In this regard, we would like to remind you of the best tool for rapid market analysis – Forex Heatmap.
Let’s play with some examples of how you can use it as efficiently as possible.
On the map you can clearly see the following stable trends:
1. Turkish lira and Mexican peso are significantly losing against the US dollar. The indicator shows a clear inflation of these currencies since early May. You can see the trend and its the confirmation on the charts for yourself in the trading platforms. The population’s income have suffered, but at the same time it is a fighting chance to make some profits thanks to a steady trend.
2. Brent oil Is back in the saddle and shows a steady growth – the bulls are winning. The graphs in the tarding platforms clearly show the same trend for the second month in a row, and the global growth trend has formed in the middle of last year. Now is the right time to buy before there is a change in the trend!
3. Conclusions about the correct decision regarding EURUSD are quite obvious, just look at the indicator and check the situation on the charts in the trading platforms.
Of course, the trend reflected in our Heatmap is not a 100% guarantee of success as the market often changes. Moreover, you need to carefully evaluate the load on the deposit, correctly calculate and set the stop-loss and take-profit.
However, we are sure: in order to take advantage of fluctuations in the market, it is enough to study the situation on the market with the help of our Heatmap and analyze our resources. Remember: trend is your friend! Reasonable trading in a volatile situation will definately be profitable but trading in the flat can permanently deprive you of the possible profits.