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Fundamentals,US Core Retail Sales

nick21 Veröffentlicht 13 Feb. in #Fundamentals #USD/JPY #EUR/USD #Us Core Retail Sales

Forex News Trading

February 13, 2014 - US Core Retail Sales
US Core Retail Sales is probably the main focus of the week as retail sales makes up 2/3 of the US GDP. I would definitely monitor this release closely and follow in the direction of the surprise.
Here´s the forecast:
13:30am (GMT) USCore Retail Sales
Actual…??? Forecast 0.1% Previous 0.7%
[b]DEVIATION: 0.5%[/b]
BUY USD 0.6% / SELLUSD -0.4%

The Trade Plan

The plan to trade this release is straight forward. We are goin…

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Currency Correlations

nick21 Veröffentlicht 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…

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How to Use Forex Correlation

nick21 Veröffentlicht 28 Jan. in #USD/JPY #Currency Correlations #EUR/JPY GBP/JPY

How to Use Forex Correlation

Daily Forex Correlation Table – January 28, 2014

Typically a correlation of -/+ 70 is significant and noteworthy, while -/+ 80 is a strong correlation (or strong inverse correlation if negative). Correlations do not measure magnitude.For example, the USDJPY and GBPJPY have a +98.7 correlation based on the chart below. They usually move in a similar direction,but that does not mean they move the same amount. Based on volatility da…

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DAILY ICHIMOKU ANALYSIS

nick21 Veröffentlicht 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.

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CURRENCY CORRELATIONS

nick21 Veröffentlicht 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 :

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Fundamentals,US Core Retail Sales

Currency Correlations

How to Use Forex Correlation

DAILY ICHIMOKU ANALYSIS

CURRENCY CORRELATIONS