From 3 numbers actually offers 4 possible ways to calculate for 1 number for day trade perfection. So far, its safe to pronounce 3 possible ways is correct yet which way is accurate and here is where it becomes interesting.

Markets are man made inventions so the investigation is not markets totally but what did they create and how is it constructed. The answer allows for perfection to traded markets.

After 4 days, calculated patterns are emerging and specific to each of 8 currency pairs.

EUR/USD day trade today is the exact same as last evening at the China open but factored 2 separate ways. This is a first.  Same trade as last night means targets, support and resistance levels are identical.

USD/JPY today is perfect and the only sound currency while NZD/USD is way off.

How important are day trades and accuracy is seen in today's NZD/USD. Factor NZD/USD wrong today and trades are off by 7 pips, 4 pips and 2 pips. In Asia trade last evening, NZD/USD was near perfect yet Asia trade last night and today's day trade was factored 2 separate ways.

In comparison to the big trade services such as Bloomberg, Thomson, and others to central banks, how are they doing for accuracy. The graduate school answer is it depends. The central banks are reliable yet possibly off but not normally enough to make a big difference.

Specific to the central banks is the vast majority trade by moving averages and certain math formulas associated to moving averages.

Thomson Reuters is the absolute hands down best to all traded markets and an old FX company from Scotland.

The trade services however depends on if they are lazy, rushed or follow the correct formulas. For the most part, they follow the scripts and on a few days, they throw out a number such as today's NZD/USD.

Remember 3 numbers, easily factored by anybody to include a child of 10, and day trades are written in stone.

If you think the currency analysts and trade services are incompetent, check this Lie out to the 3 numbers.

based on indicative rates only contributed by market participants,  accurate indications of bid and ask quotes that are derived from hundreds of quality sources, including indicative and executable price quotes from money-center and regional banks, broker-dealers, inter-dealer brokers, and trading platforms.

taking a Time-Weighted Average Price (TWAP) of the geometric mid-rates,  A linear TWAP of quotes will be used in a triangular function.

The biggest crock of garbage ever foisted on the trading public is now before you and makes currency analysts and trade services appear as saints knighted by the queen. None will make it to Heaven. 

Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD slides under 1.16 as US Retail Sales smash estimates

EUR/USD is trading under 1.16 after US Retail Sales smashed estimates with 0.7% in September. Treasury yields are rising. The risk-on mood continues to underpin the pair, as the ECB policymaker Wunsch dismisses inflation concerns. 


GBP/USD retreats below 1.3750 after US data

GBP/USD has pared some of its gains after US Retail Sales beat estimates, with the core group hitting 0.8% last month. Earlier, investors shrugged off dovish comments from two BOE members. 


XAU/USD slumps to $1,770 area on upbeat US data, surging US bond yields

Gold started the last day of the week on the back foot and extended its slide to a fresh daily low of $1,770 in the early trading hours of the American session pressured by the dollar's resilience and surging US Treasury bond yields.

Gold News

Crypto bulls on winning streak pushing for more

Bitcoin price favors bulls reaching $60,000 by the end of this week and onwards to new all-time highs by the end of next week. Ethereum price broke a bearish top line and could hit new all-time highs by next week in tandem with Bitcoin. 

Read more

Why is Tesla going up?

Tesla's (TSLA) stock price has finally pushed higher in a series of steady and sure moves. We had nearly given up on our bullish call with Tesla stock as it kept struggling around the $800 level.

Read more