This week I’ll be doing a macro analysis across a number of different sectors.
We will be looking at currencies, indices, and commodities to understand what the different sectors are doing right now.
Market Outlook Across The Financial Markets:
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
Thanks for the video, I am still looking to go short on EU pair.In my opinion it is getting ready for potential move down again. Also the price is in entry region.
Yes if your trading plan says do it, then just execute it.
Manage your risk and let the market decide the outcome.
best of luck!
Hi Rayner, what’s the variable you use in the chart for your moving averages?
Hi Wen Ren,
I use the 20 & 50 EMA for my moving average.
What is the difference between applying EMA vs SMA on
EMA is more responsive compared to SMA because of the mathematical calculation behind it.
I use 20 & 50 EMA consistently throughout the products i trade simply because it suits me.
I don’t think there’s any magical number to use for moving average. Rather it is how you use it and fits with your trading plan that matters.
Hope that helps!
Hi Rayner.. do you use other strategy when the market is ranging?
No i don’t trade range markets. I simply stay out of them.
Hi rayner thanks for the reply.. i have limited access to other markets.. is there any way to trade ranging market which you prefer ?
I can’t really comment much on that because i don’t trade range markets at all.
I’m a trend follower and my specialty lies in trading trends.
May I know which platform are you using to draw the charts above ?
I’m currently using MT4. You can google the charting platform, it’s free.