Relative strength comparison can easily be used to predict direction of a pair. This convergens of USD against GBP is a good example.
USD is losing strength while GBP is gaining strength on the hourly. Pretty safe to say GU will rise. Keep an eye on the news though, it's not a crystal ball :)
USD is losing strength while GBP is gaining strength on the hourly. Pretty safe to say GU will rise. Keep an eye on the news though, it's not a crystal ball :)
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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.