WSI Forex Dashboard
The WSI Forex Dashboard compares a large basket of currency pairs to show how each currency is performing against the rest.
Is good for showing which currency pairs might be worth trading, which ones are trending, which ones might not be moving at all, and which ones are about to break out.
In the chart example shown, the USDJPY had been in a sideways movement for several days, and had shown potential for a move upward on a few occasions but would keep bouncing back down.
Finally, the WSI showed the USD breaking up, the JPY breaking down, and the USDJPY broke a previous high, showing a more definitive move for each individual currency in the direction we were looking to trade.
Is good for showing which currency pairs might be worth trading, which ones are trending, which ones might not be moving at all, and which ones are about to break out.
In the chart example shown, the USDJPY had been in a sideways movement for several days, and had shown potential for a move upward on a few occasions but would keep bouncing back down.
Finally, the WSI showed the USD breaking up, the JPY breaking down, and the USDJPY broke a previous high, showing a more definitive move for each individual currency in the direction we were looking to trade.