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.
Second pair for today is EUR/USD .
* Description and meaning of all my indicator numbers are given below.
EUR strength consistency 0.8958
USD strength consistency 1.2484
Expected daily targe
Switching point 1.1201
Invalidation point 1.1152
Avg : 120
% : 37.8%
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
% : It is the % movement of the pair on the current day with reference to the Avg. .
Expected target is calculated based on the Avg and currency %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L
Along with the signals from my indicators, there is strength in EUR across the board and this could well translate into deeper upward retracement. This trade suggestion is a continuation from yesterday and we could well see the moves happen today.