Hey fellow traders! Today, I want to chat about something that often gets overlooked but is super crucial when you're trading: the Accumulation/Distribution (A/D) levels of individual currencies.
In the forex market, we primarily deal with currency pairs—like EUR/USD or GBP/JPY. But let’s not forget about the individual currencies themselves. Think about it: when you're trading, you're ultimately dealing with things like actual USD or GBP bills in the real world.
Understanding the A/D levels can give you a clearer picture of how a currency is performing over time, which is invaluable for making informed trading decisions.
I've put together five key indicators that focus on the main currencies: USD, GBP, EUR, JPY, and CHF. To make the most out of these indicators, you'll need historical data for all the relevant currency pairs that include these currencies. For example, if you’re looking into EUR, you’ll need data for pairs like EUR/USD, EUR/JPY, EUR/CHF, and EUR/GBP.
Feel free to share your thoughts or any critiques! I always appreciate the feedback from our trading community, so don’t hesitate to reach out.
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