SmithJhonson

1. GBP/USD under pressure amid USD strength, Brexit concerns.
   
2. UK political woes and covid concerns also weigh on the cable.
   
3. Data-light calendar keeps DXY price action in focus.
   

The selling pressure around GBP/USD remains unabated, as the bears seek a test of the 1.3800 level amid resurfacing Brexit concerns and persistent US dollar’s strength.

 

The greenback continues to draw bids alongside the Treasury yields amid expectations of an earlier tapering by the Fed, in light of Friday’s stronger than expected US Nonfarm Payrolls (NFP) data.

 

The US economy seems to be closing in on the Fed’s ‘substantial progress’ benchmark, calling for monetary policy normalization sooner than previously thought. Adding to the hawkish bets, Fed officials Rosengren and Bostic also back early taper.

 

On the other side of the Atlantic, Brexit concerns have returned to the table amid the migrant crisis. The former Brexit Party leader Nigel Farage slammed France and the EU for failing to “lift a finger” to prevent the dangerous cross-channel migrant crisis.

 

Meanwhile, the UK political worries over PM Boris Johnson looking to demote Finance Minister Rishi Sunak also adds to the weight on the pound.

 

Looking forward, the US dollar price action and Brexit updates will continue to influence the pair amid a data-light calendar. Focus this week remains on the UK Preliminary Q2 GDP and US CPI data.

The quality of your forex trading signals will make or break your profitability. Since there is really not much skill involved in applying these signals, the only variable in the equation is forex signal service selection.

 

You should always go through this short checklist before you make your move in this regard.

• Time Zone – Before you start, take a look at the time zone of the provider. You want your trading signals to trickle in while you are awake. They are of not much use otherwise. If there is no other way to learn this bit of essential information, sign up for a free account.
  
• Free Trial – Sign up for a free taste/trial period. This will clue you in on the quality of the service, without requiring you to pay “tuition” in the form of losses incurred on bad signals.
  
• Compare – Don’t get stuck with the first service you like. Continue looking and compare the FX signal services that you feel suit your trading style. In the end, pick out the best one.
  
• Track Record – Take a good look at the track record of your forex signal provider. This should tell you everything you need to know about the setup performance-wise. Only track records verified by a 3rd party should be considered. One such verification service is MyFxBook.com.
  
• Full Analysis – Go for the total package. Low-effort signal providers, such as those only giving you the entry price and the SL/TP, should be ignored. You need to know why your signal is supposed to work. To that end, you need your FX signal provider to give you charts and proper market analysis as well.
  
• Focus On You – Make sure the style of the signals fits your trading needs. Besides the two mentioned basic types, Forex signals run a wide range of styles. There are short- and long-term signals, signals focused on intraday breakouts, etc. Profitability should always be your top priority. You will however find it easier and more enjoyable to use signals that fit your personal style.
  
• Extras – If possible, choose a signal provider that offers additional services. These services can be educational or social trading-oriented. Provided you are dealing with quality trading signals, such perks can add a great deal of value to the setup.
  

Best Forex Signals Provider 2021: Usa Forex Signal

ETH/USD is recovering from the prior day's profit-takings. The technical pullback found bids at $2,503 as fresh support builds around this region. The rising RSI is yet to confirm overbought conditions past 70 while the bullish mood remains intact as long as ETH’s price is above the demand zone near $1,720 from the daily chart.

 

If today closes in the green, Ethereum will mark its 12th consecutive day winning streak. Consolidation may run its course briefly as short-term bulls rebuild their stakes. Those armed with patience may wait for a clean break above the peak at $2,700. Potential bullish formation patterns could further enhance trend optimism while the crossover of the MA 50 and 200 awaits completion.

The rise of the BTCD index could be a sign of the start of another bull run as Bitcoin price attempts to hold on to $38,000. Bitcoin’s price has been rallying in tandem with altcoins, sending mentions of the markets flipping back to a bullish supercycle for Bitcoin (BTC). The flagship cryptocurrency went through the resistance levels of $42,000 for the first time since May 19, hitting a peak of $42,541 on July 31.

I have started trading for the last few months back say 8 months. When I was a beginner, I committed many mistakes and blew my account even once. Then I joined some free signal groups and believe me they are real scammers. Please don't follow them at all.

 

I got some books and learned little fundamentals of the market. I trade for one month but could not book much profit. then I joined a paid signal provider but as they promised they will double my money and blah blah... They were also fake promisers.

 

2 months back I joined another signal provider named Forex Signals Es which promised me 1200 pips, though I got 1000 pips bcoz of my work and all I am satisfied with their transparency and services. I had continued this time also. The only thing is they are more active in the London sessions. But they are reliable.

 

Forex is a vast subject to learn and a great roller coaster for fun. I think everyone should try fx once in life.

 

Thanks

I think you should try Instaforex, HotForex, FBS, or Oanda.

Forex trading signals are a suggestion for entering a trade on a currency pair, usually at a specific price and time. Trading signals are generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service.