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Currency Correlations


Currency Correlations

What is a Forex Correlation?
A correlation is a measure of how much one currency moves with another. Correlations will run between -100 and +100, the former meaning they move in opposite directions to one another, and the latter meaning they move in the same direction.
The number between -100 and +100 shows the strength of the relationship. -100 shows two different pairs always moved inversely to each other over the period being
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DAILY ICHIMOKU ANALYSIS

GBP/USD 01/06/2014

This picture is template.

GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersectedbelow Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2). Short term forecast: I think we can expect resistance from Tenkan-Sen and D Kijun-Sen, and decline of the price.
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CURRENCY CORRELATIONS

CURRENCY CORRELATIONS
CURRENCY CORRELATIONS FOR 01/06/2014
If you find trend for one, you have in fact 3 pair trend:
positive correlations (same direction);

USD/JPY VERSUS GBP/JPY = 0.9740
EUR/JPY VERSUS USD/JPY = 0.9842
GBP/JPY VERSUS EUR/JPY =0.9846

Look in picture below :
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