TVC:DXY Not looking good this entire week. No direction, no nothing. Just reeking havoc on most pairs. Hurry up FOMC and make the call, either way, we need the call. Trade well.
Just my imagination. I had this in my mind when pair was around 1.322 and now that I've seen price action I went through this pair once again. Also this pair is in correlation with my OIL plan.
If we look at the figure we are seeing some high correlation between the Forex Gold and Diamond versus the Futures S&P500 and Nasdaq. Prediction: this month Gold, Diamonds, S&P500 are going down Prediction: this year Gold, Diamonds, S&P500 and NASDAQ are going up How is it possible that there is some correlation between them? (my opinion) You mostly find gold and...
I remember attending a webinar hosted by one of my mentors about correlation.When I started looking correlation at first I got confused. However, after pondering about it, I realised it is one of most useful tools in Forex. For example, with correlation one can determine the right timing to enter a trade. Today I asked myself, is it a coincidence that there is a...