2 currency pairs that ensure you achieve profits in forex trading right now

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Are you struggling to achieve profits in forex trading? In November we provided technical analysis in forex for AUD USD and EUR JPY which we still will keep an eye on. For the month of December, we are going to watch the GBP JPY and the EUR NZD, two very volatile and exciting pairs to trade. As usual, we will start out the month with a target trade and then go to regular, daily and hourly charts for the rest of the month.  Let’s see how these pairs work out this month.

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My trading strategy for achieving profits in forex trading

Do you wonder how I analyze the market and do my forex analysis? Pivot points and target trading are used to find the direction of the trades, a method that really helps me and makes profitable in most of the cases. I have already written an article where I explained in detail how target trading works.

GBP JPY Signals

Update January 29, 2020

Monthly shows this pair has continued down  towards the target of 137.323, however, as it is 478 pips from the target, it has a fair way to go yet. The rsi and cmo and in the buy zone and looks like it is ready to start moving up to the sell zone.

Weekly presents an interesting picture of this pair taking a large downturm and appearing like it is now making a reversal to go up to the target of 143.399 – 135 pips up from current position. The rsi and cmo appear to be in a divergent position which usually indicates a break out coming up. Keep an eye on this pair.

Daily shows this pair has been weaving in and out within a range and is now 123 pips below target from it’s current position of 142.052. The rsi and cmo are both in the sell zone and look ready to work it’s way down to the buy zone.

 

EUR NZD Signals

Update January 29, 2020

Monthly shows this pair weaving in and out of a target at 1.68015. With two targets at 1.72269 – 363 pips up and a target at 1.74569 – 605 pips further up this pair has a long way to go to reach them. The rsi and cmo are just below the sell zone and looks like this pair might take another short ride down first before coming up to the targets above.

WeeklyShows this target had a good movement up and has targets at 1.71490 – 289 pips above, a target at 1.72463 – 388 pips further up and another target at 1.75327 – 677 pips further up again. This pair also has targets at 1.67286 – 144 pips down from it’s current position and 1.65905 – 277 pips further down.  The rsi and cmo have been flirting just below the sell zone and have not yet decided which way to go. With enough targets both up and down, I suspect it will take another run down to 1.67286 – maybe also the 1.65905 before it starts to climb back up to the targets above.

 

Daily shows this pair has a target at 1.69344 – 75 pips above from current position. It also has two targets down from the current position – 1.67904 – 75 pips down and 1.66893 – 175 pips further down. The rsi and cmo are both in the middle while this pair makes up it’s mind which way to go.

 

 

GBP JPY signals 

Update January 23, 2020

Monthly shows this pair has hit the previous target of 144.341 and is hovering just below it. There is a further target below at 137.323 showing this pair could possibly take a trip down of 629 pips over the next few weeks. The rsi and cmo are below the sell zone and look like they are going to skim along before deciding to head back up to the sell zone or head to the buy zone.

Weekly shows all targets have been hit and no new targets have appeared  yet. Therefore no trades on a weekly time frame are recommended.

Daily shows all targets have been hit and no new targets have appeared yet. Therefore no trades on a daily time frame are recommended.

 

GBP JPY signals

Update January 8, 2020

Monthly shows this pair had moved up and retraced back down. A new target at 144.341 has appeared which is 134 pips from target. There is another target at 137.323 which is 574 pips below where this pair is presently. The rsi and cmo are just below the sell zone and has a little way to go to reach it. This falls in line with the targets as this pair should go further up to 144.341 and begin to retrace back down to 137.323

 

Weekly shows this pair has one old target at 135.155 which is 779 pips down. I think this is ambitious and even though the rsi and cmo is below the sell zone, I would not expect it to reach this target for at least a month.

Daily shows has no targets showing for the daily. The rsi and cmo again just below the sell zone. Next week should show us new targets. However with no targets showing at present no trade should be made on the daily chart until a new one appears, hopefully next week.

 

GBP JPY signals

Updated December 11, 2019

Monthly shows this pair still surging upward and a new target formed at 140.910 and 237 pips down. The second target at 137.323 is 583 pips further down. The rsi and cmo is just below the sell zone.

Weekly shows this pair just below the 143.709 another 55 pips up and then the 145.657 target, another 247 pips up. There are two targets down at 142.224 another 106 pips below current price and at 135.155 – another 820 pips further down again.  The rsi and cmo is just below the sell zone skimming along until it makes up it’s mind which way it wants to go.

Daily shows this pair has a new target which is an extension of the old target at 143.053 which is 20 pips below current price. Another target at 142.071 would give 119 pips. The rsi and cmo is just below the sell zone and appears to be headed to the sell zone. Once it reaches the sell zone, I would be looking to sell but would also confirm with further updated charting.

 

EUR NZD signals

Updated January 23, 2020

Monthly shows this pair has two targets at 1.72269 which is 528 pips up and 1.74569 which is 748 pips further up. The rsi and cmo are just in the buy zone so this looks promising for upward movement and pips.

Weekly shows this pair 3 targets at 1.71490 which is 446 pips up; 1.72463 which is 553 pips further up and 1.75327 which is 836 pips further up again. There is one target below current price at 1.65905 which is 119 pips below. The rsi and cmo is in the buy zone but has not yet turned up to indicate this pair is ready to travel up the hill yet.

Daily shows this pair has two targets which are both up from the current price. The first target is 1.67441 which is 49 pips up and the second is 1.69344 which is 237 pips further up from current price. The rsi and cmo are in the middle and look as if it is ready to travel down to the buy zone which indicates this pair should go down a bit more before it starts to travel up to targets.

