Strong Forex Trading Patterns Offer Profit Opportunities In The Months Ahead
The forex markets exhibit some notable calendar or seasonal patterns of behavior. The months ahead exhibit some of the strongest of the year.
(PRWEB) May 31, 2006 -- The process of trading the markets is one of discovery, and sometimes those discoveries lead to huge opportunities.
For the last few years John Forman has been very profitably trading a pattern of price behavior he observed in the forex market. John is author of The Essentials of Trading, an Amazon Top Seller (http://www.TheEssentialsOfTrading.com). He's been active in the markets for nearly twenty years now, and credits observation as a major component in his success as a professional analyst and as a trader.
"The markets are constantly in flux," John commented. "At the end of the day, though, they are all based on human behavior, and humans act in patterns. If you pay attention, you can pick them out."
Having so successfully traded the calendar forex pattern he spotted in the Euro-Japanese Yen rate, John decided to look for others. He put the resources of Anduril Analytics, where he is Managing Analyst & Chief Trader, to work seeking out tradable 'seasonal' price patterns in other currency pairs.
The results were surprising.
The research identified strong, persistent patterns across the board in all the majors and primary cross rate pairs, all based on the calendar. Some patterns are monthly. Others are related to specific weekdays. The Anduril Analytics team compiled the results in to a research report entitled Opportunities in Forex Calendar Trading Patterns (http://www.andurilonline.com/fxcalendar).
Here's the interesting part. The months of June through September have some of the strongest price patterns of the year. That includes the Canadian Dollar, which does very well against the US Dollar in June. You can get the specifics, and information on other June patterns, in a special report at http://www.andurilonline.com/FreeReport-June.asp .
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