Crosses overview
I compare the following 7 crosses
EURGBP AUDCAD EURAUD EURCAD USDJPY USDCHF CHFJPY
looking into the big time frames M/W/D
with special attention to the previous trading day candle
The purpose is to determine the strength order for high-risk CURRENCIES (EUR,GBP,AUD,CAD) and safe haven ones (USD,JPY,CHF)
This helps me to sort out pairs and focus on the high probability ones
I only trade majors and JPY pairs except for NZD pairs and GBPJPY
• This week I am in a risk-off mode so I will bearish for risky assets as long as the market conditions maintain (technical, sentiment, fundamental, quantitative)
• from screening the 7 crosses as mentioned the order for risky currencies from high to low is: CAD > EUR > AUD > GBP
• for safe ones the order is: CHF > USD > JPY
So, my focus in order will be:
GBPUSD - AUDUSD - AUDJPY - EURUSD - EURJPY - USDCAD - CADJPY
EURGBP AUDCAD EURAUD EURCAD USDJPY USDCHF CHFJPY
looking into the big time frames M/W/D
with special attention to the previous trading day candle
The purpose is to determine the strength order for high-risk CURRENCIES (EUR,GBP,AUD,CAD) and safe haven ones (USD,JPY,CHF)
This helps me to sort out pairs and focus on the high probability ones
I only trade majors and JPY pairs except for NZD pairs and GBPJPY
• This week I am in a risk-off mode so I will bearish for risky assets as long as the market conditions maintain (technical, sentiment, fundamental, quantitative)
• from screening the 7 crosses as mentioned the order for risky currencies from high to low is: CAD > EUR > AUD > GBP
• for safe ones the order is: CHF > USD > JPY
So, my focus in order will be:
GBPUSD - AUDUSD - AUDJPY - EURUSD - EURJPY - USDCAD - CADJPY
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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.
Related publications
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.