entering a Sell position on the EUR/USD will most likely be recommended in the Top 5 pairs graph post work from home jobs freelance on the right. If you enjoy this tool please give it a 5 star! If you want to see ALL of our tips, tricks, and training on exactly how we trade with the Forex Power Indicator tool please go here and get our exact strategy. Fortrader, suite 11, Second Floor, Sound Vision House, Francis Rachel Str. ( 31 votes, average:.32 out of 5 loading).
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The actual graphs show the direction and relative strength of each currency in the recommended pair. We also have training for. The Forex Power Indicator is designed to help forex traders save time and boost profits by instantly identifying current trends and potential trade opportunities. Similarly, if the EUR bar is at level -4.5, then it means the Euro has moved down a weighted-average.5 pips against the other 7 major currencies. We also have training for the ADX Indicator. For instance, if youre looking at the 15-minute chart and the USD bar is at level 5 on the Forex Power chart, it means it has moved a weighted-average of 5 pips against the other 7 major currencies. Average True Range Indicator. The numbers on the Y-axis of each chart represent average pips movement. Victoria Victoria, Mahe, Seychelles. The graph on the left shows the current strength or weakness of each of the 8 main currencies based on the detailed assessment formula we have developed. Just click the required timeframe at the top of the Indicator either Monthly, Weekly, Daily, 4-hour, 1-hour, or 15 minute and youll instantly receive two updated graphs that form the basis of this tool.
Used the right way, it will save you a lot of time and should work as a great addition to your current trade assessment processes. The identified pair, and whether its a potential buy or sell, is indicated along the bottom of the graph. It identifies the relative strength of the major currencies based on monthly, weekly, daily, 4-hour, 1-hour, and 15-minute time frames. These relative currency strengths are then used to identify the Top 5 currency pairs that are showing the highest potential for trade. However, it is valuable as a way of identifying currency movements and determining potential trades for further analysis.