TV

Video: Breakouts in this Direction After News Events Are High Probability

Tuesday Technical Update of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

With such a busy news week, we’re paying close attention to the calendar.

Today the focus is CAD (with CPI release), and tomorrow it’ll be the USD (Rate & FOMC events). The other headliners are GBP (Rate release) and JPY (BOJ Policy and Press Conference).

As usual, markets tend to range before the big announcements, so no surprise to find it in this mode.

Minor pairs have already made their moves, and indeed, because of the USD-heavy week, they’re a ‘safer’ bet so to speak.

If you’re not seeing quite what you like to see on the chart, it’s likely Thursday and Friday will yield a clearer picture for the charts that are linked to USD – i.e: Gold, Oil, USD/JPY, GBP/USD.

So far, the technical pick in terms of probability – as well as a match with the news – is GBP/USD and USD/JPY.

Let’s repeat what was said on Sunday: Navigate with caution.

In this video we go over these opportunities for the week:

  • GBP/USD
  • EUR/CAD
  • USD/JPY
  • CAD/JPY
  • EUR/NZD
  • EUR/GBP
  • Crude Oil
  • Gold

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Newsletter

Subscribe to ForexPropNews Trading Newsletters

Receive the best-curated content by our editors for the week ahead.

Mini Charts

Related Articles

TV

Video: Here’s the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow

Here's the Trade Plan for EUR Pairs, as ECB Interest Rate is...

TV

Video: Watch These Setups on CAD and JPY Pairs, with Big News Incoming

Watch These Setups on CAD and JPY Pairs, with Big News Incoming

TV

Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)

How To Squeeze More Profits from ONE Trade Setup (Plus: This Week's...

TV

Video: Watch for These Breakouts on Minor Pairs & Dollar Direction Imminent

Watch for These Moves on Minor Pairs & Dollar Direction Imminent