Graph analysis technique

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Jan 14, 2014 04:14 pm

#1

Noobtrader User

Envois: 52
Membre depuis: 07/11/2013

Does anyone know what this technique is called when you analyse more than 1 currency to determine the actions of a single currency pair?

Appreciate any advice u can give :)

Jan 16, 2014 02:03 pm

Jogi User

Envois: 685
Membre depuis: 06/06/2011

I think it is correlation. For example:-

If Eur/Usd is upward and Eur/Jpy is downwards then it means Eur is strengthing against Usd and weakening against jpy. So Usd/Jpy would be downwards as Jpy has more strength than Usd in above scenario.

Jan 18, 2014 03:31 am

Sasha User

Envois: 836
Membre depuis: 16/05/2011

Yes. A table can define it clearly.I cannot draw a table here but I will try to make one.

If

Gbp/Usd = Up (It means Gbp is strengthening against Usd)

Usd/Jpy = Down (It means Usd is strengthening against Jpy)

Then

Gbp/Jpy = UP (because Gbp > Usd > Jpy)

Feb 21, 2014 11:15 pm

4nt5 Translator

Envois: 84
Membre depuis: 12/10/2013

Hey guys,

Noob question here, when a pair i.e. GBP/USD goes up and u buy, arent we using USD to buy GBP??? if thats the case shoulddnt it be the other way round? :s (im confused now that i think about it)

Feb 22, 2014 02:02 am

combat212003 Hostedbeta

Envois: 1
Membre depuis: 17/11/2013

It means you buy GBP and you sell USD..... when you enter a long position..

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