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.)