Which one is more similar to the EURUSD

Which one is more similar to the EURUSD pair?

  • USDCHF

    Votes: 23 95.8%
  • USDJPY

    Votes: 1 4.2%

  • Total voters
    24
Vote, express opinions be open.

My though is that although USDCHF seams to fallow EURUSD very closely. second USDJPY and the EURUSD pair share similar situations on using channels
 
Quote from VisionTrader:

Most like EURUSD is EC.

I am just curious why you are trying to get opinions on this?

He's probably trying to develop a hedging strat. But this is no contest.
 
UM_manager,

Very nice dynamic chart there, thanks.

You wouldn't happen to have a similar format chart of the correlations of EUR/USD and GBP/USD? If you do, I'd like to see it. Historically, the daily correlation between euro and cable has been fairly high (positive), averaging around 0.8 - 0.9+. However, as recently as July, I believe it all but broke down to a low of 0.22 or so. (At times I put on trades in opposite directions in cable and euro, with the ultimate objective of closing each trade for a profit.)
 
Quote from UM_manager:

2late apex. 20-d correlation history. GBP/USD vs EUR/USD

Hi UM, dont you have a chart forecasting a buy and sell signal for next week.....with 100% probability of doing 80% profit!!
nice graph, mate proof that some traders are quiet but very active on developping all necessary tools to grip a pip from here or a pip from there.for me i am now retired at 36 with 1.2Ml$ made mainly from forex.:D :D

Z COmAnDaToRe
 
Quote from UM_manager:

2late apex. 20-d correlation history. GBP/USD vs EUR/USD

Hm, looking at that chart, something inside me tells me that this needs to be exploited...:D
 
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