This is how I evalutate the strength of currency and guage on their correlations.
I do it every weekend and look at how strong the trend of particular currenyc pairs are.
xxx/USD pairs: Slightly Bearish
Gold & Silver: Very Bearish
xxx/JPY pairs: Bullish
USD/xxx pairs: Mixed (USD/CHF is bullish, USD/CAD is bearish)
Stock Indexes: Mixed (USD index is slightly bullish, Hong Kong is Slightly bearish)
Trade Safe,
s0nic
I do it every weekend and look at how strong the trend of particular currenyc pairs are.
xxx/USD pairs: Slightly Bearish
Gold & Silver: Very Bearish
xxx/JPY pairs: Bullish
USD/xxx pairs: Mixed (USD/CHF is bullish, USD/CAD is bearish)
Stock Indexes: Mixed (USD index is slightly bullish, Hong Kong is Slightly bearish)
Trade Safe,
s0nic
Telegram: t.me/sonictraders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/sonictraders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.