In the last post was the correlation between the EURUSD and USDCHF illustrated.
In this post is the correlation between the USDCAD and
the GBPUSD illustrated. The purpose is
only illustrative and inspirational in trading the USDCAD and GBPUSD.
Correlation
between USDCAD and GBPUSD
I was watching the USDCAD and the GBPUSD on the charts
and the visual correlation is that if the USDCAD is going sideways is the
GBPUSD often in and uptrend or in a downtrend.
The trend of the GBPUSD should not affect the USDCAD
if it is going sideways.
An Example
The charts are the USDCAD and the GBPUSD; the USDCAD
is going sideways and the GBPUSD is in an uptrend; the GBPUSD trend does not
affect the currency rate on the USDCAD as it is going sideways.
Another
example
The first example was over a longer time period; this
example is over a shorter time period.
The currency pair is the USDCAD and the GPBUSD: the
USDCAD is going sideways and the GBPUSD is in an uptrend; the GBPUSD trend does
not affect the currency rate on the USDCAD as it is going sideways.
Comment
Please leave a comment if you have some interesting
correlation between currency pairs.
