The Composite Index of Leading Indicators include: the amount of new building permits for residential buildings, the S&P 500 stock index, the inflation-adjusted monetary supply (M2), the spread between long and short interests rates, consumer sentiment, etc.

Approximately 80% of all currency transactions last a period of seven days or less, with more than 40% lasting fewer than two days.

Pay attention to the release of economic indicators (for example the monthly unemployment rate in the USA), and try to identify their impact on the market in general, and on specific currency pairs in particular.