fter performing a quick scan of the markets using the Trend/Wave/Extreme under the 4 Hour timeframe we can see that the USD continues to be strong trending against all its counter-currencies. Also in most of the case the wave is also pointing USD strength and also overbought conditions. A sign of USD dominance which also means it may be to late to jump to a trade. Nevertheless there is still USDCAD and GBPUSD which have not yet reached USD overbought conditions that could be pottential trades.
http://www.theforexcabin.com/wp-cont...x-20140812.png Read about the Trend/Wave/Extreme system here
http://www.theforexcabin.com/wp-cont...x-20140812.png Read about the Trend/Wave/Extreme system here