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Strategy Video: Measuring Conviction in S&P 500, USDollar, EURUSD

Strategy Video: Measuring Conviction in S&P 500, USDollar, EURUSD

John Kicklighter, Chief Strategist

Talking Points:

• 'Conviction' determines whether trends accelerate, hold, stall or reverse

• There are a number of ways to measure the market's commitment to move: volume, open interest, etc

• We look to gauge conviction for established moves behind the S&P 500, high-yield, USD, EURUSD and USDJPY

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Conviction tells us whether a market will charge ahead with an existing trend or at imminent risk of stall or reversal. Yet, some do not separate current price action from commitment or struggle with its implementation. In today's Strategy Video, we discuss why we should establish the market's dedication to a developing move and how it can define our trading approach. We also look at a number of ways to measure this degree of sentiment using the S&P 500, USDollar, high-yield and Emerging Market assets, EURUSD and USDJPY as examples.

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

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