Forex Monthly Trading Thread and setup ideas, page-46

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    Here is a comparison of five USD pairs from when the EUR/USD began rising after 8 April this year. A few interesting points:

    EUR/USD has had the steadiest rise because EUR was strong and USD was weak. As mentioned before, that's the ideal scenario for bigger longer-term trend following, i.e. find one strong currency and one weak currency and go long the pair - strong/weak or short weak/strong.

    AUD and CAD are closely correlated because both are commodity currencies.

    USD/JPY is the odd one out.

    USD since 8 April.PNG
    Last edited by LeeKing: 05/08/17
 
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