June 26, 2015Daily Analysis

6/26 Analysis: Ideal Conditions on NY Open

Today at the NY open we actually had very favorable market conditions already existing and don’t have to place pending orders or wait for the market to change.

The USD is the strongest currency (blue line up top) with a steep line to the far right indicating current momentum to the upside.

The AUD is clearly the weakest currency and getting weaker with a steep line to the far right indicating current momentum to the downside.

  • AUD/USD SELL

As you can see, from the point of entry this moved down 27 pips before pulling back.

Watch the video analysis here:

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.