Top 5 for the day 3) NZDCHF
Hello traders!
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Third pair for today is NZD/CHF. It seems to have restested a small retracement highs and it could well go down to restest the lows from a recent down trend even if the trend doesnt continue downwards.
* Description and meaning of all my indicator numbers are given below.
My indicators show the strength consistency of NZD 0.9642 and CHF as 0.9154
The current avg. volatility of the pair is 90
The current volume % is 28%.
Expected target for today is 0.6336
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Third pair for today is NZD/CHF. It seems to have restested a small retracement highs and it could well go down to restest the lows from a recent down trend even if the trend doesnt continue downwards.
* Description and meaning of all my indicator numbers are given below.
My indicators show the strength consistency of NZD 0.9642 and CHF as 0.9154
The current avg. volatility of the pair is 90
The current volume % is 28%.
Expected target for today is 0.6336
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.