Usage of the “Visualization Indicator” (Part 52)
Utilization of the "Visualization Indicator" (part52)
1. Further develop the "28 Currency Pair List Indicator" into an indicator
"8CPVisualization Indicator"to drawAUDUSD.
The "8CPVisualization Indicator" comes in Oceanian,Oceania version,London version,NewYork version,AnyCP version. This time, the Oceanian version was used.
The upper half is theAUDUSD 15-minute chart. The blue arrows in the upper half indicate the alert positions of the "28 Currency Pair List Indicator." The lower half is the "8CPVisualization Indicator." The light blue thick line chart corresponds toAUDUSD.
AUDUSD is on19 day(Tue at10:30 () suddenly surged upward. A possible reason is the Minutes of the July Monetary Policy Meeting released by the Reserve Bank of Australia (RBA, the central bank).The Q2 quarter's Australian inflation index (CPI) is scheduled to be announced onJuly 27 (), and this may cause further movement inAUDUSD.
If you entered long AUDUSD on Tuesday, the profit would be about90PIPS.
2. Best SelectUsing the Indicator
The figure below is a snapshot taken onJuly22, 2022, at 17:54.
Totalvalues are sorted in descending order.
The numbers’ colors are varied and not cohesive; there is no clear trend.
A program is set to automatically take screenshots and save them as files when conditions are met, but no conditions were met this week.
3. What happened to EURJPY, tracked since last year5月?
Since May,, we have been tracking EURJPY.
To see the overall trend, a 30-minute chart showing about the last3 weeks is drawn.
Previously I wrote the following:
After forming a head-and-shoulders pattern, it moved upward.
Considering future yen weakness, the lower bound will be heavy.
I will also check currency strength.
The daily chart of the "8C Currency Strength Visualization Indicator" is shown.
As before,USD remains the strongest currency, andJPY remains the weakest. In terms of direction,AUD,NZD,CHF,CAD are upward,JPY,GBP,USD,EUR are downward. When comparing and, the decline of is stronger, so from a currency- strength perspective, is expected to move downward.
From this, is expected to trend slightly downward.
If you are interested in the "8C Currency Strength Visualization Indicator," please refer to the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
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