DailyFX+ forex trading signals have had a reasonably successful week of trade, but sharp countertrend moves in key currencies clearly hurt the accuracy of our momentum-based trading systems. The sheer unpredictability of recent price action has clearly put our trading signals to the test, and we expect conditions to remain challenging through the foreseeable future. We all the same expect that our momentum and breakout-based currency trading strategies will continue to provide good risk-adjusted forecasts. A sharp drop in volatility expectations tells us that currency markets may slow down through the near term, but we are reminded that market conditions can deteriorate with little warning.
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