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Date/Time: Sat, 23 Nov 2024 20:55:12 +0000
Post From: Offering To The Community: Forex: Currency Decorrelation (and Currency Strength)
| [2018-11-25 13:22:52] |
| Halco - Posts: 92 |
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Attached is a 4-hr chart "Diff from Primary" study of the USD index against the other major currencies from early Dec '17 to late Jun '18. You can see the entire FX market against the USD at a glance. Note at the beginning of the chart all the other currencies are trending up against the USD. Then they all start to consolidate or roll over. Then they all do roll over and trend down against the USD. Then early/mid Apr '18 the behavior changes in most of the pairs. Assuming I'm using and interpreting this study correctly, one only has to look at the USD pairs during this time period to see how powerful this information could be as far as gauging strength/weakness in the primary currency. Brett, I know I keep gushing, but man, this is really great stuff. http://www.sierrachart.com/image.php?Image=1543151856837.png |