and statuses. Without a proper historical database and charting application, there is little possibility of effectively gauging from past ratios the extreme levels that price has turned around upon, and thus what levels constitute the extremes that can be used for an effective contrarian strategy. This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from oanda. For illustration purposes, I have placed the red vertical line on Jan 9, 2012, at 9:00 PST, just after the eurusd had retreated from its bullish correction back into the dominant downward trend. Cons of Source: Though twice a day is far more frequent than the weekly SSI report, it is not updated as frequently as Dukascopy (every 30 minutes) or Oanada (every 20 minutes). Please refer to the.
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See More Read more Do you prefer to #trade with the trend, or against it? There is no handy archive of previous week's reports, and there is no track record of the success or failure of the SSI's signals. Global regulation, range OF markets, trade over 100 instruments, including currency pairs, indices, commodities, bonds and metals, most Popular Forex Commodities Indices Bonds Metals. To block, delete or manage cookies, please visit aboutcookies. Learn more, correlation Table, compare how currency pairs have moved relative to each other. Losses can exceed investment. At this point one might have wondered if the downward trend would continue from Dec 11 or hit a strong support once again at the -3 level.