//Week 47 Forex Signals: Currency Strength and Weakness

Week 47 Forex Signals: Currency Strength and Weakness

Last week our 3 trade signal recommendations produced a staggering +688 pips !

And that’s based on nothing more than a simple “Buy/Sell at market and hold” strategy…

In addition we had another 3 signals that between them produced another + 526 pips !

This Week Our Analysis Suggests:

Strongest 3 Currencies*

Weakest 3 Currencies*

s1  JPY

s2  EUR

s3  GBP

w1  NZD

w2  AUD

w3  CAD

*As at 22.00 Hrs BST on Sunday 19th November 2017

HOW TO USE:

Try cross-referencing the above 6 currencies: i.e take the strongest and the weakest and open the corresponding chart. So for example, if USD is the strongest (S1) and JPY is the Weakest (W1), open the USD/JPY chart on the daily timeframe and see if price action agrees.

You don’t have to stick to the No1 crosses either: There are 9 potential currency crosses here, so maybe pair the 2nd strongest (S2) with the 3rd weakest (W3) and see what the chart throws up.

Week 46 (last week) review

NZD / USD Short

A straight up +110 pips from the weeks open to close. (Feel free to compare charts, See the whole of last weeks post HERE)

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

Forex Trader Training With Charles Clifton Forex Trader | Technical Analysis | #TradingHUB #Forex #Trading | www.TradingHUB.co.uk
GBP / AUD Long

Another very healthy = 217 pips from the weeks open to close. (Feel free to compare charts, See the whole of last weeks post HERE)

This is the power of our Strength / Weakness analysis; it brings about an awareness of specific chart action that otherwise may remain hidden in amongst the noise of the market.

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

EUR / AUD Long

It had to give, and it did ! Our best performer of the week giving us a stonking + 361 pips ! (Feel free to compare charts, See the whole of last weeks post HERE)

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

THIS WEEK’S CHOICES, CHARTS, OPINIONS, CAVEATS & MORE…

NZD / JPY Short (Strong 1 Vs Weak 1)

This signal landed on Tuesday 14th Nov and has produced + 205 pips. We’re aware of the falling channel support and even more so of the 75.90 support below that, but as usual we’ll be guided by our Strength Weakness analysis for our exits, holding this position until we see a good reason not to

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

AUD / JPY Short (Strong 1 Vs Weak 2)

A midweek signal generated on Wednesday 15th.

Following a minor hesitation at 88.65 support this pair took a dive straight through it, taking out a 4 1/2 month bull trend line with it. Most traders would baulk at holding a position through such support, we however simply trade with the market. Return to date: + 184 pips.

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

NZD / CHF Long (Strong 1 Vs Weak 2)

Another Tuesday 15th Signal.

I don’t personally like trading the CHF (being an ex-Alpari UK client…) so in and out, take the money at 0.6720 and run. Returned + 137 pips.

Forex Signals Currency Strength and Weakness | Charles Clifton Forex Trader : Coach : Signal Service | www.TradingHUB.co.uk

© Charles Clifton/TradingHUB 2017 – All rights reserved

SOURCE:

All Strength / Weakness analysis and corresponding charts come straight from the desk of Charles Clifton, a fulltime Retail Forex Trader, Coach, Trading Floor owner and TradingHUB CEO. Drop me a line HERE if you want to know more.

WANT MORE ?

We are soon to be releasing our S/W Signals daily on a subscription basis – unfortunately not something we can offer for free due to the time it takes to analyse 28 pairs, collate the results, edit & post them to our website and email 3,500+ members – you get the drift –  So let us know if you would be interested in receiving our S/W Calls by emailing us HERE

DISCLAIMER:

Nothing on this site should be viewed as trading advice or an inducement to trade. All trading carries a high level of risk to your capital. Please ensure that you fully understand the risks involved before you trade. Read more here.

© TradingHUB 2017 – All rights reserved

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2017-11-20T14:21:33+00:00