Forex Strategy Outlook: Breakout Strategies Attractive on Jump in Volatility
Forex Strategy Outlook: Breakout Strategies Attractive on Jump in Volatility
Forex market volatility expectations jumped considerably through last week’s late S&P 500 reversal, pointing to strong price moves in the days ahead. Of course, the past several weeks have seen considerable choppiness in volatility expectations themselves—thus we hesitate to call for continued breakouts with great conviction.
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Your Source for Daily FOREX Market News and Analysis
Forex market volatility expectations jumped considerably through last week’s late S&P 500 reversal, pointing to strong price moves in the days ahead.
Read more on Daily FX
Your Source for Daily FOREX Market News and Analysis
Price action producing some mixed signals at current levels and difficult to establish clear directional bias. On the one hand, we have seen a 2 day close above the 100-Day SMA with the market very well bid over the past several weeks to suggest that more significant upside is to be expected
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