Jump to content

Where To Find 5 Day ATR for FTSE


PhiloBeddoe

Recommended Posts

  • 1 year later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      16,607
    • Total Posts
      79,291
    • Total Members
      65,090
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    richasharma
    Joined 30/11/21 15:44
  • Posts

    • Although currently Omicron looking worrying in Epicenter. Even if it is milder, higher numbers could drive up hospitalizations at similar rate as Delta.
    • Market data to trade on Wednesday: AUD/USD; DAX40; WTI With focus on growth and jobs data, Daniela Sabin Hathorn looks at trade setups around AUD/USD, DAX 40, and EUR/USD. Focus will also be on the oil market as the latest crude oil inventories will give traders further insight into the possible effects of the latest Covid-19 variant on the price of US crude. https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-wednesday--aud-usd--dax40--wti-211130
    • USD TECHNICAL OUTLOOK DXY dipping into trend support dating to June Weekly reversal candle at odds with support How things unfold at support will be determinant US DOLLAR TECHNICAL OUTLOOK: DIP BRINGING TREND SUPPORT INTO PLAY The US Dollar Index (DXY) is weakening a bit after sprinting to its best levels since July 2020. This has the DXY at an interesting spot, with it sitting on a strong slope dating to June. It is also in confluence with a level from last summer, but the focal point is the slope. Last week’s reversal induced a bearish reversal candle that implies momentum could continue lower. With that in mind, testing support following a reversal makes for an interesting test of the DXY’s multi-month uptrend. The general rule of thumb is that support is support until it isn’t, and so for the immediate future as long as support holds then the USD’s outlook is seen as neutral at worst. A hard turn off the line could negate the bearish weekly reversal at some point. However, if we see support break, then further weakness is expected. In the event we see this play out the next significant level to watch is the March 2020 low that was validated in September of last year and this year. The level is right around 94.67. This would make the for deepest retracement since the uptrend began in June and doesn’t necessarily mean the trend is over, but it would be important to see that key level hold if longs are to maintain their appeal. For now, would-be longs may want to use slope support as a line to take an entry from, or wait and see if there is a reversal higher first. This latter approach would perhaps offer up a more appealing set-up with there being a low created on the slope before taking entry. For those currently holding long positions the slope could be used to determine trailing stops. For shorts, the trend is up even if support breaks, but a break of support is seen as likely to usher in more selling. US DOLLAR INDEX (DXY) DAILY CHART DXY Chart by TradingView Resources for Forex Traders Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.   Written by Paul Robinson, Market Analyst, 30th November 2021. DailyFX
×
×
  • Create New...