Dollar Index and "The Nok" | Forex Factory

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Dollar Index and "The Nok"

  • #1
  • First Post: May 29, 2010 7:53am May 29, 2010 7:53am
Hello all, just wanted to share a correlation with you that seems to work very well. Its the correlation between the dollar index and an unusual pair usdnok, despite having a crazy spread its one of my favourite pairs to trade. I only trade this pair when the dollar index is at key supply/demand zones and usdnok reacts very well at these levels. Got an example below



http://img4up.com/images/96527018672080183921.gif


http://img4up.com/images/68140046864756804270.gif


Wondering if anyone else trades this pair and hope you find this useful


Kind regards


Red
  • #2
  • Last Post: Apr 6, 2013 12:59am Apr 6, 2013 12:59am
Quoting redsword11
Hello all, just wanted to share a correlation with you that seems to work very well. Its the correlation between the dollar index and an unusual pair usdnok, despite having a crazy spread its one of my favourite pairs to trade. I only trade this pair when the dollar index is at key supply/demand zones and usdnok reacts very well at these levels. Got an example below http://img4up.com/images/96527018672080183921.gif http://img4up.com/images/68140046864756804270.gif Wondering if anyone else trades this pair and hope you find...
Red - Have you noted whether most other pairs crossed with USD seem to react to USDX being at critical Supply / Demand zones? I personally don't think this is restricted to USDNOK so I would be interested to hear what other analysis you have carried out with other pairs.
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