Commodity channel index forex trading $10


Commodity channel index forex trading $10


Commodity Channel Index (CCI) is an oscillator introduced by Donald Lambert in 1980. Though its name refers to commodities, it can also be useful in equities and currency trading as well.CCI measures the statistical variation from the average. Traders use the CCI in a variety of ways. Three common uses are:-CCI in retracements. Even though its name refers to commodities, CCI can also be used to trade currencies and other markets.

Traditionally CCI can be used in a variety of conditions, including breakouts, ranges and trends. Today we will primarily look at using CCI to trade trend retracements with overbought and oversold levels. Lambert originally developedthe CCI to identify cyclical turns in commodities, but the indicator can besuccessfully applied to forex, indices and stocks.In general CCI measures the current price level relative to the average pricelevel over a given period of time.

CCI is relatively high when prices are farabove their average. Oil falling and strong EUR data will help push this pair higher in the coming days. OPEC did state they plan to cut output in Nov. but they have also been saying they would cut production for a long time. The pair is apparently oversold ( CCI ) and was rejected in the area of 93, so therefore I think that how much could form a double top, before continuing down significantly.

It is important to understand that the general trend is apparently fall (in this particular setup off course), so the Long side is an additional risk, I think only suitable for intraday. Commodity channel index forex trading $10 is a very well-known and widely-used indicator that has gained level of popularity in no small part of its versatility. Originally, the indicator was designed to be used for identifying trends in commodities, however it is now used in a wide range of financial instruments.Read more about Commodity.




Commodity channel index forex trading $10

Commodity channel index forex trading $10

Commodity channel index forex trading $10



Leave a comment