October 15, 2015Daily Analysis

10/15 Analysis: Massive Momentum, Massive Move

Massive Momentum, Massive Move

Several minutes into the London session, we see this pattern emerge. The JPY (yellow line) spikes way up (almost vertical) which signifies huge momentum currently in the market.

On the downside, the EUR (pink line) has been the weakest for quite some time and is now spiking down indicating momentum there as well.

  • EUR/JPY SELL

Even in a worst case scenario, if you would have entered at the bottom of the price bar that corresponds to the big spike on the JPY, the pair quickly went straight down over 80 pips from there.

This is what happens when you can see massive momentum happening real time in the market using our Currency Strength Indicator.

You can watch the entire video analysis below:

[00:00 – 05:15]

[slide] [8 charted horizontal currency lines on black]
Hello, I’m James Edward from CompleteCurrencyTrader.com. Welcome to today’s Currency Strength Analysis training video where we’re looking at two trading sessions from the London morning session today. And this is what the indicator looked like at the London Market Open. And you can see, if you do your initial analysis looking for strong currencies, there .

London Market Open from earlier today.

So, if you do your initial analysis,
(pink) Euro (EUR)
(yellow) Japanese Yen (JPY)
(lilac) New Zealand Dollar (NZD)
(orange) Australian Dollar (AUD)
x

[slide] [further right on same lower 1/2 horizontally charted currency lines on black]
(continues) … x

[slide] [B&W vertical line NZDCHF.MS]
(continues) … x

[slide] [B&W vertical line AUDCHF.MS]
(continues) … x.

[slide] [B&W vertical line EURNZD.MS]
x

[slide] [B&W vertical line EURAUD.MS]
x,–

[slide] [initial lower 1/2 horizontal 8 currency lines]
(continues) … x.
[end]

(5:15)

You can see that our Currency Strength Indicator is an effective tool for picking out the highest probability, lowest risk trade set ups while avoiding market conditions that aren’t favorable. If you keep using this tool every day along with our daily Forex analysis, you will increase your win rate and be on your way to becoming a profitable trader long term.

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James Edward
James Edward has been a successful Forex hedge fund manager & educator for over a decade. He founded Complete Currency Trader, a London based firm that has consistently trained individuals to become professional and profitable traders long term using the individual currency strength analysis methodology. CCT is an elite Forex educational firm and has a reputation second to none with over 90 positive reviews and an overall 4.538 out of 5 rating on the third party verification site Forex Peace Army. James’s affable personality, expert knowledge, notoriety for getting results, and steadfast dedication to his clients, has secured his position as one of the most trustworthy, liked, and in demand authorities in the industry.