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Technicals on crosses

  • #1
  • First Post: Aug 28, 2006 2:36am Aug 28, 2006 2:36am
Hi,

new to this forum and sorry if it has been repeated

Can anyone tell me if we can use technical analysis like Fibonacci and Elliot Wave on crosses?

I always thought we can apply these only to majors and perhaps EUR/JPY, GBP/JPY

But let's say it's something like CAD/JPY or AUD/NZD, can we still use these?

I think not...
  • #2
  • Aug 28, 2006 8:05am Aug 28, 2006 8:05am
Absolutely you can, in fact I have found some technical methods to work slightly better on cross pairs, of which EURJPY and GBPJPY is certainly two of. The principals are no different between pairs, do some experimenting and you should see that the same methods hold.
You can quit and they won't care, but you will always know.
  • #3
  • Last Post: Aug 29, 2006 12:49am Aug 29, 2006 12:49am
Quoting Akuma99
Absolutely you can, in fact I have found some technical methods to work slightly better on cross pairs, of which EURJPY and GBPJPY is certainly two of. The principals are no different between pairs, do some experimenting and you should see that the same methods hold.

Hi Akuma,

correct me if I'm wrong..

Say we look at something exotic like GBP/NZD.

Would you say GBP/NZD likely to rally because Technical analysis on GBP/NZD signals it?

OR

Look at GBP/USD and NZD/USD then make the technical analysis from there??

I do agree though that GBP/JPY and EUR/JPY can be applied as increasingly, there are trades done on these crosses
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