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Multi Time Frame Analysis

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Old 04-01-10, 10:35 AM
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Join Date: Mar 2010
Posts: 10
Default Multi Time Frame Analysis

Multi time frame analysis is one of the best tool to trade forex. The bigger the time frame provide more reliable signal plus clear trend for the currency.
I am using weekly for my

This method plus

1. Parallel and inverse analysis of the currency pair
2. Support and reisitance level

should be a good technique for the forex trading.

Below some example for parallel and inverse analysis

First example:

If the EUR/USD is rising
and the USD/CHF is falling

then the USD weakness is controlling and "driving" the movement of both pairs, the USD is weak.

Second example:

If the EUR/USD is rising
and the USD/CHF is also rising

then the USD is not controlling the movement. The EUR is strength is causing the EUR/USD to move higher and the CHF weakness is causing the USD/CHF to rise
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