EURUSD volatility dropping so traders should be short term long and short

Dave Poxon The Index Strategist

Last week I pointed out that the ALGO trend models for trend systems were about to turn positive offering opportunities for traders to buy into trends and reap decent gains. The reverse is now happening. Below are the charts of our EURUSD short term trend following systems and they are now crossing below the med and longer algo trends. this occurs because the price behaviour begins to chop with less direction. In this environment, it is better for traders to look for long and short trades with short term duration.

Author

Dave Poxon

The Index Strategist

During the past 25 years, I have worked at some of the largest investment firms in Canada including BMO Nesbitt Burns, Canaccord Genuity, Refco Futures Canada, performing quantitative research and trading.

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