Forex Diary Week ending 12th May 2023
Bull
Decent Yellow JPY by Thursday off a huge move from selling earlier in week + Green USD with a late burst ...
Bear
early Yellow JPY weakness (see bulls) then gave way to solid Sells on blue Euro, then later Red GBP and even Brown CAD at times ...
on the Daily FXPowerscanner (left indicator) we see the best trending pairs in the 28 variations possible for G8 - still dominated by a Bear Euro in top 7 pairs
on the Fix start indicator (right chart) we saw the big movers hitting highs and lows through the week ....
was a decent week if you followed the relative momentum in the market....especially if you anticipated and followed that awesome JPY swing Bull play from wednesday .........3 pairs killed that !
until next week..
N
