Follow on FaceBook – Twitter – LinkedIn – YouTube and Instagram!!
Forex moves still largely based around the USD but the dynamics may be changing with BOE and ECB set to raise rates!!
Currency action still largely based around the USD which may have run into a resistance/offer zone after the Fed dampened expectations for aggressive rate rises. The ECB and BOE are also set to follow suit and raise rates which will see currency pairs adjust accordingly as the interest rate differentials narrow (difference in yield for each currency)…especially after the US Fed Reserve is now expected raise rates slower than initially thought. USDJPY could be a great trade in the making as there is potential for divergence and a major corrective move lower. I think the long is very extended so bulls will all have to rush to the exit at the same time…and it will get a very crowded exit if the Bank Of Japan finally intervenes. New to the list in the Members Area is GBPAUD and EURAUD.
On Watch – AUDCAD, AUDJPY, AUDUSD, EURAUD, EURUSD, GBPAUD, GBPUSD, USDJPY and the USD Index.
Remember, if you have not signed up for the FREE SUBSCRIPTION…time sign up here now!!
Feel free to email any questions that you may have to firstname.lastname@example.org
Hope you enjoy
PS Take a look at the YouTube Channel Here and remember to subscribe if you have not already!!
Join our DISCORD channel to follow The 5 Min Trading Day strategy and for more great trades while honing your trading with our community of both new and experienced traders!! Simply click https://discord.gg/4WhySawSvm
You can learn more and join our community by visiting https://www.tradethestructure.com and make sure to register for a FREE MEMBER ACCOUNT for great educational material and trade ideas.
Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.