 

EUR NZD signals 

Updated January 8, 2020

Monthly shows this pair has two targets. 1.72260 which is 515 pips up from where this pair is presently and 1.74569 further up which is 753 pips from where this pair is presently. The rsi and cmo is half way between the sell and buy zone, however the tip of it looks like it is heading up to the sell zone.

Weekly shows this pair has three targets on the weekly chart. 1.65905 which is 116 pips further down from where this pair is presently; 1.71490 which is 437 pips up from where it is presently and 1.72463 which is 542 pips further up from this pair’s present position. The rsi and cmo is just above the buy zone indicating it should come down a bit further before moving up to the sell zone.

Daily shows this pair has no current targets. The rsi and cmo is in the buy zone at present and indicates this pair should move up soon. However with no targets showing at present no trade should be made on the daily chart until a new one appears, hopefully next week.

 

EUR NZD signals

Updated December 11, 2019

Monthly shows this pair has taken a surge up, however it has a target at 137.323 which is 539 pips down.  The RSI and CMO is just under the sell zone so I expect it to go up a little more before it heads it’s way down.

gbp jpy trading signal hourly charts
eur nzd trading signal hourly charts

Weekly shows this pair hit the 1.68288 target and has now bounced back up and appears to be headed to the 1.71490 target – another 242 pips further up. The next target at 1.72463 – another 340 pips up and a further target at 1.75327 which is 627 pips up. The rsi and cmo appear to be in divergence, the rsi heading to the sell zone and the cmo squarely in the buy zone. This usually indicates a dramatic movement coming up, possibly this pair will trend once it makes up it’s mind to move.

Daily shows this pair has been moving up to the new target at 1.69258 – 18 pips up. There are three targets above this, 1.70591 which is 157 pips up,  1.71405 which is 237 pips up and 1.72257 which is 318 pips further up. The rsi and cmo are just below the sell zone which gives this pair room to move up to the first target of 1.69258. A close eye on this to see if it continues to move up or if it retraces a bit before it moves on to the second target of 1.70591.

 

EUR NZD signals

Monthly shows this pair hit the 1.68106 target and bounced back up headed towards the 1.72269 – another 312 pips up and the 1.74569 – another 549 pips up. The rsi is midway to the sell zone and the cmo is just underneath the sell zone indicating some further upward movement before it comes down again in a retracement.

Weekly shows this pair has two targets further up one at 143.709 which is 128 pips further up and another at 145.657 which is 322 pips further up.  Remember these are fairly old targets and the older they get the more unlikely the trade will go-to target. There is a recent target down at 135.155 which is 742 pips down and with the RSI and the CMO both solidly just in the sell zone, I think this pair is headed down soon.

gbp jpy trading signal, 1 hour charts, profits in forex trading
gbp jpy trading signal, 1 hour charts

Daily shows this pair has no daily target at present. Therefore no trade for a daily trade until a new target presents itself.

EUR NZD signals

 

Monthly shows this pair has three targets.  It has just had a large downtrend and seems to be heading to the target at 1.68106 which is 154 pips down. There are two targets up, the first one at 1.72269 which is 274 pips further up and the second at 1.74569 which is 498 pips further up.  The RSI and CMO are solidly in the buy zone but still pointed down, so I expect this pair to reach the target at 1.68106 and then head back up to the most recent and closest target at 1.72269 – 274 pips upward.

eur nzd trading signal, 4 hours charts
eur nzd trading signal, 4 hours charts

Weekly shows this pair has three targets, all in the upward position.  The first is 1.71490 which is 196 pips up, the second is 1.72463 which is 293 pips upward and the third is 1.75327 which is 576 pips further up.  The RSI and CMO are both just above the buy position and headed down to that buy position.  I expect this pair to go a little further down before it makes a u-turn and go back up.

eur nzd trading signal, 1 hour charts
eur nzd trading signal, 1 hour charts

Daily shows this pair also has three targets upward and has been on a downtrend for some time.  The first target is 1.70591 which is 101 pips upward, the second target is 1.71405 which is 180 pips upward and the third and oldest target is 1.72257 which is 269 pips upward. Both the RSI and CMO have just left the buy zone to head back toward the sell zone and it looks like this pair agrees as already you can see it heading back up the ladder.

eur nzd trading signal, 10 minutes charts
eur nzd trading signal, 10 minutes charts

Are you struggling to achieve profits in forex trading?

All traders have good and bad times with their forex results. Maybe you just don’t feel ready to open new trades just based on the trading signals in this article. And that is okay. Never trade if you don’t feel comfortable. Sometimes the best thing a trader can do is to just rest and have a break. If you are tired of trading on your own, we have some good recommendations for you. We have covered plenty of trade-copiers here. Do you want to learn more about 7 of the most successful forex traders ever? We have just presented a very interesting list of legends of the Forex industry! If you want to learn some really effective Forex strategies, you should check out this article. Like every week, I’m super excited to share my fresh forex day trading tips with you, and I hope that everyone can maximize their profits based on my accurate forex trading signals.

We provide new trading signals every week

Was it helpful that I shared my signals with you here in the Forex and Profits community? What do you think will happen next with the AUD USD and EUR JPY currency pairs? I’d love to know what you thought of this article. Don’t forget to go to our facebook page and give us a “Like” and leave your comments.

The last weeks before Christmas are often slower than normal in the currency markets, but hopefully, we will achieve some nice profits in forex trading already now, before this year is over.

Disclaimer:

Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.

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