Let’s get started…
- Forex trends return in style
- Analysis of the Forex trends (VIDEO)
- Economic indicators
- Educational material
Forex trends return in style
In today’s analysis of the Forex market, what caught my attention, was the follow-through continuation in risk appetite dynamics. To the point that the market is starting to morph into an environment that makes for some ideal conditions to trend trading. As I show in today’s video analysis, there is a growing number of markets, where the 4-hour and the daily time frames exhibit a clear congruence in the direction.
Granted, volatility has recently been shot to pieces, but it is undeniable that we are finally starting to see well-defined directional movements when cross-checking risk-off associated currencies (USD, JPY, CHF) against the risk-on type such as the AUD, NZD, CAD. One can also include into the mix the British Pound, even if the currency has its own idiosyncratic drivers to determine the ebbs and flows going forward.
Analysis of the forex trends
In my video analysis below I use concepts such as momentum, market structures or order flow to come up with the daily outlook in the currency market.
Economic indicators & events
Important footnotes
Market structure
Markets evolve in cycles followed by a period of distribution and/or accumulation. To understand the principles applied in the assessment of market structures, refer to this video. Fractal breakouts is at the epicentre to assist us in the analysis of chart structures.
Market momentum
In order to assess the market momentum of a particular asset, I’ve promoted the idea of using what I call the smart money tracker. The settings and the indicator can be accessed via our Discord room, where traders from all walks of life interact frequently. In this video, I go through the layout and all elements of the Discord room in great detail.
Projection targets
The usefulness of the 100% projection resides in the symmetry and harmonic relationships of market cycles. By drawing a 100% projection, you can anticipate the area in the chart where some type of pause and potential reversals in price is likely to occur, due to 1. The side in control of the cycle takes profits 2. Counter-trend positions are added by contrarian players 3. These are price points where limit orders are set by market-makers. You can find out more by reading the tutorial on The Magical 100% Fibonacci Projection.
