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Forex Diary for the week ending 17th Dec 2021

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



average week for volatility .....


BULLS

good week for quite a few currencies....


Red GBP ....massive push to +100 pips by Thursday

Green USD was useful at +70 by Wednesday

Orange AUD did ok as well getting to +70 Thursday


BEARS

Brown CAD Dominated the selling to -140s by Wednesday.....then came South again Friday


Trades of the week ?


Sell Sell Sell CAD in pairs to wednesday - 1 way street

the Fading USD and JPY currencies offered some great trades into Thursday

Friday saw the return of the Bear CAD for trades


Strengthmeters give me a tremendous insight into the FX market, but very few Forex Traders use them in their Trading..... a real shame as you need every edge possible to make consistent money !


The many Free indicators I offer at my website (FXCorrelator.com) are the tip of the Iceberg in what I now use to make money....but they are a great introduction to relative strength trading !


N


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