New technique : Major Currency Strength in A2SR version 8.88

• Option
  
  

  
  

• How to use Major Currency Strength
  
  
  In general, traders will consider choosing the strongest currency
  to be paired with one of the weakest currencies.
  Prices will move better if the currency strength is at least 10% or greater.
  Example :
  Buy GBPCAD and Buy GBPNZD
  or for confirming buy GBPUSD at next Support - based on trade plan last week :
  
  
  * but I am not so sure price will breakout above the level because of political situation in the UK this week
  - still weighed by Brexit.
  
  Sideways (ranging)
  If the currency is in the same strength or a slight difference, then the pair will usually be sideways.
  In the picture above:
  -- we can use EURUSD for scalping or short-term trades within current actual Support and Resistance,
  -- or if you like then you can also use AUDCHF ..  but I don't like this pair :)
  
  Example scalping EURUSD on sideways:
  
  *taken by a student who use MT5 by seeing Major Currency Strength on A2SR MT4.

• More specific uses will be shared for A2SR users.
  Thank you.

• Submit new update
  
  
  

• A2SR version 8.89
  Minor fixes in displaying MCS (Major Currency Strength).
  -- to help in choosing a better currency pair today.
  
  
  

• Major Currency Strength (MCS)
  When is the right time we pay attention to the MCS?
  -- There are usually more convincing movements 1 or 2 hours after the market opens at each session.
  -- To prevent us being late, that's the right time.

• XAUUSD
  Just to remind you where step 3 is good for buy-back Gold :)
  
  
• Reference at:
  https://www.mql5.com/en/blogs/post/722511

• AUDUSD
  
  
  

at the strong breakout line, sometimes can be a resistance, sometimes will breakout the red line.

two choices..

Yes, your opinion is correct.

False break could be happen when break level is still covered by next actual SR.

AUDUSD has resistance above break level at 0.7197
So, position buy after break level would be closed there.

Fyi, breakout and "Strong" breakout is different  :)

• Update
  After the chart moves to the right, then the step 3 position changes here * :
  
  

  * step 3 area is the last defense of gold.

• Who did it?
  a day after the FED hike rate.
  
  
  

• JPY 

I strongly agree with the author at the writing at 
https://www.mql5.com/en/blogs/post/723508 

In fact, even I have planned to sell the Yen against several major currencies 
-- for the carry trade technique. 
-- For example, buy xxxJPY to get a positive swap. 

But I wonder why the Yen still dominates its strength 
against other major currencies that have higher interest rates. 
Are there manipulations on the market? 

Indeed, that is one of the things we must be aware of in our trade plan. 
-- We must give attention more to MCS in A2SR. 
-- Selling CHF for carry trade technique. (Buy xxxCHF on Friday at last price correction on Support) 

This is a Major Currency Streng (MCS) on Friday, Dec.21
-- until the last session's market close:

• Major Currency Strength - MCS
  on price action at actual SR.
  
  -- despite in thin holiday US trade, and 
  -- thin trading conditions.