Tag: currency meter ninjatrader

Euro oversold in all timeframes on currency strength indicator

Ahead of the German ZEW data this morning, markets are positioning for a move in the euro dollar, with the euro now heavily oversold and the US dollar equally over bought in the faster timeframes. Using the currency strength indicator in multiple timeframes provides a fast and visual picture of currency strength and weakness, with… Read more »

Japanese yen overstretched on currency strength indicator

In the run up to any UK news the British pound is often one of the best currencies to consider early in the London trading session, either to position ahead of the news, or to wait until the data has been released. However, this morning the most compelling currency has been the Japanese Yen which… Read more »

Another great trade on the EUR/AUD

It’s been another great day’s trading on the EUR/AUD, which has continued the bearish tone from yesterday, following the RBA statement and a decision to keep interest rates on hold for the time being. The 60 minute chart has delivered a consistent trend today with the pair moving through the platform of support in the… Read more »

Aussie dollar strengthens as RBA keep rates on hold

The main focus overnight was in Australia with the RBA deciding to hold the current cash rate at 2.25%, with no cut. This decision was against the backdrop of declining commodity prices and a slowdown in China with many expecting the rate to be cut to 2.00%. As a result the Aussie dollar strengthened on… Read more »

NinjaTrader launches forex brokerage

Denver, CO, Tuesday, April 7th, 2015 – NinjaTrader Group, LLC has announced the addition of forex trading to the services available through NinjaTrader Brokerage. Users of the awardwinning NinjaTrader platform can now access the world’s largest and most liquid market directly through a NinjaTrader Brokerage trading account. “We are excited to expand our brokerage services… Read more »

Terrific trend on the EUR/AUD this morning

In this morning’s forex trading session with Anna and David, one of the currency pairs they focused on was the EUR/AUD, which was the strongest performing currency pair in the currency matrix. The 60 minute currency strength indicator confirmed the longer term position, with the euro (the orange line) climbing strongly towards the overbought region… Read more »