Markets are puzzled by the lack of follow through from dollar bulls, especially on the commodity pairs, which are seeing a big divergence from the rest of the majors. Sometimes its better to sit on the sidelines and not participate in this type of action. We havent had a serious trade in almost 2 weeks and just when we want to step in, something out there is telling us to stop and wait. It seems the last few weeks have given us more opportunities during our Live! Trading sessions than the daily setups. The daily setups are warranting stops that are a bit higher than what wed like to see; thats expected during such conditions, but were going to remain patient and wait for the opportune time.
Dont forget, we will be hosting a Live! Trading session today, Tuesday, March 30th, 1400 GMT/900am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.
If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area.