Currency volumes are unusually low at the moment, possibly due to market movers being away from their offices and/or the US inauguration tomorrow. ICS Balances were good in some pairs and not so good in others. The decent ones were the GBP/JPY and the GBP/USD to a certain degree with fair points available in all.
The ICS Balance conflict continues within the Dom short EUR/AUD and I issued a warning against this pair as being ‘borderline.’ The strengthening euro also kept a lid on overall gains in the German Dax.
Tuesday saw another reasonable maximum potential of 455 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 45 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.