Currency Trading Strategies Offer Opportunities Through Challenging Market Conditions

Our DailyFX+ Forex Trading Signals have had a decidedly mixed week of trade, as rather unpredictable market conditions have made it difficult to properly time trade entries. Our momentum-based trading strategies were initially well-positioned to take advantage of the US Dollar and Japanese Yen breakouts, but rapid retracements clearly hurt the viability of those trades.

We are now stuck in the difficult position of deciding between historically attractive Momentum and Breakout trades and the arguably more timely Range trades. Needless to say, we will have to keep a close eye on market conditions as the week wears on; we will update our strategy outlook report as conditions warrant.