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readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

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How to Fend Off Your Currency Trading Blues

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The chart that follows was created on request by a member who trades currency. The member wanted a quick and concise chart to monitor the dominant short term cycles with the major currencies pairs.

At the moment we provide currencies via their ETF symbols (FXA - Aussie, UUP - US Dollar, FXE - Euro, FXY - Yen, etc). The ETFs are excellent for finding cycles with their cash equivalents (FXE is the EURUSD, etc), and they are good for the more exotic crosses like AUDJPY or FXA divided by FXY.

Note: The website's charting engine can chart the AUDJPY as FXA::FXY, or FXA divided by FXY.

The cycles in the chart were found with our RTT Cycle Finder Spectrum in a few short minutes.

As you can see, knowing the short term currency cycles is a must for any trading desk. If cycles hold true this week then we will see more US Dollar strength, and Euro and Aussie dollar weakness.

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