Technical Outlook: Breakouts & Fakeouts

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There was an uneasy calm across FX markets today.

 

Most G10 currencies struggled for direction as investors braced for another eventful week.

 

As the tumbleweed blew across the trading arena, we decided to identify some potential breakout opportunities in the week ahead. 

What is a breakout?

 

When the price of an asset moves above a resistance level or below a support level. Breakouts are important because they signal the start of a potential trend in the direction of the breach.

 

What is a fakeout?

 

A false break… Read More:

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