Result is not so good for this strategy .
Points
1) US news Impact is higher than all other pairs Example. USA inflation result break 4 Prakash Balance lines where Euro Inflation results Touch 2 prakash balance line .
11:30
GBP
Consumer Price Index
(YoY)
High
3.1%
3.4%
UK inflation may drop . expected is 3.1. .. looks like good buy at 1.2407 and 1.2387 and target 1.2470
Most important is the "Prakash balance line" This will help me to determine what the current price of the currency could be. It's like Pivot Point. If the price is above this balance line then,it is overbought and if below it is oversold.
There are five lines here.
Prakash overbought line...
If your country's currency is high in demand as compared to its supply, its value will increase But the key here is to understand the factors that affect this demand and supply because that is what determines its value, and that is what shapes our policies, and that is what we are going to break...
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