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:
- Snap-back to EMAs and upper range, and
- 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.