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Talking Points:
• Trend reversals look a lot like temporary corrections in their opening stage
• Lasting market turns rarely happen as 'V'-bottoms or tops so it is important to weigh probabilities
• We discuss using technicals fundamentals and market conditions to gauge trends on SPX USD EUR and JPY
Want to develop a more in-depth knowledge on the market and strategies Check out the DailyFX Trading Guides we have produced on a range of topics.
One of the most common questions coming from traders analysts and the media is whether we have seen a genuine trend reversal or simply a temporary correction. Which asset market theme does this refer to Risk trends the S&P 500 EURUSD Yen crosses the Dollar and numerous others are being faced with this dilemma. Determining whether we have a temporary retreat or lasting turn dramatically alters the way we approach and trade the markets. So in the weekend Strategy Video; we discuss the process of trend reversals along with ways to assess probability though technical fundamental and market condition analysis.
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