Trade-Weighted Index for All Major Currencies
This is a Trade-Weighted Index for All Major Currencies (Not just pairs).
It may say "AUDJPY...." or you may see pairs..but this is actually formulas of formulas...
(1) They can be analyzed individually by looking at the direction each are moving and then deciding which pair is best to trade. You may have thought about buying AUDNZD, but as you can see....NZF is moving up and AUD is falling down.
(2) Use chart patterns to find out which direction each are going.
(3) Use higher time frames...monthly, weekly and daily because it could slow down your computer. Smallest is the 4 hour chart. Otherwise, it may not be safe.
It may say "AUDJPY...." or you may see pairs..but this is actually formulas of formulas...
(1) They can be analyzed individually by looking at the direction each are moving and then deciding which pair is best to trade. You may have thought about buying AUDNZD, but as you can see....NZF is moving up and AUD is falling down.
(2) Use chart patterns to find out which direction each are going.
(3) Use higher time frames...monthly, weekly and daily because it could slow down your computer. Smallest is the 4 hour chart. Otherwise, it may not be safe.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.