I look at concept of relative strength between currencies over a duration and how traders can overlay forex pairs to pick the winning trade. This is an example that supplements what I have written about this topic 4 weeks ago.
A look short term trends, YTD performance of USD against currency majors. Includes which currency pairs to look at should status quo continue.
Spikes reveal effective price levels market participants look at as well as maximum power of bulls, bears. We look at spikes in EURAUD, GBPNZD and AUDNZD.
Tflow® forex strategy is a proprietary trading method by TerraSeeds Market Technician. We demonstrate its features in this EURAUD chart.
When price nears these 52-week highs, lows, expect price action to show: 1) plenty of volatility 2) failed breaks 3) reversal chart patterns