Welcome Traders!

If the ultimate goal of a trader is to potentially increase their earnings by engaging in the financial markets, then surely they must be delighted when any market begins trending in a healthy fashion!

Trends are born, grow and mature in every market, and it has been said that the instrument we trade doesn’t so much matter as it’s current condition- in other words, stay away from choppy or stormy charts.

I’m taking a cursory glance across all of our asset classes to see what’s trending- why don’t you explore this with me?

This list included looking at:

  1. Covered in yesterday’s Daily Picks article, the UK’s FTSE100 Daily is still going strong.
  1. CADJPY Daily, most likely helped by the general JPY weakening has a good healthy uptrend.
  1. CHFJPY’s 4-hour timeframe is also enjoying solid gains.
  1. GBPJPY Daily has recently broken up through a resistance level and appears to be taking off!
  1. And finally, USDJPY itself, but on the 4-hour timeframe continues to seek new highs.

There are times when many markets are moving, and there are times when it’s only a few. It seems like today, it’s restricted to only Forex, at least until the U.S. session kicks off.

Happy Trading!

Adam Harris

FXGlobe Ambassador Adam Harris is based in London, UK. He’s been trading professionally since 2013 and his specialties are technical and trend-based trading.

Trading Advice Disclaimer:
Our Ambassador’s Daily Picks are not trading advice. These are informational articles covering the events which happened in the market already & scheduled events which are scheduled to happen in the Economic & Earnings Calendar.

General Risk Warning:
Trading leveraged products such as Forex and CFDs carries a high level of risk thus may not be appropriate and/or suitable for all investors. The investment value can both increase and/or decrease and the investors may lose all their invested capital. The content of this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Under no circumstances shall the Company or affiliated Companies have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to leveraged products.