Kawasaki Doraemon-ryu Exchange Rate Weather Forecast | 14th Edition February 2021 [Kawasaki Doraemon]
In FX, this series highlights the importance of the time element by Mr. Kawasaki Dollaremon. As a “Forex Weather Forecast,” he will share concrete trading strategies from a statistical approach.
*This article is a reprint and edited version of an article from FX Tactics.com, March 2021. Please note that the market information described in the text may differ from the current market.
Kawasaki Doruemon. After feeling limited in discretionary trading, he sought a systematic trading method that would be as profitable as possible with minimal mental burden. After various simulations, he completed the Guruguru Train.
Blog：Kawasaki Doruemon’s FX Blog
Twitter：https://twitter.com/kawasakidoruemo
YouTube：https://www.youtube.com/user/koutyan0610/featured/
February: Swiss Franc tends to be bought!?
Hello! I’m Kawasaki Doruemon. This time, from past market conditions, we’ll look for February trends and anomalies.
Table ① (shown in the public portion for purchasers) counts the number of monthly candlesticks that are bullish and bearish in February from 2000 onward. It shows that the number of bearish candles for EUR/CHF is 16, and for GBP/CHF it is 14, indicating many bearish candles.
Also, these two currency pairs are both Swiss Franc-related pairs. Looking at other CHF pairs, NZD/CHF and CAD/CHF have 13 bearish candles, and CHF/JPY where the Swiss Franc is the base currency has 12 bullish candles, indicating more moves in the direction of a weaker CHF.
From the above, we can deduce there is a slight tendency or anomaly for CHF strength in February. It would be prudent to focus on the Swiss Franc when considering trades in February.
