Aleksin_Aleksandar

How to trade multiple pairs, in parallel

Education
TVC:DXY   U.S. Dollar Index
We have three charts, and the most important is the DOLLAR INDEX chart and its direction of movement:
In the first chart, here we see that the dollar index is in a bearish trend,
In the second chart, here we see that EURNZD monitors the movement and mostly coincides with the chart DOLLAR INDEX,
In the third chart, here we see that EURUSD is totally the opposite of the DOLLAR INDEX chart.

We see that when the DOLLAR INDEX falls, also and the EURNZD, while the EURUSD rises.

This way, you can combine these pairs.
What do you think about that?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.