DislikedHi Neil, {image} As CHF is strong today why such difference in XAU/CHF + and WCU/CHF - . Many times i have seen xau/currency doesnt change fast and one is ++ and other is --. So is it better to follow only WCU/currency for money flow or wait for xau/chf and wcu/chf to align same and then take trade. Thanks, MakIgnored
There is no need to be in trades all the time.. Wait until one good one lines up.
The CHF is rising against the WCU (20 largest national economies measured by GDP) - The CHF (at time of posting) is the second strongest currency today.. As we all know the JPY is the strongest.
As you see now (at time of posting) the XAUCHF is falling (Not much though) and so is the WCUCHF. That tells you the CHF is getting stronger.
There is a post somewhere in this thread that states when the JPY is the strongest currency the market sort of resets itself.. When the JPY weakens it will get back to normal.
One of the reasons why the pivot thread and traders are having a lot of bad trades and going into drawdown.
Its strange how the JPY effects the market in so many ways.
What to watch out for.. Money is going into Gold today. XAUUSD etc.. Could mean the world markets are going to have a bad day with another selloff OR the JPY will now weaken. The big money will go from the JPY into Gold.
It all depends of what the financial markets do today. The Dow Jones (pre-market) is down 0.48% and the market isn't open yet.
Update: You see the CHF goes crazy.... After posting that ;-)
At time of posting
XAUCHF -0.41%
WCUCHF -0.59%
XAUJPY -0.34%
WCUJPY -0.43%
CHF = +100
JPY = +77
See how the CHF rose against the JPY
The JPY is one of two who follow moves in nice waves. Just follow the waves. This is the GBP/JPY wave
One more update and i'll go sleep
CHF now = 124
JPY now = 76
It didnt take a genius to see how strong the CHF was becoming and how the Dow Jones fell 1.50% just after opening.. The money had to go somewhere and it wasnt the JPY for once.. It went into the CHF.
The most violent element in society is IGNORANCE
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