After Friday’s huge price movements, many traders now face the question of how to trade a market that is trading at price levels unseen for 20+ years. Price that is trading below/above multi-decade lows and high, or below/above all-time highs and lows is often very difficult to analyze because no current reference points exist. In our opinion, it’s impossible to apply most concepts of technical analysis, such as horizontal support and resistance, moving averages or other tools that are based on historical price points.
In this article, we provide actionable and practical tips for beginner and advanced traders so that they can potentially improve their price analysis skills and make sense of chart analysis.
- GBP/USD – Below 20-year low
- GBP/JPY – Approaching the low
- EUR/GBP – Still in range
- AUD/GBP – Still in range
- GBP/CHF – Close to the lows