ForexSpirit

The explosive and volatile nature of the markets at the moment was clearly in evidence today. The DJIA fell just over 300 points before staging a full throttled recovery during lunch to end day up over 550 points, with the majority of the day’s 6% gains occurring in the final trading hour.

The impact of this wild equity swing on the currencies is most evident in today’s EUR/JPY chart, where a 700 pip move unfolded.

Trade 1
Short EUR/USD
Entry: 1.2506
Exit: 1.2496
Pips: +10

Trade 2
Short EUR/JPY
Entry: 119.98
Exit: 119.88
Pips: +10

Trade 3
Short GBP/USD
Entry: 1.4981
Exit: 1.4971
Pips: +10

Trade 4
Short EUR/JPY
Entry: 120.709
Exit: 120.66
Pips: +4.9

Trade 5
Short GBP/USD
Entry: 1.4795
Exit: 1.4785
Pips: +10

Trade 6
Short EUR/USD
Entry: 1.2500
Exit: 1.2490
Pips: +10

Trade 7
Short EUR/JPY
Entry: 120.25
Exit: 120.15
Pips: +10

Trade 8
Short EUR/USD
Entry: 1.2702
Exit: 1.2690
Pips: +12

Trade 9
Short EUR/USD
Entry: 1.2748
Exit: 1.2738
Pips: +10

Total daily pips: +86.9