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Currency strenght index

Hi guys,
there is trading tool I like – it is currency strength index – here you can compare power of currencies in a selected time. So you can find the post appreciating and even the weakest currency and follow the trend. Or use it anyway you like J But be careful about chosen time period. Better not try to follow few minutes trend for a position trading.
At the picture you may see that € is weakening and $ is growing strong. So what would you do?
Thank you
Romana
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stane2405 avatar

i bought euros

H0nza avatar
H0nza 1 Nov

I´d better sell. But depends on trading technique.

stane2405 avatar

this is why it is moving, hehe

christiangoni avatar

I like it, where did you find it?

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Trade opportunity EUR/TRY

Hello traders,
there is a nice uptrend in the long term market, but the past is showing us where to go short, am I right?
On the picture I spotted highs and lows and I assume finishing new high and new local downtrend way bigger than 2 000 points !!! Any idea for a good entry signal? I´ll suggest multiple entry around price 2.84 but be careful with weight of positions. Do not risk too much.
Romana
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H0nza 17 Ott

Seems like pretty good idea. Your previous trading advice is now about + 500 and the most important - nearly without risk ! So believe this one will be even more valuable ;-)

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H0nza 17 Ott

That was reason for my like for sure! I think I won´t hesitate for much higher price and enter sooner... Possible gain seems well with good RRR.

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EURAUD analyse

Hi guys,now I am analyzing pair EURAUD and we are at interesting situation... There was just slightly higer high than previous, and we are about tu touch the trend line. I am about to go short if the trendline won´t hold. I think, that there should be good ideas why to do so... Any suggestions? If you don´t see a chart please click for more. Romana
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H0nza 3 Set

Seems it is not just a beauty contest. It is possible to get some good tips. Thumbs up! EURAUD made about 100 pips from time you posted, and it is not weak move for such a time for sure. Anyway I am in, who´s next?

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H0nza 3 Set

Hey, GREAT advice ! over + 140 PIPS now, more than yesterdays range ! that´s INCREDIBLE more tips needed :)

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