Individual currency strength indexes had more in the way of definitive trends today with good divergence in all currency pairs, bar the EUR/AUD. Fundamentals also played their part and we had the annoying 7am high volatility UK data that mainly excluded our trade at that time. However the mainly positive news went to bolster all our Dom long GBP pairs.
The only casualty today was the Dom short EUR/AUD which was immediately lifted by favourable German and EU block data. As per usual, the Dax started to rise way before the positive data release at 10am and continued upwards before some profit taking just before the US open.
Today we saw a very respectable maximum potential of 795 from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 79 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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