Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Strategy Video: How to Trade a Dollar Break that May Lack for Momentum

Strategy Video: How to Trade a Dollar Break that May Lack for Momentum

John Kicklighter,

Talking Points:

• Having come to a make-or-break technical pattern, the Dollar followed its larger bull trend

• Yet, the subsequent EURUSD, GBPUSD and AUDUSD bearish moves still lack for momentum

• How can we establish positions when we are not fully confident in the market's circumstances?

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!

The Dollar essentially ran out of room on a narrowing range. What has resulted from this 'terminal' pattern was a technical breakout. However, even if we have cleared congestion and the move fits the medium-term trend, momentum is conspicuously absent. The nature of the market better suits a quickly paced and short-lived trade approach. Is this simply a market development that is better foregone? At what point does the opportunity look suitable enough to trade? We talk about confidence levels and position sizing with a mind to the Dollar's recent nudge higher in today's Strategy Video.

Sign up for John’s email distribution list, here.

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