Hi, I thought I should start a thread tracking the DOW index and its correlation to all USD pairs
I think it is important to track the movement of the DOW as it affects all USD pairs.
Usually when DOW rises, EURO, CABLE rises too and USDJPY goes down.
If one look at the dow chart, we can see that it is going to rise on monday to 10500. That's its first major resistance.
So i think we should go long EURO, CABLE.
I think it is important to track the movement of the DOW as it affects all USD pairs.
Usually when DOW rises, EURO, CABLE rises too and USDJPY goes down.
If one look at the dow chart, we can see that it is going to rise on monday to 10500. That's its first major resistance.
So i think we should go long EURO, CABLE.