If you can’t get the idea of trading forex succesfully during these market movements, I guess it would be back to the drawing-board.

Here’s some nice clean charts – EUR/USD 1-hour, from yesterday and the day before. Overall, you’d probably describe confidence in either currency as weak, with each successive news event setting off a trend one way or the other. The market is undecided, but these are relatively large swings in terms of pips – a sign of the volatile times.

All the indicators are doing what they’re supposed to:-
Here’s MACD (moving average convergence/divergence) – a trend-following momentum indicator.

And here’s Average True Range, basically market ‘volatility’.

Worth some examination in understanding the behavior of indicators. All the data is there, so backtest your system, and backtest yourself.

Easy to day-trade off these charts – swing trading over the longer term, that’s quite another matter…

2 Responses to “Currency Dealing by Indicators”

1. Cambo says:

   February 11, 2009 at 2:56 pm

   Dont often get trends as clearcut as this. My charts look all over

   Reply
2. Hasry says:

   February 14, 2009 at 11:06 am

   I would always trade when timing is right but looking at current market movements, I would need to look up for more chart indicators before buy or sell…

   Reply