Monthly Top-Down Analysis: Forex and Futures Trend Scans By, Gabriel Grammatidis

Sit in on two higher-timeframe analyses as Gabriel Grammatidis examines recent Futures and Forex market action in the following videos.

Monthly Futures Trend Scan (June 2022):

The USD Index (DX) is at a critical level that may deliver a pattern failure signal leading to a sudden strength in the USD. For confirmation, I recommend waiting for the quarterly bar close end of June. The picture of other asset classes is quite diverse and a bit confusing still. While US equities might drop 20%, crude oil could break to new highs, making a stop-run move. Interest rates are likely for a snap-back to average.

Monthly Forex Top-Down Analysis (June 2022):

Forex market developments are in line with the overall major currency shifts. The JPY with all main FX pairs continued to lose value. In a bit of a surprise, we saw the USD gaining strength, meeting with a long-term support level.

We have two alternatives for the EURUSD now:

  1. Snap-back to EMAs and upper range, and
  2. Break of resistance level and running for the 1.0000 par level expecting a definite break lower.

What have you been trading lately?

Futures represent one of the most effective vehicles you can find trading the markets.

This fall, you can join Gabriel at his Futures Trading Systems and Futures Live Trading Workshops and begin your journey to mastery. Dates posted. Registration open!

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