistance)
- Take Profit 1: 1.3640
- Take Profit 2: 1.3560
- Risk-Reward: 1:2.2 overall
USD/JPY – Current Price: 156.69
This pair just keeps marching higher — 156.69 and still looking strong. The uptrend channel is pristine, with price bouncing cleanly off the 50-day SMA every time. Carry trade flows are dominant, and indicators are fully bullish: MACD expanding higher, RSI comfortably above 60. Resistance doesn’t really kick in until the 158-160 area, so there’s room to run.
My view: One of the strongest trends out there. Happy to stay long.
- Signal: Buy
- Entry: Current at 156.69 or dip to 156.00
- Stop Loss: 154.80 (below channel support)
- Take Profit 1: 158.20
- Take Profit 2: 160.00
- Risk-Reward: 1:3+ on extension
Gold (XAU/USD) – Current Price: 5047.85
Gold is on an absolute tear, pushing fresh highs at 5047.85. The long-term uptrend remains flawless — every pullback gets snapped up quickly, and we’re riding above all major EMAs. Safe-haven demand plus central bank buying keeps the bid strong, and momentum indicators aren’t showing any real weakness yet. I’ve been bullish on gold for months, and nothing on the chart is changing my mind.
My view: Continue buying the dips in this monster trend.
- Signal: Buy
- Entry: Current at 5047 or limit at 5010
- Stop Loss: 4960 (below prior consolidation)
- Take Profit 1: 5100
- Take Profit 2: 5200
- Risk-Reward: 1:2.6 overall
Bitcoin (BTC/USD) – Current Price: 76090.85
BTC is holding firm around 76100 after consolidating recent gains. We’re above the key 50-day SMA with higher timeframe structure still pointing up. Institutional interest remains high, and on-chain metrics look constructive. As long as we don’t break below 75000, the path of least resistance feels higher.
My view: Bullish bias intact — happy to add on weakness.
- Signal: Buy
- Entry: Current at 76090 or dip to 75400
- Stop Loss: 74600
- Take Profit 1: 78000
- Take Profit 2: 81000
- Risk-Reward: 1:3 on full target
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Summary Table – Trading Signals for February 4, 2026
| Asset | Current Price | Signal | Entry | Stop Loss | Take Profit 1 | Take Profit 2 |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1815 | Buy | 1.1815 / 1.1790 | 1.1740 | 1.1870 | 1.1940 |
| GBP/USD | 1.3714 | Sell | 1.3714 / 1.3735 | 1.3780 | 1.3640 | 1.3560 |
| USD/JPY | 156.69 | Buy | 156.69 / 156.00 | 154.80 | 158.20 | 160.00 |
| Gold (XAU/USD) | 5047.85 | Buy | 5047 / 5010 | 4960 | 5100 | 5200 |
| BTC/USD | 76090.85 | Buy | 76090 / 75400 | 74600 | 78000 | 81000 |
That’s my take for today. Markets move fast, so keep an eye on any breaking news that could shift these setups. Trade smart and see you in the next update!
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Disclaimer: These forex trading signals are for educational purposes only and not financial advice. Trading carries significant risks, including the potential loss of your entire investment. Always consult a professional advisor before jumping in.