Strategy Video: Markets Push Closer to Broad and Heavy Trends
• FX and capital markets are coming closer to trading indecision and range for momentum and trend
• Technical cues are important, but lasting trends require the influence of an fundamental change
Strategies differe for these different market types and we have coded the DailyFX-Plus strategies for Breakout, Range and Momentum.
Though we have seen a benchmark like equity markets, yen crosses and EURUSD gradually move their way higher over the past months, there has been a lack of conviction to these drives. Despite the eventual direction, momentum has been absent and correction has been just as prevalent as progress. Heading into the weekend with a jump in volatility and more uniform movement across the spectrum, traders are attuned to the growing potential of more serious drive taking root. We discuss the needs of a prominent trend (a dominant theme like risk trends or rate forecasts) and the best trade options (yen crosses, equities, dollar-based majors) should they take in the weekend Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.