Discussion of article "Patterns available when trading currency baskets. Part III"
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
New article Patterns available when trading currency baskets. Part III has been published:
This is the final article devoted to the patterns that occur when trading currency pair baskets. It considers combined trend-following indicators and application of standard graphical constructions.
We should remember that the basket currency index chart is a price chart. Let's try to determine whether the main trader tools (support and resistance levels, channels and Fibo levels) are able to work with it. Also, there are a number of articles stating the ability to apply such tools to the indicator charts. Let's try to apply them, too. To do this, we will place two combined indicators of USD and EUR basket currency index (index.zip) and perform some standard arrangements:
Author: Andrei Novichkov