TV

Video: Markets Have Changed Direction after News – Watch for This Next…

Thursday Analysis update of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

Ongoing trends in the markets can change after a major news release. The biases we had at the beginning of the week have played out and new significant turning points are developing, in sync with the CPI release from the USA.

Dollar: it looks likely that we’ve now bottomed out and there’s a resumption in the much higher timeframe uptrend.

That means the indices are reaching their top.

And also, therefore, it’s more likely now that EUR/USD and Gold have topped. It’s not necessarily a reason to Sell them immediately, but you begin to plan your scenarios.

On the Minor pairs, the higher probability is to wait for the market to resume its higher timeframe bias. That means waiting for Daily or even the Weekly candle closes.

Same with JPY pairs. Once reaching initial target levels, which we have done today, generally it’s wiser to wait for the market to give you another chance, at a better price, rather than try to find another entry point. On the whole the JPY remains weak until the significant marked-out Invalidation Points have been hit.

More details and specific price points are in the video.

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

  • EUR/USD
  • Gold
  • EUR/JPY
  • CHF/JPY
  • EUR/GBP
  • SP500
  • NZD/CAD

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

Contact and follow Dima on Twitter: @dimafpn

(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the associated risk.)

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Your email address will not be published.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

Featured educational content

EXPLORE MORE

Featured educational content

New to Forex? Learn to Read Charts Like a Pro

Dive into forex trading basics: chart reading, candlesticks, technical indicators, timeframes, currency pairs. Start your journey to trading success today!

Video: How I Re-Programmed My Mind to be a Consistent Trader (Thanks to The Wolf of Wall Street)

How I Re-Programmed My Mind to be a Killer Trader (Thanks to The Wolf of Wall Street)

Video: This Invisible Trading Indicator Tells you What Day Trade (Not Just Price)

This Invisible Trading Indicator Tells you WHEN to Trade (Not Just Where)

Technical Analysis: Chart Patterns and Indicators for Profitable Investments

Navigate stocks with confidence using chart patterns like Head and Shoulders, indicators such as MACD, and tools like trendlines. Master technical analysis for...

Latest News

US Economic Resilience Boosts Dollar: Unemployment Claims Surprise Markets
Market News

US Economic Resilience Boosts Dollar: Unemployment Claims Surprise Markets

US unemployment claims fall below forecasts, indicating labor market resilience; robust data strengthens the dollar and impacts global currencies and commodities.

Market Focus: Analyzing Gold, EUR/USD, and USD/JPY Trends
Market News

Market Focus: Analyzing Gold, EUR/USD, and USD/JPY Trends

Gold dropped, EUR/USD declined, and USD/JPY rose, prompting scrutiny of technical indicators for future trends.

Copyright © 2023 Forex Prop News. All Rights Reserved.