28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

Maximizing Trading Success with Currency Strength Indicators.
Understanding currency strength is vital for traders aiming to make informed decisions and enhance their strategies. Our latest insights reveal the importance of using currency strength indicators, which analyze multiple currency pairs to identify the strongest and weakest currencies. This helps traders spot market trends, diversify portfolios, and make strategic trading decisions.

Check out the full article for detailed explanations, user experiences, and practical tips on integrating these indicators into your trading routine.
Read more and join the discussion. Here are important resources that traders should focus on to improve their trading strategies:
https://www.currencystrength28.com/p...trading-system

Best regards, Bernhard

I appreciate your feedback! I'm happy to know the indicator helps with accurate trading decisions. Thanks for the support!



(A link to the indicators can be found in post 1 and on my website.)

Best regards, Bernhard
https://www.CurrencyStrength28.com

Australian Dollar and Japanese Yen Trends.

How are recent economic indicators shaping the trajectories of the Australian Dollar and Japanese Yen in global markets?

The AUD encountered pressure from contracting manufacturing, while the JPY remains resilient with improved business confidence. Speculations of Japanese intervention further impact the JPY against major currencies.



Best regards, Bernhard
https://www.CurrencyStrength28.com

New Version 1.5 released.
My Trades in Pips FREE.
https://www.mql5.com/en/market/product/20152

Strong markets today.

JPY strong, CAD weak = sell CADJPY

Many pairs in reversal mode.


Don't short into demand zone. Wait until it breaks or trade the pullback.

The CADJPY pair is currently in a bearish trend on higher timeframes. In the chart, we observe a second test of the demand zone, with additional zones situated below. It might be prudent to wait for a break below these demand zones before entering a short position. Alternatively, scalpers could consider trading the pullbacks within these zones.

Strongest TREND of the day EURAUD.

Nice downtrend NZDJPY

We continue with setups using the 2 dashboards.
Showing here one setup I wouldn't take a trade.

Analysis of the NZDCHF Chart
In the given charts for NZDCHF, several key observations and analysis points can be made:
1. **Overall Trend**: The NZDCHF pair is showing a consistent downward trend on the higher timeframe (H4), indicating a bearish market sentiment.
2. **Demand Zones**: The price is currently testing several demand zones. These zones are potential areas where buying interest might emerge, potentially halting or reversing the downward movement.
3. **Supply and Demand Dashboard Pro**:
- The dashboard indicates various support levels across multiple timeframes (M1, M5, M15, etc.).
- The presence of demand zones in higher timeframes (H4, D1, MN) suggests caution for taking short positions as these zones might provide strong support.
4. **Currency Strength and Speed Dashboard**:
- The last signal indicates a short setup for NZDCHF on H4.
- While the daily strength suggests a bearish outlook, lower timeframes show mixed momentum, implying that the downward move might not be strong enough or could be losing steam.

Trade Setup and Recommendation
Based on the analysis:
- **Avoid Short Trades**: Given the proximity to significant demand zones on daily and monthly charts, taking new short positions might not be advisable until these zones are decisively broken.
- **Monitor for Reversal**: Watch for potential reversal signals or bullish patterns in the demand zones, which could offer long opportunities if supported by a shift in momentum.
- **Confirmation Needed**: For short setups, wait for a break below the current demand zones with strong momentum indicated on lower timeframes.

Conclusion
The setup for NZDCHF suggests caution. While the overall trend is bearish, the proximity to strong demand zones requires a wait-and-see approach. Monitoring for clear breakouts or reversal signals will be crucial for making informed trading decisions.

Bitcoin Analysis and Trade Setup:

**Chart Overview:**
- **Timeframes:** Weekly (W1) and Daily (D1)
- **Indicators:** Supply and Demand Dashboard PRO
- **Alerts:** BTCUSD D1 Supply-Zone (untested) entered at 69688.94, nested within W1 zone

**Analysis:**
- **Supply Zone:** The alert indicates Bitcoin has entered a daily supply zone at 69688.94, which is nested within a larger weekly supply zone.
- **Potential Resistance:** Expect potential resistance and selling pressure at this level.
- **Market Reaction:** Watch for bearish signals or price rejection in this zone for potential short setups.

**Trade Setup:**
- **Short Entry:** Consider short positions if bearish confirmation appears within the supply zone.
- **Stop Loss:** Above the weekly supply zone (~70300 or higher).
- **Targets:** Potential targets at lower supply zone, such as 64100 or next demand zone at 57700.

**Strategy:**
- Monitor price action closely within the supply zone.
- Use lower timeframes to fine-tune entry and exit points.
- Keep an eye on fundamental news that may impact Bitcoin's price.

[quote=Bernhard;14946071]Bitcoin Analysis and Trade Setup: **Chart Overview:** - - **Short Entry:** Consider short positions if bearish confirmation appears within the supply zone. - **Stop Loss:** Above the weekly supply zone (~70300 or higher). - **Targets:** Potential targets at lower supply zone, such as 64100 or next demand zone at 57700.

TP1 reached

### Analysis and Trade Setups
**Chart Analysis:**
- The Advanced Dashboard for Currency Strength and Speed indicates CAD (Canadian Dollar) is weak across all timeframes.
- The weakest readings for CAD are visible in the H4, and D1 columns, showing significant negative values.
- On the contrary, JPY (Japanese Yen) and CHF (Swiss Franc) are strong across multiple timeframes.
**Trade Setup:**
- **CAD/JPY:** Since CAD is weak and JPY is strong, consider a short position in CAD/JPY. However, note that CAD/JPY is approaching some demand zones, so proceed with caution.
- **CAD/CHF:** A short position in CAD/CHF is strategic given the strength of CHF and the weakness of CAD. This pair shows more free space for trading without immediate demand zone obstacles.
**Potential Strategy:**
- Monitor the trends and speed indicators for confirmation.
- Look for pullbacks to key resistance levels for optimal entry points.
- Use appropriate stop-loss levels to manage risk.
**Conclusion:**
Combining CAD with strong currencies like JPY or CHF can provide high-probability trade setups. Always confirm with additional analysis and indicators before entering trades.

