How Much Is The Average Fashion Show At Fashion Week GBP/USD Seasonal Patterns – Use a Seasonality Strategy to Confirm Entry and Exit Points in Forex

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GBP/USD Seasonal Patterns – Use a Seasonality Strategy to Confirm Entry and Exit Points in Forex

We usually look at Forex charts on a day-to-day, week-to-week and year-to-year basis. A simple chart shows the price path of a currency (pair) over many years and can provide a lot of information for the technician to use. But there is another way to look at currency charts and that is to look at them seasonally.

So what is a Forex season pattern or Forex season chart? For our purposes, the season is the tendency of the currency to bottom or top at certain points in the year.

Instead of looking at the last 30 years currency data in chronological order, what happens if you take every year (January to December) and can put each year on top of each other. All 30 years are then averaged and set to an initial value of 100 to provide a line showing how the currency averaged between January and December over the last 30 years (below we will See average 5, 10, and 15-year-olds) Will the average show the GBP / USD seasonal pattern, which is usually higher in a specific month or lower in other months?

Take a look at the pound futures below, but note that since the futures pound is trading relative to the US dollar, we can use the model seen in the futures market to trade GBP / USD seasonally. Therefore, this information can be used in both the future and the Forex market.

GBP / USD Seasonal Pattern – 5, 10 and 15 Seasonal

There are definitely GBP / USD seasonal patterns in parallel, and we can see these patterns by looking at the seasonal charts of the pound futures. These seasonal trends can be used to find opportunities to trade GBP / USD (or futures).

Seasonal charts show the trend of the pound over the last 5, 10 and 15 years. Each average provides a different line, and this is important to understand the seasons –It is average, not legal. In any year, prices can deviate from seasonal trends and traders should not fight it.. But we can find the normality that occurs in all three averages:

  • The pound usually forms a bottom in early to late March and then moves higher towards the end of April.
  • Early May to mid-May is usually the time of fall.
  • Bottoms usually form again in mid-May, we see higher changes in early August.
  • Prices usually peak in early August and fall to early September.
  • After October, our averages with short-term (5 years) do not provide the same information as long-term seasonal averages (10 and 15 years), thus making seasonal trends less concise and less concise. Reliable during this time.
  • On average, adjust to a peak in early November and prices fall to mid-to late November. After this the mean differs again.

Seasonality is not a tool for personal use, but should be combined with price sample analysis to determine entry and exit points. However, seasonality gives us a window of time where we can look at trend reversals and feel more confident if we see a price pattern that shows the season reversals offered above.

It is important to keep the general market trends in mind. In an uptrend, use seasonal lows to buy. In an overall downtrend, use seasonal highs to reduce or sell.

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