Download MT4 Forex Indicator Direction Finder For Free

Direction Finder it's a very helpful MT4 Forex indicator for find currencies direction , you can use this indicator with any time frame and with any pair , when you put Direction Finder MT4 chart you will see two part of indicator the red part it's an analistic par and the green part it's the expected trend for a pair , we advice to use this indicator with any good "Support & Risistance" indicator for make sure of the new expected trend .

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Signal For Tuesday 5th December 2017

Overall there is strength in the JPY with minor strength in the CAD


Overall there is weakness in the CHF, with minor weakness in the NZD



Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/CHF, CAD/CHF


Sell Trades – USD/JPY, CHF/JPY, NZD/JPY,

Signal For Friday 13th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the GBP


Buy Trades – EUR/GBP

Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF

Signal For Thursday 12th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD



Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD

Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD 

USD/CAD in Focus as Crude Oil Prices Edge Lower, Inventories Data Ahead

Talking Points:

•  USD/CAD trading above the 1.29 handle after a reprieve on declining Crude Oil Prices
•  EIA Crude Oil inventory data is ahead and might induce a sharp reaction for the pair
•  20-day USD/CAD and Crude Oil correlation at -0.87 at the time of writing

The USD/CAD is trading above 1.29 at the time of writing, after the US Dollar managed to recoup some of its losses as the Crude Oil Prices rally came to a stall.

20-day USD/CAD and Crude Oil correlation sites at -0.87 at the time of writing, suggesting that the EIA inventory data ahead might see a sharp reaction from the pair.

Against this backdrop we will form our outlook and look to find short term trading opportunities using different tools such as the Grid Sight Index (GSI) indicator.

The official EIA weekly Crude Oil Inventories figure is set to hit the wires 14:30 GMT, and seems like the most likely candidate for USD/CAD volatility. Economists are expecting a -850K decline coming into today, higher than the prior -2508K figure.

With that said, API estimates suggested stockpiles rose by 4.46 million barrels last week, which might imply a surprise rise in the figures today. This scenario could see further Crude Oil selling pressure, which may pressure the Canadian Dollar as well.

US Dollar traders might hold back from fully committing before the Yellen speech this Friday, which could imply that the US housing data may have subdued effects unless a significant deviation from expectations hits the wires.

The probability of a Fed rate hike in December is slowly edging higher, which could potentially see the US Dollar strengthen on pre-positioning to the main event on Friday.

USD/CAD Technical Levels:

We use volatility measures as a way to better fit our strategy to market conditions. The USD/CAD is seeing the lowest levels of volatility since December 2015 based on 20-day ATR readings. 1-week implied volatility measures are quite subdued as well.

In turn, this may suggest that range bound trading plays might be appropriate in the short term, but caution is warranted on the EIA data.

USD/CAD 30-Min Chart (With the GSI Indicator): August 24, 2016

The USD/CAD is trading slightly above a potential support zone between 1.2920 and 1.29 at the time of writing, with GSI calculating higher percentage of past movement to the upside in the short term.

The GSI indicator above calculates the distribution of past event outcomes given certain momentum patterns. By matching events in the past, GSI describes how often the price moved in a certain direction.

Further levels of support might be 1.28675, followed by 1.2800, 1.2766 and the 1.27 handle.

Levels of resistance might be 1.2950, 1.2965 and the 1.30 handle.

We generally want to see GSI with the historical patterns significantly shifted in one direction, which alongside a pre-determined bias and other technical tools could provide a solid trading idea that offer a proper way to define risk.

We studied over 43 million real trades and found that traders who successfully define risk were three times more likely to turn a profit.