Dukascopy Smart People Community

Currency Correlations

nick21 Posted 29 Jan. in #EUR/JPY #GBP/JPY #USD/JPY #Currency Correlations

Currency Correlations

What is a Forex Correlation?
A correlation is a measure of how much one currency moves with another. Correlations will run between -100 and +100, the former meaning they move in opposite directions to one another, and the latter meaning they move in the same direction.
The number between -100 and +100 shows the strength of the relationship. -100 shows two different pairs always moved inversely to each other over the period being…

Read full story

Translate to English Show original

DAILY ICHIMOKU ANALYSIS

nick21 Posted 6 Jan. in #EUR/JPY #GBP/USD #USD/JPY #Ichimoku Analysis #Daily Ichimoku Charts

GBP/USD 01/06/2014

This picture is template.

GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersectedbelow Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2). Short term forecast: I think we can expect resistance from Tenkan-Sen and D Kijun-Sen, and decline of the price.

Read full story

Translate to English Show original

CURRENCY CORRELATIONS

nick21 Posted 5 Jan. in #EUR/JPY #GBP/JPY #USD/JPY #Currency Corelations #Daily Correlations

CURRENCY CORRELATIONS
CURRENCY CORRELATIONS FOR 01/06/2014
If you find trend for one, you have in fact 3 pair trend:
positive correlations (same direction);

USD/JPY VERSUS GBP/JPY = 0.9740
EUR/JPY VERSUS USD/JPY = 0.9842
GBP/JPY VERSUS EUR/JPY =0.9846
Look in picture below :

Read full story

Translate to English Show original

Trade with Swiss Bank

Community

Mobile apps

Related resources

Dukascopy Community

LIVE CONTESTS

Automated trading

Dukascopy Binary Trader

Miss Dukascopy

Miss Dukascopy

Code of Conduct

Have a question?

Contact Us

Dukascopy Connect 911

nick21's Blog

Currency Correlations

DAILY ICHIMOKU ANALYSIS

CURRENCY CORRELATIONS