Strength weakness across pairs confirming?

If currencies are agreeing across the board your odds of success improve. Here gbp and eur move at the same time against jpy, see the red lines at 5.35 and 8.25. Jpy is obviously then weak against multiple pairs.

You can have a similar position with say gbp being strong (or weak) against multiple pairs.

Some general trading rules of thumb

Nothing works 100% of the time but these are some good general guidelines. Don't believe a word I say check it out for yourself. None of this is rocket science and good to have in the back of your mind:

- If London open fails to move in a certain direction then a move in the opposite direction has a high probability of success.

Not suggesting you jump on everything but consider when your trade rules agree. Here London open failed to move higher and when the low of the immediate range (yesterdays high) was tested 1.8410 there was a nice move lower.

- A break and retest of a range has a high probability of success. See the arrow up.

- If London open has had a quick 50-70 pip move (depending on the pair) that will most likely be it for a couple of hours.

- If the London morning session is quiet then the US session is likely to be good, after all a pair has to get to its ADR.