Our Forex Automated Trading Signals have purchased the Australian Dollar against the Japanese Yen using the Momentum 2 strategy. Unfortunately this signals happens to be trading against the downward trend. Do to this counter-trend approach the trade has additional risk than those going with the tide. Indeed the trade is currently down more than 100 pips.
Be sure to monitor any updates on these specific signals at Forex Buy/Sell Signals on DailyFX+, 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.
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