• There are three elements in market analysis: technicals, fundamentals and market conditions
• While trades can be made on one aspect, the best setups meet all three criteria
• Between EURUSD's tumble, AUDUSD's breakout and GBPUSD's tight range, which offers the best setup?
Sign up for John’s email distribution list, here.
Most traders will place their trades when they see a technical move like AUDUSD's inverse head-and-shoulders break or a fundamental spark like EURUSD's exposure to NFPs and the ECB rate decision. However, in a world of probabilities, meeting only one criteria means taking an uncertain trade. There are three elements to market analysis - technicals, fundamentals and market conditions - and the best trades show agreement and opportunity across all three. It today's Forex Strategy Video, we discuss how to assess trade 'potential' with a comparison between EURUSD, AUDUSD and GBPUSD for next week.
Find out what event risk is on tap for next week with the DailyFX Economic Calendar.