[Trade Signal] – Monday showing signs of…

Monday showing signs of again being a pretty slow start to the week. This has been a common theme for nearly 12 months now and has been one of the longest running day by day themes/trend cycles Ive noticed in all my years of looking at Forex.

That being said the USD rates all seem to be in a quagmire and it might just be worth looking towards some of the more exotic cross rates for some movement and if you are not doing so already then consider different markets to broaden your trading pool.

EURUSD – not unsurprising that we are seeing ranges develop again. A slight downward channel with prices remaining sloppy

EUR-April-07a

GBPUSD – Also starting to look a lot like EURUSD in that its messy and certainly not showing any signs of trending at the moment. simply scroll back on the chart a few months and you will soon see exactly what I mean

GBP-April-07a

YM Futures – The Stock indexes again are providing some of the better movement. This pattern is also in a range but wide enough to consider trading simply punting off the highs over the last several days has provided some amazing results as we have all noted. Now we are looking at a break down and hopefully the start of some more consistent trending movements.

YM-April-07a

GBPJPY – flipping over from longs to shorts very nicely. Im hoping to see some follow through from Fridays sell off.

GJ-April-07a

EURJPY - flipping over from longs to shorts very nicely. Im hoping to see some follow through from Fridays sell off.

EJ-April-07a

 

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