1Forex Weekly Analysis – 24th – 29th April 2019
Watch my video on this week’s analysis on youtube:
This week has 3 different trading oppotunities. COT-Data has been strong on EUR and JPY. I am also looking at different periods for the COT-Index. This gives a more sound overview on trading pairs.
As a confirmation for the COT-Analysis I use the Random-Walk-Index which is known to be a very good signal for a trend. Whenever the RWI is above 0 there are great Opportunities ahead for a trade to find the long direction. If RWI is below 0 there will be a decline.
As all trend-following-indicators: If the market is about to move sideways we will not win. So find different possibilities to enter the market safely.
Find the best trading examples here: