Strategy Video: EURUSD, AUDUSD, USDJPY - Which Has Short-Term Trade Potential
• Technicals, fundamentals and market conditions are each critical facets to defining trade opportunities
• The proper combination can separate imminent opportunities from superficial technical setups
Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.
Sometimes the best technical picture or high-level event risk fails to generate meaningful trades. A combination of fundamentals, technicals and market conditions filters out higher probability scenarios from setups that are deceptive with only surface level appeal. Using the approach to analyzing each opportunity in yesterday's video, we separate setups showing up on different traders' radars. Reviewing pairs like EURUSD, AUDUSD and USDJPY; we establish high probability and imminent, strong potential but lower probability, and tremendous profile but beset opportunities 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.