Yes shorting Yen so far. Try to long last weeks didn't go well.Ignored
whats wrong exactly whats happening now why the sudden up and down movements?!!
DislikedYour indicator can not tell you the noises from the actual move (direct selling/buying).
Put this formula using Microsoft Exel and punch in the rate for each currency pair. You will understand why to watch 3 charts.
EUR/USD x USD/JPY = EUR/JPY
EUR/JPY ÷ EUR/USD = USD/JPY
EUR/JPY ÷ USD/JPY = EUR/USD
1.3035 x 95.79 = 124.86
124.86 ÷ 1.3035 = 95.79
124.86 ÷ 95.79 = 1.3035Ignored
DislikedClearly therefore, if both UJ & EU are bullish, then EJ is bound to also be bullish - and vice versa. That's the trouble with these triangulated cross pairs - the two pairs can sometimes either compromise a move or cancel it out completely. However, if both pairs are bullish, you're on to a safe bet.Ignored
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