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Video: Even More Trend Opportunities on Dollar, EUR/GBP & Other Minor Pairs

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

Click on the video to watch the full breakdown

FOMC and Rate announcements have delivered their expected moves across the Dollar pairs.

The overall, higher timeframe trend has held strong. USD-based pairs have produced the end of retracement phases and reversed, continuing on the Bullish Dollar bias that we’ve held all week (and last week).

Now is the next opportunity to capitalise on the trend. Because it’s your friend (as they say) and it’s still (likely) not the end…

GBP has also re-confirmed its weakness with the Rate announcement just released and you may by now be making the most of it if you’ve followed along. If not, watch for today and tomorrow for the next continuation scenarios…

Same thing with the Minors. All are unfolding.

Like was mentioned earlier, the longer you wait, the more patience you have to allow the price action to unfold, the clearer it gets. So if you’ve managed to do that and pass on Monday’s and Tuesday’s candles, you should now be in good stead.

The highlighted technical pick (in terms of probability) for the week were GBP/USD and USD/JPY.

Reminder: JPY news tomorrow in Asia session will be one to watch for, and unusually, there’s further news throughout the day. Regardless, the higher timeframe bias is king.

  • 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

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