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
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