Get started
BA_Investments

Negative Correlation Between Gold & USDJPY

Education
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
BA_Investments  
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Fundamental Analysis USDJPY Gold XAUUSD correlation education
4
0
chartpattern fundamental usdjpy gold xauusd correlation education
There is a -94% correlation on the weekly timeframe (also known as negative correlation) between Gold & the Japanese Yen.

GOLD📉
=
USDJPY📈

When one market moves up, there is a high probability the other market will move down. Knowing this allows you to mitigate your risks, by not opening similar positions in both markets.
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
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.