Forex Strategy Video: Turning Analysis into a Strategy
• While there are many types of useful analysis we can perform, translating it to a trade is critical
• With a big picture fundamental and technical view, we use levels and event risk as triggers
• Market conditions tell us the capacity for follow through and far a trade can play out
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We have discussed changing fundamental tides, multivariate correlations and technical cues for larger trend development amongst other things. Yet, analysis is valuable only if it can be used to place trades. How do we take concept for a big-picture view to a signal to enter the market? We look to distinguish some of the thematic from the actionable to place a trade with specific reference to EURUSD, AUDUSD and USDJPY in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.