Saturday, February 7, 2015

EUR/USD and GBP/USD Forex Trades

The following pair of charts are forex of both the EUR/USD and GBP/USD. You can see that at monthly charts is to help you understand where you are in the really big picture, plus to recognize if the current volatility is unusual compared to previous strong moves. They show a couple of turning points in the past, and also turned on the average true range which helps measure volatility.  As you can see, the ATR has been increasing for the past few months yet isn’t anywhere close to the highs seen a few years ago. While most believe that both pairs will continue their current trend you need to see if they continue to make a long term trade.