More drama in the currency markets

The euro's recent rally corrected its hugely oversold condition. But which way would the market turn next? John C Burford looks at the charts to identify some likely trades.

As a trader, it is my job to try to anticipate the market using the methods that I have found work reliably over time.

But I cannot stress enough that there is no method or trading system on earth that can offer 100% success, or even close to it. Please don't waste your energy looking for one!

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.