Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 22nd of April.
After Last Week's Fall, The Markets Take A Breather
The DOW continues to remain positive, while the NASDAQ and the S&P 500 are in a neutral state at the moment. Our Trade Triangles have signaled that if you are an intermediate-term trader, you should be on the sidelines for both of these markets.
Today's short video is a follow-up to the video that I published on July 10th for this particular cross rate. MarketClub's "Trade Triangle" technology alerted our members of a sell signal today (7/21) and I wanted to share it with you. The video is short, to the point and shows what I expect will happen to the dollar vis-a-vis the yen in the next several weeks.
It has been sometime since we last looked at the relationship between the US dollar (USD) and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
We're also using MarketClub's Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today's video.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
I have to admit, I love trading Forex. It’s one of the most exciting and most profitable markets in the world.
In today’s short educational trading video on the dollar/yen (usd/jpy), I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the future.