Our forex trading signals saw mixed performance through the past seven days of trading, as our Momentum-based strategies continued to outperform while Breakout and Range signals were comparatively disappointing.

The US dollar and Japanese yen failed to make successful breaks higher as a sudden shift in risk appetite led the Dow up 6.5% during the last hour of trading. Will US, UK, German GDP revisions impact the forex markets next week?

The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder of the trading session as risk aversion continues to drive price action in the forex market.

EURUSD - Euro Forecast to Decline Further Against US Dollar on Forex Positioning USDJPY - Japanese Yen Likely to Continue Higher Through Short-Term Trading USDCHF - US Dollar/Swiss Franc Positioning Forecasts Further Strength GBPUSD - British Pound Forecast Unclear Against US Dollar USDCAD - Canadian Dollar Forecast to Fall Further versus US Dollar

Our Automated Forex Trading Signals sold the Pound against the U.S. Dollar and the Euro against the Swiss Franc. Both trades used the Momentum2 strategies. As one may notice from the signals below, there is a conflict between each of the Momentum systems.

Our Forex Trading Signals performed well as of late, catching major moves in the US dollar with impressive accuracy through recent trading. Market conditions have been incredibly difficult to forecast, however, as unpredictable explosions in market volatility have disrupted otherwise range-bound price action in major currency pairs.