I remember sending dis analysis, which GOLD respected....now LTF choch was made just waiting for the return to the zone and SELLS are taking part 🫡
Читать полностью…Layer added on the rejection and secured. Till the price respect the 1973/4 H1 kl we’re on sell side anyway so take care
Читать полностью…Historically, some of best Forex Correlations:
1. EUR/USD and USD/CHF:
- These pairs tend to have a strong negative correlation. When the EUR/USD goes up, the USD/CHF tends to go down, and vice versa.
2. USD/JPY and US TREASURY BONDS:
- There is often a positive correlation between the USD/JPY currency pair and US Treasury bond yields. When bond yields rise, the USD/JPY tends to appreciate, and when yields fall, the USD/JPY tends to depreciate.
3. a) AUD and GOLD:
- The Australian dollar (AUD) and gold have been known to exhibit a positive correlation. As gold prices rise, the AUD/USD often strengthens, and as gold prices decline, the AUD/USD can weaken.
b) GOLD and USD:
- Gold and the US dollar often have an inverse relationship. When the US dollar strengthens, gold prices may decline, and when the dollar weakens, gold prices may rise.
4. COPPER and AUD:
- Australian dollar can be influenced by copper prices due to Australia's significant copper mining industry. When copper prices rise, it may lead to a stronger AUD, and when copper prices fall, the AUD may weaken.
5. OIL and CAD:
- Canadian dollar (CAD) can be affected by oil prices due to Canada's status as a major oil producer. When oil prices increase, it can lead to a stronger CAD, and when oil prices decrease, the CAD may weaken.
Time to decision, if break 1979 and after 1981-87. Can take some profit, almost 100 pips run atm
Читать полностью…I don't have any clue about correlated pairs but thank you
This is a great help because you seem to say sell usdjpy & buy gold or vice versa