Graph analysis technique

გვერდი: 1

Jan 14, 2014 04:14 pm

#1

Noobtrader User

გვერდები: 52
გაწევრიანდა: 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

გვერდები: 685
გაწევრიანდა: 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

გვერდები: 836
გაწევრიანდა: 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

გვერდები: 84
გაწევრიანდა: 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

გვერდები: 1
გაწევრიანდა: 17/11/2013

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

გვერდი: 1

Support

Platform

Mobile

Legal

English فارسی საქართველო العربية Español Deutsch Français Português Italiano Türkçe 中文 اردو Русский

© 2024 FxStat Ltd. All Rights Reserved.

Risk Disclaimer

FxStat Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom under FCA Firm Reference Number 537787. FxStat is a company registered in England and Wales under registered number: 07212997.

Trading foreign exchange ("Forex"), Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange ("Forex"), Commodity futures, options, CFDs or SpreadBetting you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange, Commodity futures, options, CFDs and SpreadBetting trading, and seek advice from an independent advisor if you have any doubts. Past returns are not indicative of future results.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. The broker/dealer and the referring broker will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Any information, recommendation or promotion whether by email, newspaper or flyer, and not limited to any communication method that directly or indirectly links to any area of FxStat website must state that the promoter is not affiliated with FxStat and that any claims made are not endorsed by FxStat in any way.