TAS
Long

XAGUSD about to break out of the channel

FX_IDC:XAGUSD   SILVER / US DOLLAR
365 9 16
XAGUSD             about to break out of the channel and start a move up after correction
Comment: Still bouncing at the bottom of the channel
Comment: Price does not seem to want to break below the channel. As was predicted on Gold and Silver Charts, The last two weeks had an uncommon correlation between Gold and Silver.
Hi mate,
You conflicted with XAUUSD analisys. How silver go upside when gold go down. They are related. Regards...
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TAS happier
@happier, Hi. I know that :) It's nice of you to notice. I'm redoing all my charts after the elections. For some reason the charts are telling me different things. Some basic correlations are strange at this moment like EURCAD and EURAUD.
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@TAS, You are right, after election many charts have anomaly. I think the difference between EURCAD and EURAUD when CAD increasing AUD decrease.
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happier happier
@TAS, there is same differences between GBPAUD and GBPCAD..
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TAS happier
@happier, You can check correlations here http://www.myfxbook.com/forex-market/correlation/EURCAD
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@TAS, thank you my friend, i added it my favorite web pages. :))
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TAS happier
@happier, you can check correlation by security and timeframe. So you can use that to avoid doubling risk
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So based on your analysis Gold down and Silver up. Nice approach. Maybe that works out for you.
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TAS MetalCruisers
@TPparadigma, Thanks. I know they are correlated. Feel free to post your charts here it's good to share ideas.
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