Utilization of the "Visualization Indicator" (Part 28)
Usage of the "Visualization Indicator" (part28)
1. Further develop the "28 Currency Pair List Indicator" into an indicator
"8 CP Visualization Indicator" for EURJPY. plotting
The "8 CP Visualization Indicator" includesOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon version.
The upper half is theEURJPY 15-minute chart.
The upward blue arrows indicate the alert positions of the "28 Currency Pair List Indicator".
The lower half shows the "8 CP Visualization Indicator". The pink bold line graph corresponds toEURJPY
Both the "28 Currency Pair List Indicator" buy entry points and the "8 CP Visualization Indicator" buy entry points appear at almost the same positions. Approximately110PIPS of profit was obtained.
2. Best Select Try the indicator
On February 4, we displayed CFDs with theAny Symbol Best Select indicator.
Total values are sorted. The highest positive value isWTIUSD (crude oil), and the most negative value isDAXEUR (Germany's stock index). Moreover, from[M5] to[D1], to[Total], both light blue and red lights indicate that the strongest trend is in progress. If buying, chooseWTIUSDWTIUSD; if selling, chooseDAXEUR.
Now, let's look at each chart.
The top figure is theWTIUSD 15-minute chart.
The position of the arrows indicates the indicator display location. It is an ideal point within an uptrend to buy and secure profits there.
The top figure is theDAXEUR 15-minute chart.
The red arrows indicate the indicator display position. This was also in the middle of a downtrend, where selling would have reliably yielded profits.
3. How did EURJPY move since last year5 month?
Since 2021 year5 month, we have been tracking the movement of EURJPY.
To view the overall trend, we draw roughly 3 weeks of the last30 minutes chart for the most recent3 weeks.
Last time, we wrote as follows.
The resistance is heavy on the upside. There is still room to fall toward the daily chart support line, so the decline may continue a little further.
2月3日に260PIPS also jumped up. This was due to theECB policy rate announcement and key speeches. Still, the magnitude of the rise was large.
4. 2月3日の abrupt fluctuation Detailed analysis
Using the8CP Visualization IndicatorAnyCP, we performed an analysis of the2月3日’s abrupt fluctuation.
The diagram below is a 5-minute chart of seven currency pairs: EURJPY,EURUSD,EURCHF,EURGBP,EURAUD,EURNZD,EURCAD.
Red arrows indicateECB policy rate announcement location. EUR-based currency pairs moved significantly.
Ranked by the magnitude of impact, the order is:EURJPY,EURUSD,EURCAD,EURCHF,EURGBP,EURAUD,EURNZD.
If the "8 CP Visualization Indicator" AnyCP is displayed, you could have taken a long EURJPY position 40 minutes before the policy rate announcement.
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