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  • This Week’s FOREX Commentary
    Two Far from Average Opportunities
    Last week saw an unusually large number of FOREX pairs quite stretched away from their short-term moving averages, a condition which often results in these same pairs moving back toward their averages. Why mention this now? Because there are still pairs which are arguably stretched away from those averages and may soon revert back, and this could spell opportunity. Let’s take a look at a recent example, followed by another two pairs currently still stretched away from their 10-day moving averages. Last week, GBPCHF was stretched above its 10-day moving average (10MA) by between 1.5% and 2.0% (figure 1, yellow highlight) for two days before finally stalling on Thursday and collapsing on Friday. While this is in the rear view, let’s take a look at two pairs arguably still stretched below their 10MAs.
    Figure 1. GBPCHF Daily w/10MA and %
  • This Week’s FOREX Commentary
Two Far from Average Opportunities 
Last week saw an unusually large number of FOREX pairs quite stretched away from their short-term moving averages, a condition which often results in these same pairs moving back toward their averages. Why mention this now? Because there are still pairs which are arguably stretched away from those averages and may soon revert back, and this could spell opportunity. Let’s take a look at a recent example, followed by another two pairs currently still stretched away from their 10-day moving averages. Last week, GBPCHF was stretched above its 10-day moving average (10MA) by between 1.5% and 2.0% (figure 1, yellow highlight) for two days before finally stalling on Thursday and collapsing on Friday. While this is in the rear view, let’s take a look at two pairs arguably still stretched below their 10MAs.
Figure 1. GBPCHF Daily w/10MA and %
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