Trade24Fx

Summer provide ideal conditions for intraday trading

FX:EURUSD   Euro / U.S. Dollar
Summer is a period when many investors and traders go on vacation. Accordingly, trading activity is reduced sharply. On the one hand, this leads to a decrease in liquidity and the emergence of the so-called "thin market", where even relatively small volumes can lead to serious changes in asset prices. But on the other hand (and this is a more general practice), the level of volatility is reduced, and the markets strongly gravitate to the range trade. Asset prices prefer to be locked in relatively narrow ranges, which make the intraday trading process extremely attractive. The basis for making trade decisions (in the absence of strong fundamental contradictions) are the signals of oscillators. In addition, we recommend using the signals of the indicator Ranger, which allows you to accurately determine the potential lows and highs of the day.

Talking about the current week, there is every reason to expect a quiet trade until Friday (on data on the US labor market, the explosion of volatility is almost inevitable). By "all reasons" we mean not only the summer period, but also the absence of important fundamental events, as well as macroeconomic statistics until Friday. In addition, on Wednesday the US Independence Day, which will lead to a drop in trading activity during the American session to a minimum.

In total, it seems to us, the current week is extremely favorable for the oscillatory trade within a day. Our recommendation is active trading across the entire range of underlying assets without explicit preferences.
Авторские индикаторы от лучших трейдеров и аналитиков
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