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. But as one should know, Momentum2 is a medium-termed strategy while the other is a longer-termed one. Nonetheless, the Sterling trade appears to be trending with the broader downward price action. The EURCHF trade may be insinuating a trend reversal as current price action appears to offer no clear direction.
See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.