For the first time, we had no 'tradable' signal in all three sessions, i.e. London opening, New York opening and late hours. (View our trading hours)
We had four 'golden' signals in yesterday's late-hour session. Those signals continued to yield 100 -300 pips overnight as the yen-crosses markets continued to collapse till the start of our first London opening session. Those moves were rare and extreme, but still in line with our day trading analysis.
Here is another useful trend analysis tool which share a resemblance with our approach:
Smart Scan Chart Analysis (by Market Club) also confirmed yen-crosses markets (such as the GBPJPY, AUDJPY, etc.) are currently remaining in the confines of a longer-term downtrend.
To find out more about this tool, simply fill in symbols like EURUSD, GBPUSD, AUDJPY etc. to receive a sample analysis.
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