How to identify currency pairs that move significantly on the weekly (week) timeframe
There is a problem that you must clearly designate where to invest funds when engaging in investments and FX.
For example, even if you invest a large amount of funds in a certain currency pair, if there is hardly any price movement, you cannot aim for exchange gains, and if movement is possible, it might occur three years later, meaning your funds will be idle for three years. You will be losing time that won’t come back.
“Which currency pair will move significantly this week?”
“Will that currency pair go up, or will it go down?”
If you can read this to some extent, you can achieve a quite efficient FX investment, and since a big move tends to occur in one direction for several days, there is a high possibility that leaving the position as is will still turn positive to some extent. Naturally, being able to discern the direction of up or down is important, and this time I would like to introduce a method to identify currency pairs that are highly likely to move significantly.
Using a weekly chart to determine direction and gauge trends is the most important task when engaging in FX.