Forex Trend Trader Analysis
Forex TrendÂ – In my forex trend trader analysis I look at the following currencies:
Still little movement of interest in the Forex market as price remains range bound and we await break outs.
The currencies analysed in this weeks video gives the general idea of current market conditions. The bias on the whole remain in sync but trend direction does not on the weekly and daily time frame.
We will continue to apply patience and from experience I can tell you that our patience will be handsomely rewarded.
As Dynamic Traders we use larger time frames. The monthly chart is used to determine clear areas of support and resistance using pivot levels, annual high, low and close.
The weekly and daily chart determine the bias using the weekly and daily 200MA and the trend direction using our trend filter.