More generically speaking, I have made more over the past 10 years as bank and hedge fund trader reacting to market dynamics and hopping onto trends, no matter how short-lived some of them were, than trying to predict and anticipate moves. We all know that in the market in its current environment could not care less about any support and resistance levels, what analysts believe or have to say, what GS says or does, and for that matter what anyone believes. Until I started up my own shop focusing purely on systematic, higher frequency currency strategies, I had access to any and all tier1/tier2 research portals, got the strategist/sell-side sales morning calls and to be honest I have never felt it added any value at all. Even my own views turned out to be more correct than what I came across from others in aggregate. But even that would not have had me survive too long. I resorted to react to market dynamics even if that meant that I got stopped out 5-10 times at or around entry levels before I was able to capture larger moves simply because I was always initially aligned with the prevailing trends.

I am venturing to say that standing right here right now, I attach pretty much a 50/50 chance to any major currency pair to either go up or down, right now one either has to have insider knowledge of flows or one is better advised to just sit on one’s hands and wait for the next story/move to unfold. Just my 2 cents.