Prabhu.Ram
Long

Top 5 of the day 4) AUD/JPY

FX:AUDJPY   Australian Dollar/Japanese Yen
21 0 1
Hello traders!

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.
Fourth pair for today is AUD/JPY             .

* Description and meaning of all my indicator numbers are given below.

AUD strength consistency 1.0601
JPY strength consistency 1.4416

Expected daily target
1 95.79
2 96.01
3 96.24

Switching point 95.5605
Invalidation point 95.30

Avg volatility 89
Volume % 48
The pair is chosen on our list for the day mainly because of the strength in AUD and this trade could well be the support system for other pairs because of the simplicity in its appearance.
There is a uptrend channel which could provide the breathing space for this trade to finish.


*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
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