Strategy Video: A Bigger Picture Look at EURUSD, GBPUSD and Others
• Multiple time frame analysis aims to better identify market opportunities and better entry points
• As volatility picks up and traders' focus intensifies, we look at some of majors' bigger picture
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When market activity increases - as it has these past few weeks - the tendency is for traders to intensify their focus and zoom in on short-term developments. However, it is precisely when underlying conditions shift that we should look at the bigger picture to better appreciate the opportunities before us. That may be a large technical pattern that can't be appreciated on a hourly chart, a correlation missed on a daily chart or even a fundamental theme that can only be seen over an extended period. In today's Strategy Video, we look at the higher time frames for EURUSD, GBPUSD, AUDUSD, USDJPY, VIX and more.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.