In this webinar, I shall explain how the Commodity Channel Index (CCI) can be applied to your trading. The signal generated indicates the weakening or end of a trend and a potential change in direction. The CCI has become an important indicator of cyclical trends for technical analysts in commodities, stocks and the forex market. The indicator can be found on USGFX MT4 platforms by which you can use a ‘moving average’ style line that smooths out the data used to calculate it. One of the advantages to this indicator is that it can be applied to any time frame from 1-minute to 1-month chart, although I prefer to use it on at least 1-hour time frame so that the moves are large enough to produce a conceivable profit according to your risk management.
Rob ClaytonRob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets.
Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better, smarter trading decisions!