I will be introducing a new system of trading on this page from now on. I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results. Second pair for today is EUR/USD.
* Description and meaning of all my indicator numbers are given below.
EUR strength consistency 0.8958
USD strength consistency 1.2484
Expected daily targe 1 1.1241 2 1.1271 3 1.1302
Switching point 1.1201 Invalidation point 1.1152
Avg Volatility : 120 Volume % : 37.8%
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency. Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair. Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility. Expected target is calculated based on the Avg volatility and currency volume %. Switching point is the suggested entry price for optimum coverage Invalidation point is the suggested S/L
Along with the signals from my indicators, there is strength in EUR across the board and this could well translate into deeper upward retracement. This trade suggestion is a continuation from yesterday and we could well see the moves happen today.