Forex Strategy Video: Using Statistics to Trade USDJPY, S&P 500, GBPUSD
• Statistical or quantitative observations can highlight something we may otherwise miss
• Yet, a seasonality affect or unusually consistent drive is not a complete trade setup
• The more support through technicals, fundamentals and statistics; the better the trade probability
Download the consecutive bar indicator used in today's video for free to measure the historical significance and over-extended level of the markets.
USDJPY posted its first lower daily low in 10 trading days. December is the historically the best month for S&P 500 performance. The German DAX equity index has established its first 7 consecutive week rally since 1998. There are many remarkable statistical developments across the FX and capital markets; but do they offer us with a trading edge? In today's Forex Strategy Video, we discuss how this intriguing quantitative abnormalities can be used in develop a trade opportunity...and when they come up short of offering a strong signal.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.