TradingView
btocastillon
Jan 24, 2018 7:25 PM

Understanding correlation in XAUUSD and USDJPY Education

FX:XAUUSD240
Gold/U.S. DollarFXCM

Description

⋅
As we have been seen in the market the dollar is losing value. Since XAUUSD is consider a contrary economy to the dollar we saw a big rally up, which correlate directly with USDJPY, which yen also is consider a contrary economy
Trend AnalysisChart PatternsWave Analysis
More