This is another article by Yankee Clipper One thing to remember is to read Forex Crunch to make sure that you are getting the right news information regarding all the major currency pairs.
Another pair with the most active days coming up, those being today and tomorrow.
As seen in the graph, the (Blue) Tenkan-Sen has crossed over (from above) the
(Red) Kijun-Sen showing an downward trend. Confirmed by the crossover of the
MACD (with continued separation) at around the same time (not shown on graph).
The Kijun-Sen Base line is following the downward trend of the Tenkan-Sen as they
downward trend, confirmed by the fact the price is below the Kumo cloud and, in fact, moving away and down.
on the rebound. Initial resistance is at the Cloud bottom of 0.8916. We may
fade there if prices are clearly rejected by it.
The most active days are Thurs (23% TM) and Fri (22% TM)
75% of trends occur between 01:00 and 13:00.
55% TM begins between 05:00 and 13:00
-- Mike Griffiths YankeeClipper You can follow other traders to see how they trade on Currensee the social network for traders.
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