Hello,
I would some information about analysing the forex market in 3 Dimension. There is a theory that it is logical to place the percentage change for all of EUR pairs on the Y axis, and all the USD pairs (USD is always base) on the x-axis.
But, I do not know how does this information helps us. I believe we get to see a data points for each currency (except for EURUSD which is found on the Z- axis) on the scatterplot/cartesian chart and you can draw a big square where all the data points are inside the square. But I do not know how we can use such information to create an informed decision.
Whomever know such concept, please do explain it to me
Thank you
I would some information about analysing the forex market in 3 Dimension. There is a theory that it is logical to place the percentage change for all of EUR pairs on the Y axis, and all the USD pairs (USD is always base) on the x-axis.
But, I do not know how does this information helps us. I believe we get to see a data points for each currency (except for EURUSD which is found on the Z- axis) on the scatterplot/cartesian chart and you can draw a big square where all the data points are inside the square. But I do not know how we can use such information to create an informed decision.
Whomever know such concept, please do explain it to me
Thank you