EURAUD

  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    EURAUD PROFIT

    Trade entry taken based on price hovering near the support line. The trade was closed based on the Ichimoku resistance…

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  • The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

    EURAUD LOSS

    After cycling through all the pairs, #EURAUD was indicating divergence in the 5 min chart. The outlook for EUR and…

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