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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqi8ZEe https://t.co/XfrcQXJu0Z
  • IFO lowers German 2021 GDP growth forecast to 2.5% from 3.3% - Raises 2022 forecast to 5.1% from 4.3%
  • 🇿🇦 Inflation Rate YoY (AUG) Actual: 4.9% Expected: 4.8% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-09-22
  • 🇹🇼 Unemployment Rate (AUG) Actual: 4.08% Previous: 4.36% https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:🇹🇼 Unemployment Rate (AUG) due at 08:00 GMT (15min) Previous: 4.36% https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:🇿🇦 Inflation Rate YoY (AUG) due at 08:00 GMT (15min) Expected: 4.8% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-09-22
  • Heads Up:💶 ECB Non-Monetary Policy Meeting due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-22
  • ECB's Muller - ECB to discuss raising regular QE when PEPP ends $EUR
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCZ9dzS https://t.co/PcCwPMAcBv
  • 🇨🇭 Current Account (Q2) Actual: CHF 11B Previous: CHF 16B https://www.dailyfx.com/economic-calendar#2021-09-22
Strategy Video: EURUSD, GBPUSD, USDJPY - Path of Least Resistance

Strategy Video: EURUSD, GBPUSD, USDJPY - Path of Least Resistance

John Kicklighter, Chief Strategist

Talking Points:

• All else being equal, markets will choose range over breakout, trend over reversal

• Breakouts and reversals are counter moves that require sparks or motivation to facilitate

• We look at the 'path of least resistance' for EURUSD, GBPUSD, then yen crosses and others

Find help with your trades and trading strategy during the regular Trading Q&A's in DailyFX-Plus or sign up for DailyFX on Demand to find guidance from analysts for 8 hours every trading day.

What is more likely: forging a major breakout or seeing a correction at a range boundary? Markets will follow the path of least resistance - technically and fundamentally - unless there is a catalyst with enough influence to override the status quo. For price action, ranges and established trends are clear indications of the market's next moves. Fundamental preferences are established in dominant themes and known event risk. So what is the path of least resistance for EURUSD, GBPUSD, Yen crosses and the Australian dollar? We discuss the concept and current bearings for many of the major currencies 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.

DISCLOSURES