CURRENCY STRENGTH OVERVIEW TODAY
Coronavirus is impacting Markets! As Australian Dollar is strongly correlated with China we see AUD drops in all timeframes. Currency strength don't lie!
USD and CHF can work as save havens.
Market movement in gives many opportunity for scalpers today.
So let's move on to our in-depth currency strength analysis.
Weak currencies are AUD and NZD.
Strong currencies are CHF.
Find the right trading opportunities day by day!
WE COMBINE and BUY STRONG <<<>>> SELL WEAK
It could be paired to
BUY: ---
SELL: AUDCHF
Make attention to the picture below. Check currencies and timeframes.
Yet be aware of any near demand zone. Take what you can.
Watch out for overbought/oversold currencies: none yet, (yellow color and currency strength over 100). Currencies have still room to go.
How to read the dashboard:
Currency strength for all timeframes (M1 until Monthly): green/red background: 3 timeframes agree for strength and weakness.
Bold numbers yellow and pink: attention currency for a timeframe is overbought/oversold.
TREND: overall trend rating.
The proven Trading Strategy for Currency Strength "BUY STRONG <<<>>> SELL WEAK" is used. Check out:
28pairs currency strength with impulse trading system
Have questions?
Send me an email on bernhardfxcontact@gmail.com and get the full info.
All the best and happy trading
