TV

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

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Your email address will not be published.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