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Portfolioselection

London Session Forex Market Analysis: USD Strength Leads the wayHi Traders, Here’s a quick market analysis for the London session. We’ve observed some notable movements in the currency pairs under review. As a quick recap from our weekly trade planning session (Portfolio Selection): Strong currencies: USD remains the leader, followed by JPY, CAD, CHF, and AUD. Weak currencies: EUR, NZD, and GBP. The USD's bullish momentum is clearly dominating across the board, providing opportunities to target selling the weaker currencies against the USD. Remember to approach the markets with a clear plan and stick to your trading plan. Happy Trading!
by Charts247TradingAcademy
Forex Portfolio Selection Using Currency Strength Index (CSI)Hello Traders, Today, I’ll share my portfolio selection approach in forex trading. This method helps identify the best forex pairs to trade based on their relative strength. The simplest and most effective strategy is to use the Currency Strength Index (CSI), combining the H4, Daily (D1), and Weekly (W1) cumulative strength. By analyzing this data, we can identify the strongest and weakest currencies at any given time. Once we have this information, the next step is to pair the strongest currencies with the weakest. Here are today’s portfolio selections: BUY Pairs: GBPUSD, GBPCAD, GBPNZD SELL Pairs: USDJPY, CADJPY, NZDJPY, USDCHF, CADCHF, NZDCHF The key benefits of this portfolio selection process are: A focused view on the most profitable currency pairs An objective approach to trading decisions Clear direction on which way to trade (buy or sell) Like, comment by letting me know what you think and follow me for more trading education. Happy trading!
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by Charts247TradingAcademy