Learn To Trade Price Action with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
Daily Forex Market Commentary:
The Dow closed up narrowly today following an erratic trading session on Wall Street. Rising commodity prices where enough to close the day in positive territory after a disappointing report on New Home Sales indicated they dropped 11.3 percent in November, the lowest level since March.
Currencies:
The U.S. Dollar rally fizzled today as the latest economic data indicated a slow recovery. A rally in gold, oil, and other commodities help push the dollar lower today.
Pair in focus: EUR/JPY
As our commentary from last Friday pointed out the nicely formed pin bar on the eur/jpy daily chart has paid off into the next relevant horizontal level. Trader’s still holding positions should look to exit as the near-term risk has moved to the upside. Our member’s get in-depth analysis of all relevant price action signals on a daily basis.
For a more in-depth analysis of the Major FX Pairs and Price Action discussion please check out our member’s trading forum.
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