fxcorrelator

Nov 27, 20211 min

Forex Diary for week ending 26th Nov 2021

My fix start indicator on chart is available here for £15 donation to charity

https://www.justgiving.com/fundraising/fxcorrelator


 
BULLS

good week for Yellow JPY and grey CHF - both hit +150 pips on friday ...big play

Blue Euro and Green USD both had decent weeks to +100s

BEARS

Bad week for Turquoise NZD ....despite hiking int rates to 0.75% ......no gratitude !

Yellow Yen , Brown Cad , even Red GBP all got bear at times ....sub 100 pips though

Trades of the week ?

Yen started bear and then swung some 230 pips north from Tuesday to Friday ....awesome opportunity to sell most currencies into it from tuesday late ......

NZD was a sell from Wednesdays asian session .......all the way to late Friday

USD was a steady buy all week until friday ....so decent early trades selling JPY GBP and NZD

Strengthmeters have given me a tremendous insight into the FX market for the last 21 years ....no magic boxes / no circus tricks or Gimmicks ....very few Forex Traders use Relative strength in Their Trading .....maybe its time to try them ?


 

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