Currently, i am using MACD, Moving Avg and RSI for spotting a trend change, however i do not see much needed confidence with the above. Bollinger and other studies weren't helpful either. Though i tested them on few trades so far, i see many FX forums talk about using eyes than to predict any trend changes. What would you suggest ?
Another Q: I have observed as the contract comes closer to its expiry month, the price also decreases drastically when it hits the 1st day of expiry month.
Example: While holding USDINR Sept'16 Futures
In Mid- August
USDINR index(Investing.com's chart) shows 66.700
My broker's terminal shows 67.60
In Sept 1st week
USDINR index(Investing.com's chart) shows same 66.700
My broker's terminal shows 67.30
Why is there such difference ? Purchasing only current month's futures is the way for swing trades ?