Friday, 25 September 2009

Forex Trading Signals Likely to Outperform On Strong US Dollar Moves

Forex Trading Signals Likely to Outperform On Strong US Dollar Moves

Forex trading conditions continue to point to breakouts in the US dollar and other major currencies, and we forecast that Breakout and Momentum trades will continue to outperform through the week ahead. New algorithmic Currency trading signals from DailyFX+ are well-positioned to take advantage of these moves, as our systems trading desk provides timely trade ideas for specific market conditions. Given challenging currency market outlook, we would underweight range trading market strategies and concentrate on higher-reward trending and breakout currency trades.





Preferred Forex Trading Strategies
The recent spike in volatility leaves our current bias leaning towards Breakout trades, and we will take advantage of “Breakout” signals from our new DailyFX+ Currency Trading page. In terms of DailyFX Analyst reports, we continue to favor Speculative Sentiment Index-based trades, while Jamie Saettele’s “Picking Tops and Bottoms” report likewise continues to perform respectably. We would underweight DailyFX+ “Range” signals, while similarly placing caution on any trade ideas from the DailyFX “Pairs to Range Trade” report.
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