using a currency as an indicator for another

Im just wondering does anyone use another currency pair to give an indicatation of anothers?

i.e aud/usd

i see that it at resistance for saying sake

i look at the usd/jpy, and i see the usd gaining strength

im more interested in aud/usd because i think that there is going to be a bigger move i.e a drop

because its at resistance and the usd/jpy is gaining strength


Does anyone else do this or do you have any pairs that you use to give a indication of another currency pair

usdjpy up
= aud/ usd down

kind of like that ? or more if you can expand on it?

what i know

eur/usd and the usd/chf
are opposites

aud/usd and nzd/usd twins

usd/jpy great pair to trade if the strength of the dollar is overall up

just wondering if anyone knows more

Currency strength meter

I don't usually do it, but as I noticed lately the strong inverse correlation between AUDUSD and EURAUD, I set a chart of the three involved pairs (adding also EURUSD). I am not interested in trading EURAUD but it has been a good contrarian indicator these last days of price action for AUDUSD as it has seemed to "announce" the move earlier, thus allowing for a confirmation on it, then entering in the opposite direction for AUDUSD...

thats very interesting to hear because ive been trading both currencies
stopped trading the eur was selling it

but now selling the aud/usd

however the eur has gone day today and the aud climbed a bit

but came down again

however once a currency gets to much media attention like the eur i think its time to leave it for its will sooner or later explode in one direction to another?

might make a small bet on it going up but when to get in is another thing and when thats happens to.

I predict a big one day candle up, but catching it is another thing

there is a kind of opposite scale reaction to these currencies

i dop have other pairs that do the same thing i will post them on this

just got to get my research notes out and ill post them

been looking at a subject called arbitage
bank use this on a big scale
the calculations we get are small. have a few pairs were you enter earlier before price reaches that level

good for avoiding spread but not for making great profit

thou have been thinking that i may give indication to the direction of a move?

need to research this better

sadly cant open your file