Today again, with ease at an advantage, currency selection ♪ Ozzy is the strongest.
Hello. This is FX358.
This year, since the beginning, it’s been a period of sharp declines and quite noisy, hasn’t it?
Starting today, I’d like to introduce a trading approach that uses currency strength as a key advantage.
To be honest, I have had experience as a dealer, so I often give lectures about currency exchange, and I have taught analysis and methods to over 1,000 people in total.
From that experience, when I asked myself, “What method is easy for anyone to understand?” the answer that came out was currency dominance.
Choose the currencies with an edge, and quickly take profits.
I’m hoping to introduce a trading approach like that.
Now, let’s look at the market situation on January 4.
It might be a bit hard to see, but the yellow line is the Australian dollar.
The upper part shows strength against the yen. The middle part is strength against the dollar, and the lower part is strength against the euro.
In all cases, the yellow line is at the top, so in this market, the Aussie is the strongest for the day.
Therefore, we are in a situation where we want to long AUD/USD.
We entered long after the line broke, around 3:00 PM, and we are still holding.
This currency strength indicator is available for free, so please feel free to use it.
This year, since the beginning, it’s been a period of sharp declines and quite noisy, hasn’t it?
Starting today, I’d like to introduce a trading approach that uses currency strength as a key advantage.
To be honest, I have had experience as a dealer, so I often give lectures about currency exchange, and I have taught analysis and methods to over 1,000 people in total.
From that experience, when I asked myself, “What method is easy for anyone to understand?” the answer that came out was currency dominance.
Choose the currencies with an edge, and quickly take profits.
I’m hoping to introduce a trading approach like that.
Now, let’s look at the market situation on January 4.
It might be a bit hard to see, but the yellow line is the Australian dollar.
The upper part shows strength against the yen. The middle part is strength against the dollar, and the lower part is strength against the euro.
In all cases, the yellow line is at the top, so in this market, the Aussie is the strongest for the day.
Therefore, we are in a situation where we want to long AUD/USD.
We entered long after the line broke, around 3:00 PM, and we are still holding.
This currency strength indicator is available for free, so please feel free to use it.
× ![]()
