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Video: Tuesday Market Update – Slow Markets. Be Patient for This to Form First…

Mid-Week Technical Analysis update of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

NFP week analysis

We touched on the Dollar Bullishness bias at the start of the week, and that’s what we’re still waiting on, to ride the continuation move.

It’s still early in the week, we haven’t yet had any big moves, so wisdom says to sit in our hands in these conditions – particularly with NFP release on Friday. Clear price action needs to be printed on the higher timeframes (4-hour and Daily), before the markets take a clear ‘set’.

Patience is needed.

If trading intra-day or choosing to enter anything at all, the Minor FX pairs would be the safer bet in this sort of lower probability week.

In this video we go over what the market is showing for the days ahead in our shortlist of charts for this week:

  • EUR/USD – currently stalling
  • USD/JPY – the first mover so far out of the whole list… Looking for the continued trend
  • USD/CAD – currently ranging
  • USD/SGD – no clear price action
  • EUR/NZD – no clear price action yet
  • EUR/GBP – still waiting for market to reach zones and react
  • SP500 – no shift in price; waiting for market to make its move
  • Crude Oil – awaiting confirmation move

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

Contact and follow Dima on Twitter: @dimafpn

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