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  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/arE0VMeE3k
  • Coming up at half past the hour. I'll be analysing the charts, looking at the confidence data on the calendar this week and talking about the IG client sentiment numbers. Do join me if you can https://t.co/nm3tP1xRmA
  • Join @MartinSEssex at 5:30 EST/9:30 EST for a webinar on trading sentiment. Register here: https://t.co/CX9djlHnWK https://t.co/NN8iRzbMsl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 77.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/mhS5GPlzBU
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: -0.17% Oil - US Crude: -0.22% Silver: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DrnTBv3TGT
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/F98u380a6a
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.63% 🇦🇺AUD: 0.42% 🇯🇵JPY: 0.15% 🇪🇺EUR: 0.01% 🇨🇭CHF: -0.00% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qb29dNwFFu
  • 🇨🇭 Consumer Confidence (Q3) Actual: 10 Previous: -18 https://www.dailyfx.com/economic-calendar#2021-08-03
  • 🇪🇸 Unemployment Change (JUL) Actual: -197.8K Previous: -166.9K https://www.dailyfx.com/economic-calendar#2021-08-03
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.31% US 500: 0.27% France 40: 0.20% FTSE 100: -0.04% Germany 30: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wOyy3Nhn5u
Video: Trading the US Dollar Breakdown

Video: Trading the US Dollar Breakdown

David Rodriguez, Head of Product

Video summary: Our sentiment-based trading strategies have done well selling the US Dollar as it breaks key lows, here's how we look to position ourselves in the days ahead.

The Momentum2 system remains attractive as it trades the US Dollar breakdown, while the Breakout2 strategy looks less attractive as voltatility falls across the board--particularly in Japanese Yen pairs.

forex_video_us_dollar_bets_attractive_on_key_break_body_StrategyOutlook.png, Video: Trading the US Dollar Breakdown

This afternoon brings the critical US Federal Open Market Committee interest rate decision, while Thursday's European Central Bank interest rate decision and Friday's US Nonfarm Payrolls data round out the week of critical event risk.

We can't predict how markets will react to the FOMC, ECB, and NFPs, and as such we'll continue trading on lower leverage than normal given clear uncertainty in forex markets.

See a promo on FXCMApps.com that provides all 6 DailyFX PLUS Trading Strategies free of charge

forex_video_us_dollar_bets_attractive_on_key_break_body_1a.png, Video: Trading the US Dollar Breakdown

Follow and contact David via Twitter http://www.Twitter.com/DRodriguezFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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