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Signals

We publish forex signals once we see a good trading opportunity. The signals are free and updated in real time by our team of traders. The fundamental factors and the technical levels are always at the forefront, and this is why it is key to have both sides of the picture. To get the most out of forex trading, one has to be flexible in his approach and look constantly for new opportunities to correctly predict the market.

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USD/JPY binary signal - U.S. Non-manufacturing PMI - 05 Jun 2018

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Following the breakout above the support level at 109.76 – 109.70 level, USDJPY has been trading rather flat. We would consider daily CALL options at 109.75 for a 21:00 GMT expiry time. With the decline to 109.75 level of support, we expect that USDJPY will close higher on the day.

GBP/USD binary signal - UK Construction PMI - 04 Jun 2018

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An increase in activity could mark a somewhat better view on the overall GDP growth of the region. Today's binary trading signal is GBPUSD. The currency pair has been hovering near the lows of 1.3300 level over the past week. But the flat price action indicated that a bottom was taking shape.

BTC/USD binary signal - Bullish flag pattern - 30 May 2018

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After found support close to 7000, Bitcoin bullish mojo is back and traders are looking towards 7600 for the near term. Currently, BTC price is consolidating around 7500 in a bullish flag formation and we would expect a short term breakout and potentially Bitcoin closing higher on the day.

USD/CAD binary signal - BoC Interest Rate Decision - 30 May 2018

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The Bank of Canada will be meeting today for its monthly monetary policy meeting. According to the OIS markets, the expectations are that the Bank of Canada will leave the benchmark overnight rate unchanged at 1.25%. This would mark a third consecutive month where interest rates were left unchanged.

GBP/USD binary signal - British pound looks for support - 29 May 2018

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GBPUSD is down to a 6-month lows, the strong bullish sentiment surrounding the US Dollar continues despite the slump in the US Treasury bond yields. Currently, the British pound is in a free fall and we expect the currency pair to find support around 1.3220 and potentially close higher on the day.

EUR/USD binary signal - ECB's Mersch speech - 29 May 2018

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The selling pressure around the Euro remains with growing concerns about political uncertainty in Italy. Traders will be looking for ECB's Mersch speech later today at 10:30 GMT. Meanwhile EURUSD is trading lower around 1.1570, in our views the pair still has downside on the charts and we expect to find support close to 1.1500 and potentially close higher for 21:00 GMT expiry.

USD/CAD binary signal - U.S. consumer confidence - 29 May 2018

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The Conference Board of the U.S. will be releasing the consumer confidence data for the month of May. Economists polled expect consumer confidence to remain mostly unchanged at 128.2 during the month. In April, consumer confidence was reported at 128.7. The data will be released at 15:000 GMT.

GBP/USD binary signal - UK Revised GDP - 25 May 2018

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Besides the UK's GDP data, the Federal Reserve Chairman, Jerome Powell will also be speaking later in the day at 13:20 GMT. Powell is expected to speak at a conference in Stockholm. His comments will be closely watched especially if any references are made to the forward guidance and interest rate path.

USD/JPY binary signal - Tokyo Consumer Price Index - 24 May 2018

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Traders would be looking for today's Tokyo CPI report which is scheduled for 23:30 GMT. In the meantime the US Dollar slippage continues and we would expect USDJPY to find support at 109.22 where a short term retracement might take place. Therefore, we expect the currency pair to close higher on the day.

EUR/USD binary signal - ECB Monetary policy meeting - 24 May 2018

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The European Central bank will be releasing the monetary policy meeting minutes from its meeting that was held earlier in May. The report will be released around 11:30 GMT. The ECB had left interest rates unchanged at its last meeting including keeping its QE purchases intact.

GBP/USD binary signal - Inflation report - 22 May 2018

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The inflation report hearings in the UK are scheduled for today at 09:00 GMT. The British pound is trading down since the 2018 pick in April and we are expect the negative trend to continue after the inflation report. The GBPUSD will potentially break the 1.3455 support and close lower on the day.

USD/JPY binary signal - Richmond Fed Manufacturing - 22 May 2018

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Today's binary trading signal is USDJPY, the currency pair stalled the gains as price action hit the resistance level. With the strong rally showing no pullbacks, we expect USDJPY to post a much needed correction. The Richmond Fed manufacturing index report will be released at 14:00 GMT today.

EUR/USD binary signal - Focus on the Eurozone - 21 May 2018

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Today's binary trading signal is EURUSD, the currency pair closed last week with losses, marking five consecutive weeks of declines. However, price action is nearing a multi-year support level which could hold in the first test. We expect to see the EURUSD rebounding off this support level to close higher on the day.

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