Update on our recent CADCHF SHORT ALERT:

The CADCHF pair has experienced a significant decline, breaking through several demand zones.
Currently, the CAD currency remains weak across all timeframes, while CHF shows strong performance.
Our short trade setups have been successful, aligning with the currency strength and speed analysis.

Well, that was faster than expected.
TP 2 reached and even more!
I hope some people took advantage of the setup!



For those looking for new opportunities, consider getting the Supply and Demand Dashboard PRO.
Check post 1 for more information or send me a message for details.

Best regards, Bernhard
https://www.CurrencyStrength28.com

Recent Trade Analysis: GBP/JPY

Chart Overview:

- Currency Strength:
- Trend (H1): GBP shows an **iGAP** (inside GAP), which suggests a potential reversal, moving from outside MFiB 100/-100 values towards the zero line.
- Entry (M5): A dGAP and cross between GBP and JPY confirmed the entry point.
- Impulse: High speed in both GBP and JPY provided confirmation.

Trade Execution:
- Entry: Taken after confirming dGAP on M5.
- Stop Loss (SL): Positioned above the last significant high.
- Take Profit (TP): Achieved near the support of the demand zone, where the move had sufficient room to the next higher TF demand, which exceeded 20 pips.

This analysis reflects a successfully executed short-term bearish trade on GBP/JPY.

Indicators used:
Advanced Currency Strength28 Indicator version 9.2
Advanced Currency IMPULSE with ALERT version 7.3
Advanced Supply Demand version 7.2

(A link to the indicators can be found in post 1 and on my website.)

Best regards, Bernhard
https://www.CurrencyStrength28.com

Trading with two dashboards.

1. Strength Dashboard Overview:

1. The Advanced DASHBOARD for Currency Strength & SPEED indicates a bearish trend for EURNZD. This is supported by a significant negative CS values in the EUR M5 to H4 timeframes and positive CS values in NZD M5 to Daily timeframes, showing strong selling pressure. (But some bullish speed on M1 and M5).
2. However, the weekly and monthly strengths suggest a more mixed picture, with less pronounced weakness, indicating that the longer-term trend might be less bearish or potentially stabilizing.
3. For NZDUSD, alternative selling pressure is evident, as indicated by the similar bearish signals in the strength dashboard.

2. Supply and Demand Dashboard Insights:

1. The Supply and Demand DASHBOARD PRO reveals minor demand zones on lower timeframes (H1 and H4). This suggests that while there is a general downtrend, there may be small pockets of buying interest at these levels, possibly leading to temporary price stalls or minor retracements.

3. Additional Observations:

1. The EURNZD chart shows consistent lower highs and lower lows, which is typical of a sustained downtrend. The demand zones are minor and haven't significantly altered the downward momentum.
2. The broader view, incorporating both dashboards, suggests that while there is current bearish momentum, traders should be cautious of potential retracements or consolidation periods, especially in the identified demand zones.

This analysis provides an understanding of the current market conditions for EURNZD and NZDUSD, focusing on strength and supply-demand dynamics.

Successful 130 Pip Trade on EURNZD

The analysis and trade setup for EURNZD were spot-on, leading to a successful capture of 130 pips. As anticipated, the price action showed a brief consolidation around the previous minor demand zone, which was identified in the analysis. This minor demand provided a temporary pause in the downtrend, but it did not have the strength to reverse the overall bearish momentum.

As the Asian market opened, where the NZD is an active currency, the bearish trend resumed with significant force. This resulted in a sharp drop, confirming the analysis that indicated strong selling pressure on EURNZD. The move was consistent with the strength and supply-demand dynamics outlined, demonstrating the effectiveness of combining the two dashboards in the analysis.

This outcome is a testament to the power and precision of the two dashboards, which not only guide traders through complex market conditions but also enhance their decision-making process. By leveraging the insights from both the dashboards, traders can achieve better results and gain a significant edge in the market. This success story highlights how these tools can be used effectively to navigate trades with confidence, making them essential for any trader aiming for consistent profitability.

(A link to the indicators can be found in post 1 and on my website.)

Best regards, Bernhard
https://www.CurrencyStrength28.com

Analysis of the XAUUSD (Gold) Chart


The theory of supply and demand trading states that when the price returns to a zone multiple times, orders from that zone are gradually absorbed (filled), which weakens the zone. In this case, we observe that the price has tested the upper supply zone four times.


It's also noticeable that the first two pullbacks were stronger than the last two, suggesting that the sellers might be losing strength. Traders should be cautious at this point. For short setups, it's advisable to wait for confirmation before entering a position. Conversely, a long setup could be possible if the zone breaks, indicating a potential continuation of the upward trend.

This analysis highlights the importance of not only considering the number of tests a zone undergoes but also the strength of the reactions. This can be crucial in determining whether the zone will hold or break, and whether to prepare for a short or long setup.

Supply and Demand DASHBOARD PRO: https://www.mql5.com/en/blogs/post/725584

Happy trading and a nice weekend.
Best regards, Bernhard
https://www.CurrencyStrength28.com