Only one currency was in focus in the London forex session and that was the British pound as politics continues to dominate the news. It was all heavy selling in the session with a full house on the currency matrix, revealing sentiment was universal across the market and in all the pairs. The markets, of course, want a soft Brexit so any hint helps to move the pound higher, before the ‘reaction of reality’ sets in, and it falls once more. Some great trends were seen in this session revealing the power of the currency matrix in combination with the currency strength indicator to highlight the best pairs to trade, with the currency array confirming the strength of the trend and also opportunities for those pairs approaching overbought or oversold states.
Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in ...
Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, commodities and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks, commodities or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results.
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