Reversal opportunities on the daily currency strength indicator on MT5

We don’t always have to focus on the faster time frames for forex trading, and here we take a look at the daily timeframe for the currency strength indicator on MT5. As we can see, the commodity currencies are heavily oversold and the risk currencies of the yen and the Swiss franc are equally overbought. So after the turmoil of the last few days and weeks, some great reversal trading opportunities in prospect on the much slower timeframes.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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