I want to use the ibtermarket analysis to know when to enter a trade and tell me when to exit. I want to have a powerful inter market analysis strategy..... Pls do you have any helpful data bases or links or charts
Currencies are interrelated and for you to have an edge as a currency trader technical analysis's is not enough there should be some extra confirmation and I saw this pic of you guys on google two Chinese indexes or so were inversely related can I DM you is it possible
I'm pretty sure you're talking more about what in forex is called correlation. There's lots of stuff on the forum, on the web and on Youtube re forex correlation.
Yes, some currencies are highly correlated with others, for example the EUR and the CHF, the AUD and the NZD. It follows that some pairs are also highly correlated - EUR/USD and USD/CHF are strongly negatively correlated, so that as one goes up, the other goes down.
These relationships are useful for confirming or questioning a trade decision you have already arrived at.