USD FX index is shit rn so i expect EUR to grow long long
I strongly believe that the previous distribution zone (USD11480+) doesn't work properly no more. We now pulled back towards a new accumulation zone (USD11436+) just to test new highs again.
I tried to use the least amount of indicators as possible. Please be critical of my analysis as that helps form a clearer picture. Peace.
Its Turkey time do you have to trade every day every week when we aren't moving? Nope you don't .. CME_MINI:ES1!
Lots to learn from this chart. Notice how I am using the RSI----> Top side trend line breaks. I am using the 14 period on the RSI. Normally I would use the 26 for this time frame. But 14 worked well here. I will compare to the 26 period here in a minute Only listen to MACD zero line crossings and signal crosses very close to the zero line Wondering if the...
I do not like the charts for less than 2 hours. But in a 15-minute TF I observed the following pattern to draw their conclusions. In the RSI I drew two lines generating a range between 58.7371 and 29.3487 with an average (dotted line) of 43.6458. When it is in a trend bull moves leaning on the average of 43.6458, when this bear, the opposite. When it breaks the...
The AUDNZD pair keeps moving in horizontal ranges while advancing higher within a channel. It looks like another leg up may be in the making. First, probably toward the resistance around the 0.8 level. The AUD is still relatively strong (on the verge of being neutral though), while the NZD is the weakest currency of all the majors.