adambiers
Education

Is there correlation between two economies?

FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
The line graph is EUR/USD & Candles USD/CHF
This is a common pair that traders say is inversely correlated...
Is there correlation between economies? Is it because of USD's part?
Will correlation make you the good R/R trades or structure?
Is there a way to trade the correlation (if any) effectively?

Draw your own conclusions & have a good weekend!
My moving averages patterns on both these pairs also pointed out the correlation.
In my opinion one of them will give a signal or pattern earlier.. Thanks for sharing because my mentor doesn't believe in correlation .LOL
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adambiers mzshaik
@mzshaik, Personally, I don't believe in it too much either. I believe in wave structure :)
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